VicSuper director joins First State Super board following merger

VicSuper's Patricia Faulkner has joined the board of the newly-merged VicSuper and First State Super. The fund, representing more than 1.1 million members with more than $120 billion FUM, has combined the board as part of their merger.

"This merger truly puts our members first," said First State Super CEO Deanne Stewart. "Delivering significant benefits to members of both funds and building on our shared heritage, values and strengths.

"Both funds are top-performing funds and believe deeply in the importance of investing in a responsible and sustainable way. Together we will leverage our combined scale to invest in ways that strengthen our community and the economy while continuing to deliver strong, sustainable long-term returns for our members.

Faulkner joined the board of VicSuper in 2017 and holds several other directorships including with the Committee for Economic Development Australia, Catholic Professional Standards, and the CEO Advisory Panel at CBA.

She is joined by Gabrielle Bell, Antoinette Masiero, and Travis Bates on the new board. Sue Carter and Rod Harty have stepped down from the First State Super board.