We're pleased to announce the appointment of Michael Cameron as the new Chair of the Trustee Board. Mr Cameron joins as an Independent Director replacing Danny Casey who has stepped down from the Board after six years of service. Mr Cameron takes over as Chair on 1 November 2023.
Mr Cameron brings extensive experience in both the financial services and property sectors. He is the current Chair of Heritage and People’s Choice as well as the Chair of Resolution Capital Ltd and Deputy Chair of icare (Insurance and Care NSW).
Mr Cameron was previously a Non-Executive Director of the Suncorp Group before being appointed as Managing Director and CEO in October 2015. He was also the former Chief Executive Officer of The GPT Group and was previously the Group Chief Financial Officer of the Commonwealth Bank of Australia.
As well as his extensive financial services experience, Mr Cameron brings strong mergers and acquisitions experience, recently overseeing the merger between People’s Choice Credit Union with Heritage Bank in March 2023. He has led major cultural and organisational transformations, delivered value-creating growth initiatives, and implemented industry-leading technology change programs.
Speaking on the announcement, Justine Hickey, Deputy Chair of the Board said, ‘I am thrilled to welcome Michael as the Chair of the Board of Directors. I know his extensive experience and passion for profit to member organisations will steer Equip Super through the next chapter of the fund’s growth trajectory.’
Our Fund has a strategic objective of growing in size and achieving further scale that offers a better experience and connection for its members and employers. Over the past seven years our Fund has completed five successor fund transfers and a joint venture with Catholic Super, currently managing $32 billion in funds under management for over 140,000 members.
Equip Super’s nine-person board is skills-based and consists of three Independent Directors, three Member Directors, and three Employer Directors. The Chair of the Board must be an Independent Director.
Speaking of his appointment, Mr Cameron said “I’m looking forward to joining one of Australia’s oldest superannuation funds, which has been equipping Australians for retirement for more than 90 years. Equip Super is in a unique position in the super industry, being a mid-sized fund with a strong profit to member ethos and I’m looking forward to working with the Board and Executive team in continuing to provide excellent outcomes for our members.”
The outgoing Chair, Danny Casey started at the Fund as the Chair of Catholic Super in 2017 and was instrumental in leading the Fund through the joint venture with Equip Super. Mr Casey served as the Independent Deputy Chair of the merged entity from October 2019, taking over the Chair position in July 2021.
Ms Hickey commented on the outgoing Chair, “I’d like to thank Danny for the tremendous job he has done as Chair of the Board of Directors. During his tenure he has successfully led the Fund through a period of substantial growth and in particular the successful integration of the merger between Equip Super and Catholic Super which has delivered significant benefits to members of both Funds. Danny has provided strong leadership and has developed a Fund culture that delivers the best retirement outcomes possible for members through connection and commitment. We thank Danny for his service to our Fund and wish him all the best for his future endeavours.”
Mr Casey said, “Michael joins a strong, skills-based Board featuring combined experience at the highest levels of organisational leadership. His perspectives and guidance will help the Fund to continue to provide excellent outcomes for members, employers and the Equip Super team. I have enjoyed my time at the Fund and wish Michael and all at Equip Super all the best for the future.”
About Equip Super
Equip Super manages $32 billion for over 140,000 members across both Equip Super and Catholic Super. Equip Super is a leader in the superannuation industry in bringing funds together through successful successor fund transfers and continues to look for new opportunities to grow the Fund. Equip Super’s strategic objective is to manage $50 billion in funds under management for 300,000 members.
Equip Super and Catholic Super service employers and members from the energy, resources, water, infrastructure, manufacturing, transport, education, health, legal and services sectors. Equip Super is a profit-to-member industry super fund, operating superannuation, defined benefit and retirement income plans. The Fund’s key objective is to deliver the best retirement outcome possible for members, while operating as a trusted partner for participating employers.
Equipping members today, so they’re ready for tomorrow.