Ms Norman has extensive leadership experience and has worked within the superannuation industry for over 15 years for a range of funds including UniSuper, Legalsuper, Cbus, and ESSSuper.  Across these roles Ms Norman has led the end-to-end member experience and engagement strategy with oversight and responsibility for Brand, Marketing, Experience, Digit

As CXO, Ms Norman will be responsible for Equip Super’s Retirement, Product, Marketing and Financial Planning functions. This key role will have responsibility for the end-to-end experience of the fund’s 140,000 members.

Speaking on the announcement, Scott Cameron, Equip Super CEO, said, ‘We are thrilled to welcome Carrie Norman as Equip Super’s new Chief Experience Officer to lead our recently established Member Experience business function. Carrie brings invaluable experience in the superannuation industry and will be instrumental in driving our commitment to delivering exceptional member experiences. We are confident that under her leadership, Equip Super will continue to set the standard for excellence in our industry and prepare our members for financial freedom in retirement.’

‘I am incredibly excited to take on the role of Chief Experience Officer at Equip Super. It’s an honour to join such a forward-thinking organisation that is dedicated to enhancing member experiences. I look forward to working with the team to build on the fantastic work already being done and contribute to the ongoing success of Equip Super,’ said Carrie Norman on her appointment.

Ms Norman will commence her role on 11 June 2024 and will be reporting into Scott Cameron, CEO.

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Michael Cameron

Leading super fund Equip Super, has announced the appointment of Michael Cameron as the new Chair of the fund’s Board of Directors. Mr Cameron joins as an Independent Director replacing Danny Casey who has stepped down from the Board after six years of service. Mr Cameron takes over as Chair of the Board on 1 November 2023.

Mr Cameron brings extensive experience in both the financial services and property sectors. He is the current Chair of Heritage and People’s Choice as well as the Chair of Resolution Capital Ltd and Deputy Chair of icare (Insurance and Care NSW).

Mr Cameron was previously a Non-Executive Director of the Suncorp Group before being appointed as Managing Director and CEO in October 2015. He was also the former Chief Executive Officer of The GPT Group and was previously the Group Chief Financial Officer of the Commonwealth Bank of Australia.

As well as his extensive financial services experience, Mr Cameron brings strong M&A experience, recently overseeing the merger between People’s Choice Credit Union with Heritage Bank in March 2023. He has led major cultural and organisational transformations, delivered value creating growth initiatives, and implemented industry leading technology change programs.

Speaking on the announcement, Justine Hickey, Deputy Chair of the Board said, ‘I am thrilled to welcome Michael as the Chair of the Board of Directors. I know his extensive experience and passion for profit to member organisations will steer Equip Super through the next chapter of the fund’s growth trajectory.’

The fund has a stated strategic objective of growing in size and achieving further scale that offers a better experience and connection for its members and employers. Over the past seven years the fund has completed five successor fund transfers and a joint venture with Catholic Super, currently managing $32 billion in FUM for over 140,000 members.

Equip Super’s 9-person board is skills-based and consists of three Independent Directors, three Member Directors, and three Employer Directors. The Chair of the Board must be an Independent Director.

Speaking of his appointment, Mr Cameron said “I’m looking forward to joining one of Australia’s oldest superannuation funds, which has been equipping Australians for retirement for more than 90 years. Equip Super is in a unique position in the super industry, being a mid-sized fund with a strong profit to member ethos and I’m looking forward to working with the Board and Executive team in continuing to provide excellent outcomes for our members.”

The outgoing Chair, Danny Casey started at the fund as the Chair of Catholic Super in 2017 and was instrumental in leading the fund through the joint venture with Equip Super. Mr Casey served as the Independent Deputy Chair of the merged entity from October 2019, taking over the Chair position in July 2021.

Ms Hickey commented on the outgoing Chair, “I’d like to thank Danny for the tremendous job he has done as Chair of the Board of Directors. During his tenure he has successfully led the fund through a period of substantial growth and in particular the successful integration of the merger between Equip Super and Catholic Super which has delivered significant benefits to members of both funds. Danny has provided strong leadership and has developed a fund culture that delivers the best retirement outcomes possible for members through connection and commitment. We thank Danny for his service to our fund and wish him all the best for his future endeavours.”

Mr Casey said, “Michael joins a strong, skills-based Board featuring combined experience at the highest levels of organisational leadership. His perspectives and guidance will help the fund to continue to provide excellent outcomes for members, employers and the Equip Super team. I have enjoyed my time at the fund and wish Michael and all at Equip Super all the best for the future.”

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Anthony Angelucci

Leading super fund Equip Super, has announced the appointment of Anthony Angelucci as the new Head of Product.

Mr Angelucci brings extensive expertise in product development, strategic planning, and commercial management, gained through his distinguished career at renowned financial service organisations such as Mercer, AXA, Industry Fund Services, and KPMG.

