Following an extensive global search and selection process, Australian Retirement Trust (ART) on Thursday announced the appointment of David Anderson as its next chief executive officer (CEO).
Mr Anderson has more than 30 years of experience in insurance, financial services and professional services, and has spent the past 25 years with Mercer, where he most recently served as the global chief commercial officer.
He was previously the president, international, at Mercer with responsibility for all of the firm’s clients and teams in more than 175 cities and 42 countries outside the US and Canada.
ART chair Andrew Fraser said that Mr Anderson’s appointment came at an important time for the $260 billion super fund as it delivers the next phase of its vision to be Australia’s most chosen and trusted retirement partner.
“With a changing superannuation landscape, this an exciting time for Australian Retirement Trust, and we believe David Anderson will be an exceptional leader to steward the fund and our people on behalf of our 2.3 million members,” Mr Fraser said.
“The Australian Retirement Trust board believes David’s experience and capabilities, global as well as local perspective, leadership style and values will enable him to be an outstanding CEO of ART. As one of Australia’s largest funds, we’re committed to growing and guarding the retirement savings of all members, who entrust us with their superannuation.”
Commenting on his appointment, Mr Anderson said: “I am delighted to be returning to Australia to join Australian Retirement Trust. It will be an honour to lead an organisation that has carved a legacy as one of the largest retirement savings and income funds in Australia.
“ART has been putting members’ money to work both locally and globally, aiming not just for financial success but for a secure, confident and dignified retirement for their 2.3 million members. I’m excited to contribute to this mission and to bring my global experience to the table to benefit the ART team and their members.”
As part of Thursday’s announcement, Mr Fraser also thanked Mr Reilly for his leadership and commitment to the fund during his tenure as CEO.
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.