Super fund chief executive to retire

The chief executive of one of Australia's largest corporate superannuation funds is retiring and the fund is hunting for a replacement.

Doug Carmichael is slated to retire in June end after nine years of leading Commonwealth Bank Group Super. The news was confirmed in an update shared with CBA employees last week.

The fund has now commenced the search for Carmichael's replacement.

Carmichael led the super fund's trustee services team which is responsible for helping the trustee board develop and execute strategies to improve member's satisfaction and financial well-being, grow the fund and retain members.

He was appointed the chief executive in 2010. He is a founding director of a non-profit aimed at improving the trade and investment between Australia and Canada, called the Canadian Australian Chamber of Commerce.

CBA Group Super appointed Ruwanie Dias as the chief investment officer last year, replacing Gerard Parlevliet who retired in 2017.

Acting in the chief investment role since March 2017, Ruwanie Dias was promoted in July 2018 to permanently oversee the $11 billion fund's investments.

The 102-year-old fund was previously called the Officers Superannuation Fund. It now oversees retirement savings, pensions and insurance requirements for roughly 74,000 current and former employees of the group and their families.

Read more: Ruwanie DiasCanadian Australian Chamber of CommerceCBA Group SuperCommonwealth Bank Group SuperDoug CarmichaelGerard ParlevlietOfficers Superannuation Fund
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