Mr Angelucci spent seven years at Mercer with one of his recent positions being Head of Product, Strategy, and Member Experience at Mercer Super, the company’s Master Trust offering. He also held the position of Head of Strategy, Planning, and Delivery for Mercer Financial Services, leading the team responsible for strategy development, planning, project governance, and execution.

As Head of Product, Mr Angelucci will help to drive Equip Super’s Product strategy and roadmap. He will be reporting into Alexis Harrison, Chief Member Officer.

Speaking on the announcement, Alexis Harrison, said, ‘We are thrilled to welcome Anthony to lead our Product team. His knowledge will greatly strengthen our capability and enhance our offering, ensuring we provide the best possible outcomes for our members.’

‘Anthony’s experience leading cross-functional teams across superannuation, wealth management, insurance, and financial planning has provided him with valuable insights, which will benefit our team and ultimately our members and employers. His achievements showcase his exceptional capabilities, including leading teams through periods of significant change.’

Mr Angelucci’s hire follows the launch of Equip Super’s refreshed brand, which saw the fund consolidate and enhance its offer to members and positions the fund for further growth. It is a very exciting time for the fund, with the rebrand marking a new chapter, headlined by lower fees and improved investment options for members.

Prior to joining Equip Super, Mr Angelucci was employed at Hub24 as General Manager, Product Development.

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Andrew Howard

Equip Super members have been rewarded with positive performance achieved across all investment options in FY23.

Equip Super’s Balanced Growth investment option achieved remarkable results, securing a spot among the top 5 performing super investment options for the year ended 30 June 2023  – according to leading ratings agency SuperRatings’ SR50 Balanced (60-76) Index. The option delivered an impressive return of 10.1% during this period.

The Fund’s Balanced Growth and Equip MySuper investment options were both included in the Chant West top performing funds for the financial year.

Across the board, performance has been robust, with the higher growth options experiencing an exceptionally strong year. The Growth Plus option achieved a return of 14%, closely followed by the Growth option at 12.3%. Additionally, Australian Shares saw a substantial return of 14.2%, while Overseas Shares performed remarkably well, returning 18%.

“Our disciplined investment strategy delivered excellent results over the past year, driven by strong contributions from active management and astute asset allocation decisions,’ said Equip Super CIO Andrew Howard.

“Despite being underweight in high-performing US mega cap tech-related stocks, our international equity portfolio achieved strong returns. Additionally, our property asset class produced a positive absolute return, benefiting from higher exposure to industrial and healthcare assets. A higher weighting in infrastructure also contributed to double-digit returns.

“Throughout the year we have also taken the opportunity to increase our allocations to bonds and cash through trimming our equity exposure as share markets around the world continued to rise, allowing us to build our exposure to the traditional defensive asset classes as a result of the much more attractive yields on offer.’

Performance over the long-term has also been very competitive, with the Equip Super Balanced Growth investment option returning an average of 7.83% per annum over the 10 years to 30 June 2023.

“While we have navigated through recent challenges like rising interest rates, inflation, and recession concerns, our investment strategy is designed to navigate all market conditions. We focus on protecting members’ savings during downturns and maximising returns during market upswings. Our disciplined approach and diversification continue to deliver positive long-term returns for our members, regardless of short-term market movements.,” said Mr Howard.

Equip Super recently announced that the fund has enhanced its investment option lineup with the addition of two new options. The first is the Index Diversified option, the second is the refreshed responsible investment option, Future Focus, demonstrating a continued  commitment to sustainable and ethical investing practices.

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For over two decades, Julian has served as a director for many Australian and international companies, including, Australian Catholic Superannuation Retirement Fund, and Darwin International Airport.

In addition to his new position with Equip Super, he currently sits on the Boards of Australian Catholic University, Catholic Schools NSW, and Screen Canberra. He is also a graduate of Harvard Business School’s Leadership for Senior Executives course.

Chair of Equip Super Board, Danny Casey, lauded Julian’s addition to the Board.

“Julian brings a wealth of experience across many large companies, both domestically and abroad. He has successfully led organisations both within and outside the superannuation sector, and his insights will add to our Board’s ability to guide the fund through its next phase of growth.”

Equip Super’s 9-person board consists of three Independent Directors, three Member Directors, and three Employer Directors. The Chair of the Board must be an Independent Director.

“Julian joins a strong skills-based Board featuring combined experience at the highest levels of organisational leadership. His perspectives and guidance will help us continue to provide excellent outcomes for our members and employers.”

Julian commented on Equip Super’s proud history, “I’m excited to be joining one of Australia’s oldest superannuation funds, which has been equipping Australians for retirement for more than 90 years. It’s a pivotal time to be part of Equip Super as we look to build on the work of all those who have led the fund before.”

Julian’s appointment to the Equip Super board commenced on 1 July. Julian replaces Mr Jan Dekker, who has served on the Board since July 2016.

“We’d like to thank Jan for his invaluable service over the last 7 years. He has been a fantastic leader of this fund, contributing strongly to what we’ve achieved as a fund over his tenure and while he will be missed, we wish him the best in his future endeavours,” said Danny Casey.

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