After more than 12 years at the head of one of Australia's largest superannuation funds, CEO David Atkin will leave the organisation in mid-2020.
Founded in 1984, Atkin has been chief executive of the now-$56 billion superannuation fund for more than a third of its existence. Cbus Super chair Steve Bracks thanked Atkin for his exceptional leadership during that time. "Over that time the fund has become an industry leader and sophisticated global investor," Bracks said.
Bracks had nothing but praise for Atkin's contributions to the growth of the fund. "David is a person of utmost integrity and decency, a humble and tireless leader whose commitment to members is apparent in everything that he does." He pointed to the fund's consistent high marks for both investment performance and trust and satisfaction ratings as evidence of the culture Atkin brought to the organisation.
"Cbus is recognised as an employer of choice and David has driven a strong focus on gender diversity as a Male Champion of Change, understanding the positive impact this has on investment outcomes and broader fund performance."
Atkin said that, after consulting with family over the summer holidays, he made the decision to explore other opportunities. That said, he was proud of what he's achieved over his time with the organisation. "I like to think over the last twelve years Cbus has delivered an exceptional service for members.
"Members have been at the heart of everything that we do."
Atkin's role in the expansion of superannuation for all Australians. "Cbus members fought for and won the right to superannuation at a time when super was only for white-collar professionals.
"Throughout my time at the fund I have been determined to make sure that we fulfil our members' vision, and we are well and truly on the right track."
He says that now is a good time to hand things over to new leadership, to take the fund into the future. In his closing remarks, Atkin said that the people at Cbus inspire him every day.
"I have been inspired every day by the energy and commitment of the Cbus staff. Together we have built a member focussed culture which demonstrates how ethical, human centred financial services can be delivered."
Atkin will remain Cbus CEO while an executive search is undertaken. It's expected to be finalised by mid-2020.