TWUSUPER has announced the appointment of Hon. Nicholas Sherry as its new chair effective 1 May.
Mr Sherry was Australia’s first minister for superannuation from 2007 to 2009, during which time he established the Cooper and Financial Advice Enquiries which ultimately led to MySuper and Future of Financial Advice reforms.
Since leaving politics a decade ago, Mr Sherry has held advisory positions with Citi, EY, DWS, Roc Partners, and OECD.
“I am deeply honoured to have been appointed the new chair of TWUSUPER, particularly to a fund that was one of a small group of funds in the pre-1987, 3 per cent award super era that led the way in spreading superannuation coverage to low and middle-income workers,” Mr Sherry said on occasion of his appointment.
Mr Sherry replaces David Galbally, AM QC, who has chaired TWUSUPER since November 2000.
In his pre-parliamentary career, Mr Sherry is credited for helping establish as founding trustee two industry superannuation funds, HOSTPLUS and ClubPlus (Tas).
He is a fellow of the AIST and Governor of the PPI (UK).
According to TWUSUPER CEO, Frank Sandy, Mr Sherry’s “deep experience and insight will provide great value to TWUSUPER members”.
“His experience in a wide range of business matters, including as a chair and director, system policy design, legislation, governance, regulation and compliance, IT and administration, taxation, investment, audit, and HR will be invaluable,” Mr Sandy said.
“As Australia navigates an increasingly complex set of economic challenges, the presence of Nick Sherry will be warmly appreciated by our directors and members.”
TWUSUPER has $6.4 billion in funds under management.
