ART names next CFO

Phil Fraser has been appointed as Australian Retirement Trust’s (ART’s) next chief financial officer (CFO), the super fund has announced.

Fraser currently heads ART Life, the super fund’s dedicated life insurance arm (formerly QInsure, the insurance division of QSuper prior to the formation of ART in 2022), joining the firm in 2018.

Fraser has notched up more than 20 years’ experience in the financial services sector, including stints at UK pensions scheme provider Standard Life, Great Southern Bank and QSuper, which merged with SunSuper in 2022 to form ART.

ART chief executive David Anderson welcomed the promotion of Fraser “as an important appointment” for the fund as it enters the next phase of its strategic growth.

“I’m excited to welcome Phil to Australian Retirement Trust’s executive committee. I know he will help set our fund up for future success,” Anderson said.

Fraser replaces Anthony Rose in the CFO role, whom ART disclosed will depart the business at the end of September “to explore other opportunities”. Rose joined ART at the end of 2021.

The pair will engage in a transition phase through September, with Fraser formally commencing in the role on 1 October.

Rose was formerly managing director of Credit Suisse Australia’s financial institutions group, and prior to this held several executive positions at the Bank of Queensland, including CFO, chief operating officer and interim chief executive, across his seven years with the bank. He was also CFO at Suncorp Bank.

Anderson recognised the outgoing CFO’s role in “[strengthening] our financial resilience” and “passion for delivering great member and stakeholder outcomes”.

“On behalf of all my colleagues, I thank Anthony for his considerable contribution to ART and wish him all the best for the future.”

Matthew Finney will step in as interim chief executive of ART Life following Fraser’s appointment.

ART, Australia’s second biggest super fund, counts around 2.4 million members and oversees more than $300 billion in member funds.