THE building and construction industry superannuation fund Cbus has appointed Justin Arter as the new CEO.
Arter’s appointment comes at a critical time for the $54 billion fund, which is in discussions to merge with its sister Media Super, to create a $60 billion entity.
Cbus Super Chair Steve Bracks said Arter had a wealth of international executive leadership experience to bring to the task of protecting and growing the retirement savings of Cbus members.
“Justin Arter is an executive with a global reputation. Given the growing sophistication of Cbus’ investments and leading position in providing products and services to improve the retirement outcomes of our members, Arter is well placed to build on our strong foundations to guide the next period of Cbus’ journey.” Bracks said.
He is an independent consultant currently assisting the institutional arm of ANZ bank in its efforts with industry superannuation funds. Prior to consulting to ANZ, he spent 2.5 years in London with BlackRock as head of the institutional business for the UK, Middle East and Africa. He joined BlackRock in 2012 as country head for Australia.
Prior to BlackRock, Arter was CEO of Victorian Funds Management Corporation (VFMC) from 2009 to 2012.
Prior to VMFC, she had an 18-year career with Goldman Sachs JBWere, and its predecessor organisation JBWere, where he was an equity analyst and market strategist, and served on the board, management and risk committees.
Justin is a graduate of the University of Melbourne with degrees in Law and Commerce and attended the Advanced Management Program at the Wharton School at the University of Pennsylvania in 2005.
Arter said he was looking forward to starting work at Cbus.
“Cbus has a proud history and strong member focus as a leading industry super fund. I am incredibly excited about leading the Fund into the next stage of its journey and to continue its success in maximising the retirement futures of its 750,000 hard-working fund members,” he added.
Bracks also paid tribute to outgoing CEO David Atkin.
“David’s stewardship of Cbus has been a remarkable achievement. Everyone at the fund wishes him the very best and congratulates him on his highly successful leadership over a sustained period of time,” he concluded.
