ASFA appoints new CEO


The Association of Superannuation Funds of Australia (ASFA) has appointed Dr. Martin Fahy as its chief executive, effective 1 November.
Fahy was currently a partner at management consultancy, KPMG, where he worked with clients across the financial services and other sectors to drive transformational change.
His role at KPMG saw him work with investment banks, wealth management organisations, superannuation funds, and service providers to the super industry.
From 2007 to 2011, Fahy was CEO at Finsia where he led the organisation's transformation post the sale of its education business.
Commenting on the appointment, ASFA chair, Dr. Michael Easson, said: "Martin has a deep understanding of the issues and challenges facing the superannuation industry and will bring the considered, evidence-based policy insights that can help shape the long-term success of superannuation in Australia".
"Martin will lead ASFA into its next period of growth, expanding its role in supporting robust policy debate, and raising capability across the sector," Easson said.
Interim CEO, Jim Minto, will continue until Fahy commences his new role.
"The Board and I would like to thank Jim for stepping in during this interim period. We could not have asked for a better person to ensure a seamless transition during such a critical time for superannuation," Easson said.
Recommended for you
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.