Mr Hartley steps down after a 34-year career in the investment industry, including 10 years with Sunsuper. During his term, the assets managed on behalf of Sunsuper’s members have grown from $6 billion to $34 billion, according to a statement by Sunsuper.
In addition, the investment under Mr Hartley’s leadership has expanded from 2 to 21 persons, and the diversity of assets used to meet members’ retirement needs have grown “substantially,” the statement said.
Sunsuper chief executive Scott Hartley, who is not related to Mr Hartley, said: “David has a well-deserved reputation as a strong investor.”
“Over the years, David has delivered time and again for our members, expanding our focus to new asset classes and new ways of investing, always with a dedicated focus on performance, strong control over risks and clear commitment to our members.”
A recruitment process for Mr Hartley’s replacement has commenced and will include consideration of a number of strong internal candidates, the statement said.
Mr Scott Hartley said that Sunsuper’s new chief investment officer, with the support of the investment team, would continue to provide members with consistent investment returns over the long term.
