Super fund GM resigns

The general manager of superannuation and retirement solutions at a $57 billion industry fund has resigned, with the hunt commencing for a replacement.

Rest has confirmed the resignation of Edward Salloum who has signaled his intention to retire at the end of the month.

Salloum has held the role of general manager, super and retirement solutions since April this year, prior to which he was head of product for two years. He has also previously worked on Rest's corporate super products.

Commenting, Rest group executive product and operations Brendan Daly said: "Ed has been a very valuable part of Rest team during the past four years, providing great leadership and expertise."

"Most recently, he led the fund's successful response to the Protecting Your Super package which led to tens of thousands of impacted members opting to retain their insurance."

Salloum has more than 30 years' experience in financial services, having begun his career at Lumley Life (since acquired by TAL) in 1987.

Over the years, Salloum has held roles with Perpetual, AUSMAQ, Commonwealth Bank and ANZ Wealth.

Daly said Salloum can be rightly proud of his contribution to the industry and wished him all the best in retirement.

"We look forward to finding the right person to carry on Ed's work to continually improve our products and services to ensure they provide the best member and employer experiences," he added.

Rest is currently recruiting for the role.

In a separate move last week, the super fund announced a restructure of its investment capabilities and plans to hire its first chief investment officer.

Read more: ANZ WealthAUSMAQCommonwealth BankEdward SalloumLumley Life
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