AIST Board adds ex-Federal Treasurer, AustralianSuper exec

Yasmine Raso

Senior Journalist, Financial Newswire

22 April 2022

The Australian Institute of Superannuation Trustees (AIST) has appointed former Federal Treasurer and Deputy Prime Minister, Wayne Swan, and AustralianSuper’s Group Executive for Strategy, Reputation & Corporate Affairs, Sarah Adams, to its Board.

Swan, also the Chair of Cbus Super, and Adams joined the Board from 1 April, filling the vacancies left by the resignations of Sonya Beyers from BUSS(Q) and Louise du Pre-Alba from AustralianSuper.

AIST President, Catherine Bolger, welcomed Swan and Adams as the Board’s new additions and thanked Beyers and du Pre-Alba for their contributions.

“It’s a privilege to welcome two more high calibre directors to our Board as we continue to navigate the organisation through the challenges of a world impacted by the pandemic while continuing to set it up for success in the future,” she said.

“I can personally attest to how important the support, guidance and contribution of my fellow directors has been, particularly over the last two years due to COVID-19.”

Eva Scheerlinck, the CEO of AIST, said she was looking forward to working with the new directors and applying their experience and skills to effecting policy change on behalf of members.

“Wayne brings political, policy and economic expertise developed over 25 years in Parliament, including the lessons of helping manage the Australian economy during the global financial crisis as Treasurer,” she said.

“As Chair of the Caucus Economics Committee in 1993 he participated in the development and legislating of the Superannuation Guarantee (SG) and, as Treasurer from 2007 to 2013, he legislated the increase in the SG from 9% to 12%.

“In her current role Sarah is responsible for setting the strategic direction of AustralianSuper and considering how it can advocate for its members to help them achieve their best financial position in retirement, which aligns perfectly with AIST’s objectives.”