Deanne Stewart, the incoming chief executive of First State Super and John McMurtrie the managing director of Link Group will both fill the vacant board positions.
Ms Stewart has worked extensively in insurance in superannuation and finance both here and in New York and London and will be a retail representative for the board.
Mr McMurtrie has worked in business for over 40 years with 35 of those years in financial services and will be a service provider representative.
ASFA chair Dr Michael Easson said he was looking forward to the two joining the board and working with ASFA towards its mission to improve the super system for all Australians.
Dr Easson thanked outgoing board members Michael Dwyer AM and Suzanne Holden for their service to the board and wished them good luck in future roles.
The four directors, Michael Clancy and Chris Davies for corporate funds and David Elia and Leanne Turner for industry funds have been re-elected to the ASFA board.