Construction industry fund Cbus Super has appointed three new executives to its leadership team, including the newly created role of chief risk officer.
Long-time Cbus risk chief Wade Martin has become the fund’s first chief risk officer, while former Equip Super chief executive Nicholas Vamvakas will become Cbus group executive for strategy and growth.
Marianne Walker has joined the fund as group executive, member and employer experience from Victoria’s Department of Health and Human Services where she was director of customer support.
Cbus Super CEO David Atkin said the new role of chief risk officer was important for the fund and that Mr Martin’s risk leadership had seen the fund maintain high levels of trust with members and regulators alike.
“The Hayne royal commission made it very clear that an organisation’s risk culture is either a competitive advantage in the marketplace or a material risk to member outcomes,” Mr Atkin said.
“Over the last six years Wade has ensured that risk is at the centre of everything that we do. Wade has demonstrated expertise in designing and implementing second line risk and compliance frameworks, including a recognised leading practice in risk culture and governance.”
On Ms Walker’s appointment to group executive, member and employer experience, Mr Atkin said her experience across the public and private sectors would benefit the fund as Cbus transitions to having more customer channels and tools in-house.
“Marianne has immense experience with complex customer experience systems,” he said.
“As Cbus continues our significant technological transformation, including the build of a new in-house member call centre, her vision and talents will ensure our members remain at the heart of everything that we do.”
He added Mr Vamvakas’ appointment to group executive for strategy and growth will steer the fund through an ever-changing marketplace.
“I have known Nicholas for many years and his commitment to delivering outcomes for members has always been striking,” he said.
“Nicholas has runs on the board through his time at Equip, doubling the size of the fund and leading some of Australia’s largest corporate and funds transfer tenders. As super funds approach a new era of scale, Nicholas’ insight will be invaluable to the growth and development of our fund.”
Mr Martin and Mr Vamvakas have already commenced in their new roles, whereas Ms Walker will take up her position in late October.
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.
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