The $38-billion superannuation fund NSW State Super has found replacements for its chairman and chief executive after former chairman Don Russell and CEO Chris Durack left the fund earlier this year.
State Super has appointed Michael Carapiet as its chairman.
Carapiet was previously executive chairman of Macquarie Capital and Macquarie Securities.
He worked at Macquarie Group for 22 years before he left the company in April this year.
A State Super spokesperson said the organisation was also close to announcing the appointment of a new chief executive, but was awaiting approval of the NSW Finance and Services Minister Gregory Pearce before it could make the announcement.
"We expect to get approval in a week," the spokesperson said.
The spokesperson could not say who would succeed Durack, who announced he was joining Schroders as director of business strategy, product and distribution in July.
But according to industry sources, State Super would appoint John Livanas as its new chief executive.
Livanas is currently chief executive of the Australian Meat Industry Superannuation Trust.
He did not respond to enquiries from Investor Weekly.
