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Future Super's head of fund operations steps down

By Rhea Nath
2 minute read

Future Group, which comprises superannuation brands like Future Super and Verve Super, had hinted at job cuts last month as it transitions to a “single integrated team running multiple brands”.

Matt Gahan has departed Future Super, six months after being promoted to head of fund operations.

He first joined the super fund in 2019 as general manager, superannuation.

Writing on LinkedIn, he described his tenure at Future Super as “amazing”. “After 5 amazing years at Future Super, the time has come for me to move on,” Gahan wrote.

“I have been continually amazed at the people I have had the privilege to work with and I have admired the passion, commitment and energy that people bring to their role at Future Group.

“I have been fortunate to work on many projects and initiatives that have shaped the future direction of the business and lead high performing teams to deliver outstanding work and outcomes for our members across multiple brands.”

He added: “I have learned a lot about myself, the way I lead, my purpose and values. I will be forever grateful for the opportunities and challenges presented to me along the way.”

Previously, Gahan spent over five years at Australian Ethical, most recently as executive officer, superannuation.

He has also held analyst roles at Commonwealth Bank of Australia, FuturePlus Financial Services, and OnePath.

The departure follows an announcement from the group’s founder and chief executive, Simon Sheikh, last month, where he flagged a strategic reshaping of its organisational structure.

He shared that assets under management have grown tenfold in the last four years, achieved by a growing appetite for ethical investments alongside a targeted program of acquisitions.

“Our mission is to use these brands and the power of our members’ superannuation to drive change in the $3.5 trillion super industry while delivering great outcomes for our members,” Sheikh said.

“Now that our acquisitions are finalised, we need to reshape our organisational structure to execute our strategy. Put simply, we are moving from being a group of acquired businesses to a single integrated team running multiple brands.

“Sadly, this means saying farewell to some valued individuals who’ve made important contributions to our mission.”

At the time, the group did not indicate how many job cuts were expected and Sheikh said they would be consulting with their team to identify redeployment opportunities where possible.