VicSuper, First State Super to merge; Dundon to be deputy CEO

Michael Dundon
MICHAEL DUNDON
Aware Super - Deputy CEO
DEPARTURE
VICTORIAN SUPERANNUATION FUND
Date: July 2020
Position: Chief Executive Officer
APPOINTMENT
Aware Super
AWARE SUPER
Date: July 2020
Position: Deputy CEO

If the merger of VicSuper and First State Super goes ahead, current VicSuper CEO Michael Dundon will become the Deputy CEO for the $125 billion fund.

First State Super CEO Deanne Stewart will become CEO of the organisation, which will have more than 1.1 million members.

Said Dundon of the merger, "We are delighted to be making this announcement. With support from the VicSuper Board, I initially approached First State Super to discuss the idea of a merger because we wanted to find a way to access the benefits of scale to improve outcomes for VicSuper members. Our merger is going to generate significant benefits for the members of both funds, and I look forward to playing an ongoing role as we bring the funds together. "