Swan joins AIST board
The peak body for the $1.6 trillion profit-to-member superannuation sector has appointed a former federal treasurer and AustralianSuper executive to its board.
The Australian Institute of Superannuation Trustees has appointed Wayne Swan, chair of Cbus Super, and Sarah Adams as directors.
Swan joined the Cbus Super board after filling the trustee-elected director casual vacancy left in January by the resignation of Sonya Beyers from BUSS(Q).
Adams - the group executive of strategy, reputation, and corporate affairs at AustralianSuper - filled the staff-elected casual vacancy left by the resignation of Louise du Pre-Alba from AustralianSuper.
AIST president Catherine Bolger welcomed the duo to the ten-person board and thanked du Pre-Alba and Beyers for their service.
"It's a privilege to welcome two more high calibre directors to our board as we continue to navigate the organisation through the challenges of a world impacted by the pandemic while continuing to set it up for success in the future," she said.
"I can personally attest to how important the support, guidance, and contribution of my fellow directors have been, particularly over the last two years due to Covid-19."
AIST chief executive Eva Scheerlinck said she looked forward to working with the new directors and gaining the benefits of their experience and skills in shaping public policy on behalf of members.
"Wayne brings political, policy, and economic expertise developed over 25 years in Parliament, including the lessons of helping manage the Australian economy during the global financial crisis as Treasurer," she added.
Scheerlinck noted that as chair of the Caucus Economics Committee in 1993 Swan helped develop and legislate the superannuation guarantee (SG). As treasurer from 2007 to 2013, he approved the increase in the SG from 9 percent to 12 percent.
"In her current role, Sarah is responsible for setting the strategic direction of AustralianSuper and considering how it can advocate for its members to help them achieve their best financial position in retirement, which aligns perfectly with AIST's objectives."
