Ian Martin, a director at $44 billion Australian superfund Unisuper, is set to take over as chairman from Chris Cuffe, who is retiring on 30 June.
Martin joined UniSuper’s board as an independent director in April 2013. A former chief executive of BT Financial Group and global head of investment management at Bankers Trust Corporation, he is currently chairman of Argo Investments and Argo Global Listed Infrastructure, as well as vice-chairman for the Asia Pacific region at Berkshire Capital.
Martin is replacing Cuffe, who will remain on UniSuper’s investment committee as a non-director member. Cuffe has been a director at the super fund for more than a decade, serving as its chairman for the last six years.
UniSuper’s board has also appointed Mark Armour as an independent director. The institution said Armour will bring his experience in fund management and financial services to the pension, having held senior roles in the past including head of the European business of Invesco, chief executive of Invesco Australia and CEO of funds management at AXA Australia. He will join the fund on 1 July.
UniSuper, one of Australia’s largest supers, manages assets on behalf of 400,000 higher education and research employees. It currently has about A$9 billion deployed into infrastructure assets including Sydney, Adelaide and Brisbane airports, Transurban Group, APA Group, Victoria’s Desalination Plant, Axicom and the Victorian Comprehensive Cancer Centre.
Last year, it extended its investment in Sydney’s Prospect Water Filtration Plant, one of the world’s largest water filtration facilities, for a further 14 years to 2035.