MTAA CEO will continue when merger with Tasplan completes

MTAA Super CEO Leeanne Turner will continue as the chief executive of the new combined fund when the MTAA/Tasplan merger finalises in October of 2020.

The merger was confirmed today, and will result in the creation of a $23 billion fund.

Current Tasplan CEO Wayne Davy will stay on until the merger date.

The combined fund's corporate and trustee functions will be based in Canberra, with satellite offices in Tasmania and other locations. MTAA Super's administration services will be moved in-house to Tasplan's Hobart facilities.

Fund Chairs, John Brumby of MTAA Super and Naomi Edwards of Tasplan, said the merger was driven by shared values and a desire to secure better member outcomes.

"Our organisations have a lot in common. We were both recently awarded Platinum status by SuperRatings as 'best value for money' funds, and we both have a strong focus on excellence. By combining our strengths, we are creating a multi-industry fund providing quality, customised service to members and employers across the country," said Ms Edwards.

MTAA's Brumby's term will complete with the merger and Tasplan's Edwards will become chair of the merged organisation.