Who runs AUSfund?


AUSfund is managed by a small, skilled and dedicated team of board members and executives who ensure that the fund is well managed while remaining focused on the key goal of reuniting members with their lost superannuation accounts.

AUSfund, an Eligible Retirement Fund (ERF) is run by the trustee company – Industry Funds Investments Limited (IFI):

IFS provides the underlying key shared services to IFI such as compliance, communications and resource management.

IFI Directors

Sandy Grant (Chairman since 2009)

Sandy has worked in the superannuation and financial services industry for more than 40 years.

He has previously held senior managerial roles with the Colonial Mutual Group and served as CEO of a major industry super fund. He is also a former managing director of Industry Fund Services (IFS).

Sandy has held numerous board positions including ME Bank, and was a member of the panel for the Government’s Super System Review and formerly Chair of CareSuper.

Paul Faure (Board Member since 2011)

Paul is a partner of Holding Redlich Lawyers, practicing as part of the firm’s Corporate and Commercial group.

He has over twelve years experience in advising industry superannuation funds on a broad range of legal issues including the acquisition and divestment of unlisted investments; investment structuring; registered and unregistered investment schemes; manager mandates; administration agreements and custodian agreements.

Paul also regularly provides advice to trustees in respect of successor fund transfers, corporate governance and regulatory compliance.

Linda Rubinstein (Board Member since 2013)

Linda was the Chair of the Australian Government Employees Superannuation Trust (AGEST) until its merger with AustralianSuper in 2012.

She has been a union nominee to the board of HOSTPLUS and an ACTU nominee to the Board of Cbus and is currently a board member of IFM Investors and Superpartners Pty Ltd.

Linda also has a part-time role with Holding Redlich where she is the firm's National Pro-Bono Manager. From 1995 until 2004 she worked at the ACTU, where her responsibilities included industrial legislation and superannuation.

Michael Migro (Board Member since 2012)

Michael has had over 35 years of experience in funds management and financial services, both in Australia and the USA.
His significant leadership responsibilities include Head of Business Strategy, BT Funds Management; Joint Managing Director, Westpac Financial Services; CEO, Perpetual Funds Management and Principal Global Investors Australia; and most recently in the USA as COO, Principal Global Investors and President and Chief Operating Officer, Post Advisory Group LLC.

Michael also currently serves on the Investment Committee of the Steve Waugh Foundation Australia and is a board member of IFM Investors.

Robbie Campo (Board Member since January 2014)

Roberta is Deputy Chief Executive at Industry Super Australia and has led ISA's policy campaign around the financial advice reforms and has worked with funds on the facilitation and development of advice services (particularly intra fund advice). She has worked at ISA/IFS since 2000, and in that time has worked in various roles including managing AUSfund, running the Joint Funds Marketing Campaign, regulatory liaison and strategic planning.

Robbie has a Bachelor of Laws (Hons), Graduate Diploma in Applied Finance and Investment, Bachelor of Arts and Bachelor of Education.

Cath Bowtell (Board Member since January 2014)

Cath has worked for many years in senior roles in the superannuation industry and the union movement. She was Chief Executive of AGEST Super from November 2010 until July 2013. Cath also served as Senior Industrial Officer at the ACTU from 1995 until 2010. Prior to this role, Cath was Assistant State Secretary at the National Tertiary Education Union. Cath was also Candidate, Federal Seat of Melbourne, Australian Labor Party from September 2012 to September 2013.

Cath has held a number of Directorships and committee positions including Director, AGEST; Director, AustralianSuper; Member, Industry Super Network Advisory Committee; Member, Workplace Relations Minister's Consultative Council; Member, Centre for Employment and Labour Relations Law Advisory Board, University of Melbourne and Member, North Melbourne Legal Service Committee of Management. Since October 2011, Hon President, Australian Labor Party, Victorian Branch.

Cath holds a Bachelor of Arts and Bachelor of Laws.

IFI Executive Officers

Lucille Bennetto (Executive Manager, Risk and Compliance since April 2013)

Lucille is a qualified lawyer, who has worked in a number of roles as in-house legal counsel and/or as head of the risk and compliance function in the financial services sector, including at Australian Unity, Colonial, Aviva.

She holds a Bachelor of Jurisprudence and a Bachelor of Laws.

Ned Meehan (Chief Financial Officer since December 2009)

Ned has over 15 years financial services experience initially working in public practice (Ernst & Young) and banking (ME Bank) and has held his current role as Chief Financial Officer of IFS since December 2009.

Ned also holds a Bachelor of Commerce degree from the University of Melbourne and is a member of the Institute of Chartered Accountants in Australia and the Australian Institute of Company Directors.

David Vernon (General Manager since January 2012)

David is the General Manager of IFI/AUSfund and is responsible for the overall management of the fund and provision of advice to the Board. David has been employed at Industry Fund Services group, the parent company of AUSfund, since July 2006 and has been General Manager since January 2012.

David has worked in financial services for almost 40 years and has extensive Australian and international financial services experience. He has held senior executive management positions in both public and private sector superannuation, including several years advising industry super fund trustee boards during their establishment in the late 1980s and early 1990s. Internationally, as Head of International Business Development for a major financial services group, he led development and establishment of a pensions business in Hong Kong, consulted to the Government of the People’s Republic of China (PRC) on reforming their pension system and was successful in gaining Chinese Government approval to establish a JV funds management business in the PRC. David also led and managed pensions and related financial services projects in Indonesia and Thailand.

David has an Advanced Diploma of Financial Services (Financial Planning).

* SMI and IFI are wholly owned subsidiaries of Industry Fund Services.

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