Scott Hartley signals Sunsuper departure

Sunsuper/superannuation/Scott-Hartley/departure/exit/super-fund/superannuation-fund/andrew-fraser/Egon-Zehnder/

3 June 2019
| By Hannah Wootton |
image
image
expand image

Sunsuper’s chief executive, Scott Hartley, has announced he will depart the super fund following the appointment of a successor, as he was looking for a new challenge following leading the fund’s immense growth over the last five years.

Hartley said the decision to leave had been “agonising”, but that the time was right for both him and Sunsuper. Since he took on the role in late 2013, the fund had grown from a $25 billion fund with one million members to having over $66 billion in funds under management (FUM) and 1.4 million members.

Sunsuper’s chair, Andrew Fraser, delivered glowing praise for Hartley’s reign: “Scott and I have recently been discussing his plans and I know he has wrestled with this decision, but having achieved his ambitions for Sunsuper, I do understand his eagerness to take on a new challenge.”

“Whoever secures his services will be the beneficiary of one of Australia’s most capable chief executives,” he added.

“I’m pleased he will be staying on as CEO as we undertake a selection process to support a smooth transition. Scott’s commitment to continuing to serve will support the organisation into its next phase of success.”

Egon Zehnder would lead the selection process for Hartley’s replacement.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 6 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 5 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 4 days ago

TOP PERFORMING FUNDS