Catholic Super has announced the appointment of Catholic Development Fund CEO Matthew Cassin to its trustee board.
Mr Cassin has 25 years of experience in the banking and finance industry, including executive positions at the Commonwealth Bank and the Catholic Development Fund.
“Matthew’s insights and longevity of working within the finance sector will be pivotal as we explore continued joint venture opportunities, mergers and acquisitions,” said Catholic Super chair Danny Casey.
“His decades of experience in the financial services sector will support Catholic Super’s plans to achieve scalable growth.”
Catholic Super is part of the profit-to-member fund Equip, which aims to grow its total membership from 140,000 (including 68,000 Catholic Super members) to 300,000, and funds under management from $30 billion to $50 billion by 2025.
The fund recently received a “pass” in the Australian Prudential Regulation Authority’s inaugural performance test, which Catholic Super said was “partly attributable” to investment fee decreases of up to 20 per cent introduced in July.
“I look forward to joining the members of Catholic Super’s trustee board to drive continuous improvement throughout the organisation in response to member and community needs,” Mr Cassin said.
“My focus will be helping support the fund’s growth trajectory, and working closely with my colleagues and board members to exceed key performance indicators while supporting the executive team.”
Jon Bragg
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.
