The Executive Superannuation Fund is a corporate master trust for staff and partners of KPMG, their spouses and many former employees.
The appointment brings the total superannuation fund assets in Equity Trustee’s corporate responsible superannuation entity (RSE) business to $2.2 billion.
Equity Trustees managing director Robin Burns said the appointment is a significant step forward for the business, both in the size of the fund and as vindication of Equity Trustees’ capabilities in this area.
It also coincides with the creation of the Equity Trustees Superannuation Trustee Office, which will be responsible for compliance and superannuation licence requirements, as well as driving business development in the trustee for partnership sector.
Equity Trustees said the custody and administration service of the Superannuation Trustee Office will be complemented by Equity Trustees’ chief investment officer function.
This function will oversee the investment strategy of the fund, ensure the fund complies with the strategy and monitor the underlying investments.
Equity Trustees managing director Robin Burns said the creation of the Superannuation Trustee Office is a “clear recognition of the importance of superannuation to the future of the business”.
“It brings all of Equity Trustees’ RSE responsibilities together under the one umbrella,” said Mr Burns.
Equity Trustees has appointed John Rodd as head of the Superannuation Trustee Office.
Mr Rodd has over 30 years of financial services experience, most recently as chief financial officer of Equipsuper.
