Cbus appoints chief exec

Cbus has appointed former BlackRock country head Justin Arter as their new chief executive officer.

Arter left BlackRock Australia in 2016 for a role with the organisation in London. He returned to Australia earlier this year and has been consulting with ANZ.

"Justin Arter is an executive with a global reputation," said Cbus chair Steve Bracks. "Given the growing sophistication of Cbus' investments and leading position in providing products and services to improve the retirement outcomes of our members, Mr Arter is well placed to build on our strong foundations to guide the next period of Cbus' journey."

Before his time with BlackRock, Arter was the chief executive for VFMC and the managing director for Goldman Sachs JBWere in Australia.

"Cbus has a proud history and strong member focus as a leading industry super fund," said Arter. "I am incredibly excited about leading the Fund into the next stage of its journey and to continue its success in maximising the retirement futures of its 750,000 hard-working fund members."