Industry fund Equip Super has appointed former SAS Trustee Corporation chief investment officer Lisbeth Rasmussen and communications and marketing executive Penny Davy-Whyte to the board of directors.
In a statement, Equip Super announced that Ms Rasmussen and Ms Whyte were joining the board as member directors to assist in driving growth following the fund’s merger with Rio Tinto Staff Superannuation Fund last July.
Ms Rasmussen brings to the board more than three decades’ experience in investment strategy, super fund management and risk mitigation.
From 1985 to 1988, she was an economist and asset allocation manager at the Public Authorities Superannuation Board before she moved to State Super as an investment manager.
Between 1997 and 2016, Ms Rasmussen worked her way up at SAS Trustee Corporation, State Super’s benefit schemes trustee.
There, she began as an investment specialist before becoming deputy chief investment officer and head of strategy, and ultimately chief investment officer in May 2015.
Ms Whyte has held a number of director, executive and C-suite roles in various communication, media and marketing firms, as well as leading the federal government media account from 2015 to January this year.
She also has previous experience serving on boards and is currently the chair of the Australian Marketing Institute and a board member of the Luke Batty Foundation.
Both Ms Rasmussen and Ms Whyte will commence their three-year terms on 1 July.
Equip chair Andrew Fairley welcomed both women on behalf of the board.
“Penny and Lisbeth bring a terrific depth of experience to further enhance the skills-based board that underpins Equip’s success,” the chair said.
Equip has 75,000 members and over $14.5 billion assets under management.
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