KPMG’s Fahy to be new ASFA CEO

06-Sep-2016

By Sarah Kendell

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The Association of Superannuation Funds of Australia (ASFA) has announced KPMG partner Martin Fahy will replace Pauline Vamos as the association’s chief executive.

Fahy, who has consulted with myriad financial services industry stakeholders across investment banking, wealth management and super during his time at KPMG, will begin in the role on 1 November, until which time TAL’s Jim Minto will continue as interim chief executive.

He also has significant experience in industry associations, having been the chief executive of the Financial Services Institute of Australasia from 2007 to 2011, and also overseeing Asia-Pacific strategy and development for the Chartered Institute of Management Accountants.

Vamos, who headed up ASFA for nine years, stepped down from the chief executive’s role in July.

Commenting on the appointment, ASFA chairman Michael Easson said he expected Fahy to lead the association into its next period of growth.

“Martin has a deep understanding of the issues and challenges facing the superannuation industry and will bring the considered, evidence-based policy insights that can help shape the long-term success of superannuation in Australia,” Easson said.

Easson also thanked Minto for his willingness to lead the organisation through what was a “critical time for superannuation”, following the government’s proposed changes to tax concessions in the May budget.

Meanwhile, Fahy expressed excitement at his new appointment and the opportunity to improve retirement outcomes for fund members.

“I’m energised and excited at the prospect of working with the board and staff of ASFA to deliver better outcomes for superannuation members and helping to inform and shape the super landscape as we enter a new policy era,” he said.

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