David Anderson

Australian Retirement Trust (ART), one of Australia’s largest superannuation funds, has announced the appointment of David Anderson as its next Chief Executive Officer following an extensive global search and selection process.

David brings to ART more than 30 years of experience in insurance, financial services and professional services having led teams in Australia, New Zealand, Asia, Middle East, Africa, Latin America, Europe, the United Kingdom and the United States.

Having spent the past 25 years with Mercer, David’s most recent role was global Chief Commercial Officer. Prior to this role, David was President, International with responsibility for all of Mercer’s clients and teams in more than 175 cities and 42 countries outside the United States and Canada. For the past nine years, since he left Australia, David has been based in New York and London where he gained invaluable global experience in retirement savings, employee benefits and investments.

Chair of Australian Retirement Trust, Andrew Fraser, said the appointment comes at an important time for the Fund as it delivers its next phase of its vision to be Australia’s most chosen and trusted retirement partner.

“With a changing superannuation landscape, this an exciting time for Australian Retirement Trust and we believe David Anderson will be an exceptional leader to steward the fund and our people on behalf of our 2.3 million members.

“The Australian Retirement Trust Board believes David’s experience and capabilities, global as well as local perspective, leadership style and values will enable him to be an outstanding CEO of ART.

“As one of Australia’s largest funds we’re committed to growing and guarding the retirement savings of all members, who entrust us with their superannuation.”

Commenting on the appointment David said: “I am delighted to be returning to Australia to join Australian Retirement Trust. It will be an honour to lead an organisation that has carved a legacy as one of the largest retirement savings and income funds in Australia.

“ART has been putting members’ money to work both locally and globally, aiming not just for financial success but for a secure, confident and dignified retirement for their 2.3 million members. I’m excited to contribute to this mission and to bring my global experience to the table to benefit the ART team and their members.”

David Anderson’s appointment comes three months after outgoing CEO Bernard Reilly’s resignation.

Mr Fraser thanked Bernard Reilly for his leadership and commitment to the fund over his tenure as Chief Executive Officer.

“Bernard was integral to the successful delivery of the largest and most complex superannuation merger in Australian history to form Australian Retirement Trust and will leave a lasting legacy for our members. On behalf of the Board and executive team I thank Bernard for his unwavering commitment to acting in our members best interests,” Mr Fraser said.

David will be based in Brisbane and will formally commence in the role of CEO in March 2024, upon the conclusion of Bern’s announced departure at the end of February 2024.

Bernard and David will work together to ensure a smooth transition in the coming months.

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Bernard Reilly

The Australian Retirement Trust (ART) Board has announced that Bernard Reilly has informed them of his intention to leave the Fund in February 2024, two years after executing Australia’s largest superannuation merger.

Australian Retirement Trust’s Chair Andrew Fraser thanked Mr Reilly for his leadership and paid tribute to the organisational culture he will leave behind.

“Bern will leave an incredible legacy, having played an integral role in delivering Australia’s largest superannuation merger to create Australian Retirement Trust back in February 2022,” said Mr Fraser.

“Bern has expertly guided Australian Retirement Trust to deliver merger benefits to our more than 2.3 million members and grow funds under administration to more than $260b. But I think the thing Bern should be proudest of, and a true testament to his leadership capabilities, is the culture he has helped grow across our organisation.”

Outgoing ART CEO Bernard Reilly said he will forever be honoured to have been ART’s inaugural CEO.

“This has been an enormous decision for my family and me, but I know that I am stepping away at the right time for Australian Retirement Trust,” said Mr Reilly.

“I will leave behind a highly experienced and talented executive team who at the core have a commitment to serve Australian Retirement Trust’s more than 2.3 million members.

“This is an exciting time, as Australian Retirement Trust enters its next chapter as one of Australia’s leading superannuation funds, I’m excited to continue watching the Fund grow as one of its members.”

ART has appointed Egon Zehnder to commence a global executive search for a new CEO. Mr Reilly will remain as the Fund’s CEO until February 2024, marking two years since the merger.

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Current State Manager Andrew Fraser moves into a newly created role of National Manager for Strategic Sales, reporting to Shane Muscat.

Mr Hraiki has almost 20 years’ experience in financial services in senior leadership roles managing state and national sales teams, most recently at IOOF where he held the role of National Manager of Advice Relationships. Mr Hraiki has also held roles at DKN Financial and the Australian Stock Exchange, focusing on adviser recruitment and education; and Rubik Group, where he held the role of Sales Director.

Commenting on the new appointments, HUB24’s Head of Retail Distribution, Greg Newman, said: “We are pleased to welcome Marc Hraiki to our company, and we look forward to leveraging his extensive experience leading state and national sales teams across platforms, asset management and advice.

“Given the strong pipeline we have in the institutional space we are pleased to have Andrew Fraser move across into this newly created role where he can leverage his many years of experience in the platforms space to build new relationships in this segment,” he added.

The appointments of Mr Hraiki and Mr Fraser follow the also recently announced appointment of Mark Goodrick as HUB24’s new Chief Financial Officer (CFO). Mr Goodrick will commence in his role in December this year.

The fastest growing platform

HUB24 continues to outperform as the fastest growing platform provider in the market, with overall market share now reaching 1%, and has achieved inflows over 18 times current market share which is the highest growth in the industry.

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