Michael Wyrsch has become Vision Super’s new deputy CEO, but in addition he will continue to manage the investments function in his current role as CIO.
Vision Super CEO Stephen Rowe said the appointment had come as a result of the board’s succession planning.
“Michael has done an outstanding job as chief investments officer,” Mr Rowe said.
“Since he joined Vision Super he’s substantially reduced investment management costs, so our members are paying less in fees, at the same time as improving results.”
The CEO credited Mr Wyrsch with pushing the fund’s MySuper default balanced growth option into the top three over the last financial year, and top 10 over all periods up to 10 years.
“Michael would tell you that those returns are mainly the result of good luck, but the credit is his – he’s largely responsible for the foresight, careful planning and strategic thinking behind every investment decision,” Mr Rowe said.
“As deputy CEO, Michael is going bring that same foresight, careful approach to planning and broad strategic thinking to the fund as a whole, and I am looking forward to working with him closely in his new role.
