Equip CEO to step down following joint venture with Catholic Super

Equip Super and Catholic Super have jointly announced that Nicholas Vamvakas will step down as chief executive officer of Equip Super following the appointment of Scott Cameron as chief executive officer of both funds, effective September 2019. David O'Sullivan, who has served as Catholic Super's acting CEO for 14 months, will also step down.

The two organisations are joining forces to create one of Australia's largest not-for-profit superannuation funds, they said. Cameron will take up his position at the two funds in September 2019, before heading the joint company when it begins operating in October.

Vamvakas was appointed as Equip's CEO in July 2017 having acted in the role for 12 months. He joined the fund in June 2014 as chief risk officer and previously held the same role with ME Bank.

In acknowledging his service to the fund, Equip Super chair Andrew Fairley said: "Nick deserves praise and recognition for his tireless efforts over the past five years plus, which have built such a strong base for Equip Super."