Rosemary Vilgan has been appointed for a five-year term.
The Guardians of NZ Superannuation has announced that Rosemary Vilgan has been appointed to its board from October 1, for a five-year term.
“The NZ Super Fund is projected to reach $70 billion of assets under management within the next decade. Rosemary brings a wealth of international investment fund experience and will help the Guardians to scale up as the fund grows to that size,” chair Catherine Savage said.
“Rosemary’s deep experience in the Australasian investment sector brings a unique perspective to the Guardians board and we look forward to her joining the team.”
Vilgan is chair of the Commonwealth Bank Group Staff Superannuation Fund and chair of the Federal government’s Safety, Rehabilitation and Compensation Commission (stepping down in October), a member of the Cambooya Investment Committee, the Advisory Board for the Committee for Brisbane, and a member of various Queensland University of Technology (QUT) committees.
Vilgan says: “Since inception, the NZ Super Fund has achieved strong results and is well-placed to meet its mandate of smoothing the future cost to taxpayers of providing universal superannuation.
“Most recently the fund has met the challenge of market turmoil caused by the Covid-19 crisis and is set up to deliver strong results over the long term.
“My background is in supporting large institutional investors as they go through periods of change and I will be drawing on that experience to ensure the Guardians is set up to take advantage of the opportunities in front of it.”
Vilgan was the chief executive of QSuper from 1998 until late 2015. She was awarded an honorary doctorate by QUT for her services to the University, which included 12 years as a councillor; she was also granted life membership of the Association of Superannuation Funds of Australia (ASFA) for her services.
She has held a variety of other business and not-for-profit positions over her business life and, in recognition of her career, was named the 2013 Telstra Australian Businesswoman of the Year. She holds qualifications in business and superannuation and is a Fellow of both the Australian Institute of Company Directors and ASFA as well as a member of Chief Executive Women.
Vilgan replaces Stephen Moir who is rotating off the board having served since 2009.
This is supplied content and not commissioned or paid for by NBR.
Note: Rosemary Vilgan’s appointment was confirmed prior to the current pre-election period.
* Guardians board members are appointed by the Governor-General on the recommendation of the Minister of Finance. The minister’s recommendation follows nominations from a committee, independent of the Guardians, which is established by the minister. On receiving those nominations, the minister consults with representatives of other political parties in Parliament before recommending the Governor-General appoint a person to the board.
