REI Super’s CEO will be resigning from his role later this year after leading the fund for 15 years.
Mal Smith chose not to pursue another contract renewal with REI, the company said, as he wished to explore new roles.
Mr Smith’s date of departure is flexible, with it being based on the timing of the fund appointing a replacement.
“Mal has been the driving force behind REI Super’s growth and stability for the last 15 years and has successfully steered the fund through countless changes and challenges in the superannuation industry and the broader economic environment,” Claire Higgins, chairperson of REI, said.
“The success and strength of the fund is testament to Mal’s skill and commitment.”
Mr Smith said the fund’s members have a real passion for the real estate industry.
“I’ve really loved this role and I’ve been energised and supported by the team around me and by our members and employers,” he said.
“I am immensely grateful to everyone involved with the fund, and it has been a difficult decision to relinquish the role, but I feel it’s time for me to embark on some new challenges.”
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Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].