ART appoints new chair

Oksana Patron

4 October 2022

Australian Retirement Trust (ART), the $200 billion dollar superannuation fund formed from the merger of Sunsuper and QSuper, has announced the appointment of Andrew Fraser as its new chair of board, effective from mid-October, following the departure of Don Luke who will step down at the end of his term.

Fraser was appointed as an independent director of Sunsuper in 2015 and as Sunsuper chair in 2018. He has also served on the ART board since February following the merger.

In his new role, he would “steward the fund through its next phase of integration and growth”, the company said.

“Don’s contribution to Australian Retirement Trust, and to QSuper and Sunsuper prior to the merger, is peerless. He is an outstanding individual and I’ve been grateful to work with and for him. I know my colleagues wish him all the very best as he moves into the next phase and look forward to celebrating his achievements and service in coming months,” Fraser commented.

Luke was previously chair of QSuper and served as chief executive of Sunsuper for more than a decade.

Australian Retirement Trust CEO, Bernard Reilly, said: ““Don Luke was integral to the successful delivery of the largest and most complex superannuation merger in Australian history to form ART, leaving a lasting legacy for ART’s two million members. On behalf of the Board and executive team I thank Don for his unwavering focus and commitment to acting in our members best interests.”

Luke would remain an independent director until the end of his term on 30 November 2022.