"They remember the way you made them feel": Q&A with Trish Donohue as she prepares to depart Cbus

This week Cbus announced the upcoming departure of its founding investment team member, Trish Donohue. Following a mammoth 17 years with the fund, Trish tells Industry Moves why it's time to move on and hints at what she might do next. She also speaks of the "humbling experience" of working in the superannuation industry, pays tribute to some memorable Cbus colleagues, and offers some wise parting words for young professionals entering the investment space.

PATRICIA DONOHUE

This week Cbus announced the upcoming departure of its founding investment team member, Trish Donohue. Following a mammoth 17 years with the fund, Trish tells Industry Moves why it's time to move on and hints at what she might do next. She also speaks of the "humbling experience" of working in the superannuation industry, pays tribute to some memorable Cbus colleagues, and offers some wise parting words for young professionals entering the investment space.

Why is it time for you to leave Cbus?

It would be easy to continue on as I've loved working at Cbus; I love the people here and what we do. But as we all do from time to time, I've been thinking more about the 'where to next'. It's also the right time for Cbus. I have been so lucky to have been able to lead the investment area through many challenges and new approaches over nearly 18 years. We are now on a brand new exciting investment journey and it's the right time for me to pass on this leadership to others. David Atkin, our CEO, and the Cbus Board have been really supportive of me over the years and I am grateful for all that support. I'm leaving Cbus at a good time.

...and what's next on the cards for you?

I'm looking forward to having the time and headspace to think about what's next. I don't want to rush into something, but I am keen to stay connected with this industry, and may consider internal options or board roles.

What was one of the initial challenges in setting up the firm's investment team as the founding member?

I was starting from scratch, so the initial challenge was knowing when to grow the team and the types of roles I needed to add at different points in time. More recently, it's also been about bringing more of the investment decision making in-house and now really expanding the in-house investment capabilities.

What have you learnt from working alongside CIO Kristian Fok over the last 17 years?

Kristian and I ultimately share the same values and visions in respect of Cbus, and its investment strategy - and this has driven the success of our partnership model. We have complementary skills and different approaches, however we respect each other's views and know that we are working towards the same objective.

In 2016 the board approved yours and Fok's plan to bring the investment team in-house. What has been the biggest challenge faced in introducing 55 new investment professionals to your team?

The combined team has grown from around 35 to 60 people in a year with new people starting every month. One of the biggest challenges has been finding the right balance between skills and experience and most importantly a fit with the culture and values of Cbus. It's not always as easy as it sounds, but we have recruited a lot of very talented people over the years.

What changes do you feel have been the most significant for super fund members over the last 17 years?

Super funds, especially funds like Cbus, have gone through substantial changes in terms of size, regulation, how they're run and the sophisticated teams they have in place across many functions especially investments. So our members can be confident their super fund really is acting in their best interest in managing their retirement funds over the long-term.

What has been the highlight of your career so far?

It may sound trite, but Cbus is a great place to work. I rate the people I have worked with very highly, and there is a strong level of care across the fund. I have made many friends here and those friendships will continue.

Who has been one of your most memorable colleagues at Cbus and why?

There are many people who I have had the privilege of working with over my years at Cbus who are very memorable. To name a few, I'd start with the late Phil Spathis (IFS Legal and ACSI) - inspirational, smart, kind, and fun - I miss him dearly. The late Mavis Robertson who was chair when I started at Cbus - a formidable, passionate women who deeply cared about others and who was an extremely strong advocate of women. Angela Thurstans - who I have worked with the whole time at Cbus - she is a great friend and colleague, incredibly smart and determined, and she cares deeply about the fund and the outcomes for members.

What's the best piece of advice that you have received?

It's a frequently used quote but one I truly believe in - people don't always remember what you tell them, but they remember the way you made them feel.

What advice would you offer to an industry newcomer in the investment space?

While super may not seem as exciting as some other areas in the broader investments sector, in Australia we are a world leader with what we're doing especially in the unlisted infrastructure and property space over many years. Put super funds on your list of potential employers - the ability to help all workers out there look forward to a decent retirement is a humbling experience - one that I have been absolutely privileged to have been part of.

If you hadn't of spent the last 17 years in finance, what do you think you would have done?

If money was no object I would have been travelling the world.