CRO steps up at Catholic Super

Following a leadership restructure, Catholic Super chief risk officer David O'Sullivan has stepped into the role of acting chief executive officer (CEO). He replaces long-serving CEO Frank Pegan.

The fund said that the new leadership team, headed by O'Sullivan, has been established to "drive Catholic Super forward while an international search for a new CEO is underway".

Commenting on the restructure, Catholic Super chair, Danny Casey, said: "The Board is confident the new team will continue to deliver the very strong financial performance members expect, while sharpening our focus on all aspects of governance."