Catholic Super has appointed a high-profile former banker to its trustee board as the industry fund aims to achieve sustainable growth in a rapidly shifting sector that is seeing fewer and bigger funds emerge.
Matthew Cassin joins the super fund after 25 years of experience within the banking and finance sector, including senior roles at the Commonwealth Bank and the Catholic Development Fund.
He has worked with the Development Fund since 2015 where he managed the pooled savings of the Catholic community to help build and grow schools, parishes, hospitals, aged care, and welfare facilities.
The need for scale is widely acknowledged as the superannuation industry continues to consolidate through mergers.
Commenting on the new hire, Catholic Super chair Danny Casey pointed to Cassin's decades of experience in financial services which will support the super fund's plans to achieve scalable growth.
"Matthew's insights and longevity of working within the finance sector will be pivotal as we explore continued joint venture opportunities, mergers, and acquisitions," he said.
Cassin said his focus will be helping support the fund's growth trajectory and working closely with his colleagues and board members to exceed key performance indicators while supporting the executive team.
Throughout his professional career, he has developed strong expertise in fund administration, investment management, strategic development, and risk management.
Catholic Super is part of Equip, a profit to member fund which aims to boost funds under management to $50 billion within the next four years.
Currently, funds under management sit at $30 billion.
Alongside formal qualifications in business and financial services, Cassin is currently enrolled at the Australian Catholic University where he is undertaking a Graduate Certificate in Catholic leadership and culture.