By Nick Hedley
Australian Retirement Trust (ART), the AU$200 billion (US$130
billion) superannuation fund formed from the merger of Sunsuper and QSuper, has
appointed Andrew Fraser as its next chair, effective mid-October.
Fraser was appointed chair of Sunsuper in February 2018, and
has been an ART director since the merger earlier this year.
“I very much look forward to continuing to work to grow and
guard the retirement savings of the 2 million Australians who entrust us with
their superannuation,” Fraser said in a statement.
He replaces Don Luke, who will step down from the role at
the end of his term. Luke was previously chair of QSuper and served as CEO of
Sunsuper for more than a decade.
“Don’s contribution to Australian Retirement Trust, and to
QSuper and Sunsuper prior to the merger, is peerless,” Fraser said.
ART CEO Bernard Reilly said Luke was “integral to the
successful delivery of the largest and most complex superannuation merger in
Australian history.”
Luke will remain an independent director until the end of
his term on November 30. Fraser’s appointment is effective from mid-October.