Equip Super and Catholic Super name one CEO for both funds

Equip Super and Catholic Super have jointly announced the appointment of Scott Cameron as chief executive officer of both funds. 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.

Cameron is chief executive of Computershare in Australia and New Zealand, a member of Computershare's global leadership team and a former partner with Ernst and Young.

Equip Super chair Andrew Fairley said of his appointment: "Mr Cameron has experience of significant acquisitions, growth and expansion, he has integrated operations and employees across multiple worksites. His experience of digital and advanced technology will also be an invaluable asset to the growth of the new combined fund."

Catholic Super chair Danny Casey added: "Mr Cameron has extensive experience building both business-to-business and business-to-consumer operations, along with a talent for team creation and innovation. His proven skills will be essential as we pursue our vision to create Australia's first house of superannuation brands."

The Equip Super and Catholic Super joint venture's structure maintains both superannuation brands, the funds said. At completion, the joint venture will have a combined funds under management of $26 billion.

The merged trustee board will feature twelve members in total - seven from the existing Equip Super board and five from Catholic Super. It is scheduled to begin in October. Under the terms, Mr Fairley will be the initial chair and Mr Casey will take on the role of deputy chair. A full merger is planned following a successor fund transfer at end of 2020 and both brands will be maintained.

In acknowledging the service of Equip Super's CEO, Nicholas Vamvakas, 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."

Of David O'Sullivan, who has served as Catholic Super's acting CEO for 14 months and will return to the role of chief risk officer, Casey said: "He has guided our way into this merger and we are very grateful for his contribution, one which always put the interests of members first."