Intrust Super chief executive steps down ahead of Hostplus merger

Brendan O'Farrell
Intrust Super Fund - Chief Executive
Date: 26 November 2021
Position: Chief Executive
By Elizabeth Fry

Intrust Super's chief executive Brendan O'Farrell will depart the fund upon the completion of its merger with Hostplus to create a $70 billion super fund.

O'Farrell, who has run Intrust for 17 years, confirmed that he hasn't sought a role within the merged fund which will be helmed by Hostplus boss, David Elia.

"Brendan is an exceptional leader - his strategic, commercial, and relationship-building strengths have been a key platform for the fund's success, as has been his ability to build and drive an innovative and dedicated team," said Intrust chair Gary Bullock.

"Brendan always puts fund members first, and this philosophy has delivered members strong long-term performance and exceptional service delivery - a blend which we believe made Intrust Super a truly unique proposition. I have no doubt his skillset will ensure that future success and accolades flow to any organisation he may choose to represent in the future."

For his part, O'Farrell said he was grateful to have worked in such a dynamic part of the financial services industry.

"I also feel very fortunate to have delivered such an important financial service to the Hospitality industry - some of the hardest workers in the country who form a big part of Australian culture," he added.

"I'm extremely grateful for the support and guidance provided by the Board over many years and proud of the exceptional Intrust Super team and excited about the journey these individuals will have, ensuring strong performance and service delivery to members in the future."

O'Farrell will leave in Intrust in November when the deal with Hostplus has been completed. The leading industry fund for the hospitality industry is also in the process of merging with South Australian-based Statewide Super.

Statewide manages over $10.8 billion in funds.