Industry superannuation fund Unisuper has hired former investment managers Mervyn Peacock and Chris Cuffe as independent directors to its board.
Peacock was formerly a chief investment officer with AMP Capital Investors. Cuffe worked as chief executive for both Colonial First State and Challenger Financial Services.
Together Peacock and Cuffe oversaw $200 billion in funds under management.
"We wanted our new directors to have the business experience to ensure the best board for our members," Unisuper chief executive Ann Byrne said.
Byrne said the Federal Government's simple superannuation initiatives had created new opportunities for the fund.
"We needed the appropriate board experience that would position the fund to take advantage of opportunities such as new products resulting from the Government's changes," she said.
Unisuper has 11 board members including three independent directors.
