Danielle Press will head the newly formed joint venture (JV) between Australian superannuation fund Equipsuper and non-profit industry super fund Vision Super, Financial Standard reports. Most of the operations following the merger will be brought together by February. The merged fund will have assets of around $9.6 billion and a membership topping 170,000.
Investment and financial services expert Press, CEO of Equipsuper, named Vision Super company secretary Paul Curtin to lead the new fund as deputy CEO. A temporary 17-member board was announced last week, adds SuperReview. The number of board members will come down to nine after the fund transfer, which will include two members and two employer directors from Equipsuper.
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