Speaking to InvestorDaily, MTAA Super chief executive Leeanne Turner said she was “very proud” of where the fund had moved to since she took over the top job.
Ms Turner replaced former chief executive Michael Delaney in November 2011. Mr Delaney announced his resignation in August 2011, after he was faced with a no confidence motion by the employer sponsor of the fund.
MTAA Super members were faced with very poor returns during the global financial crisis, reportedly due to a high percentage of illiquid assets within the fund and a poor currency hedging strategy.
According to Ms Turner, the Stronger Super reforms were particularly timely for MTAA Super because they gave the fund “a good foothold to kick off from”.
“The reforms have accelerated the path that we were already on in terms of strengthening our governance, our risk and our compliance within the fund,” said Ms Turner.
The fund has “completely reviewed” its risk management framework, as have its peers in the industry, she added.
“We’ve significantly strengthened the position we came from,” said Ms Turner.
