Commonwealth Super has appointed the former head of REST as its new CEO.
Damian Hill will become Commonwealth Super’s new CEO in July this year, following the retirement of current CEO Peter Carrigy-Ryan.
“After a long and thorough recruitment process facilitated by an independent global executive search consulting firm, we have selected Damian Hill as our CEO from a very impressive field of candidates,” said board chair Patricia Cross. “He has a proven track record, having performed successfully as the CEO of a major superannuation fund, and has been a highly regarded and active participant in the industry over many years.
“He brings a great depth of experience and knowledge to CSC, and his particular customer focus will complement the many initiatives we have implemented over the past few years.”
Mr Hill has over 30 years of experience in the superannuation and life insurance industries, and most recently served as CEO of REST, one of Australia’s largest industry funds. He was involved in the SuperStream initiatives where he chaired the government’s SuperStream Advisory Council, and is a fellow and life member of the Association of Superannuation Funds Australia (ASFA).
“I am really looking forward to working at CSC,” Mr Hill said. “It is responsible for both defined benefit and defined contribution super schemes, and there will be significant challenges in every aspect of managing a large complex organisation like CSC.
“There is a unique dynamic with this organisation, delivering retirement outcomes for members of the Australian Public Service and the Australian Defence Force.”.
Commonwealth Super is responsible for the retirement outcomes of members of the Australian Public Service and the Australian Defence Force. It has $50 billion in funds under management, and employs 470 staff with offices in Sydney and Canberra.
MLC Life Insurance has appointed Sean McCormack as the chief of its newly created life insurance division in a move it hopes will better mee...