Industry Super Australia Chief Executive David Whiteley will soon leave the organisation to take up a position with IFM Investors, it has been announced.
Industry Super Australia (ISA) Chair Peter Collins said that David Whiteley had turned the organisation into the most effective financial services advocate during his 12 year tenure.
“Under David’s stewardship, ISA has developed into what is indisputably the best policy, lobbying and campaign organisation in our industry, perhaps the best in any industry,” Mr Collins said.
“His leadership and unrelenting focus on good public policy has made life better for millions of Australians.”
“ISA led the public campaign to clean up the financial advice industry and provided the policy grunt for what would become the Future of Financial Advice (FoFA) laws. ISA then stopped these laws being watered down by the incoming Abbott Government, in the face of relentless lobbying by the banks.”
“ISA led the campaign to retain the Low Income Super Contribution (LISC) while David and his team successfully saw off attempts to diminish the governance of industry super funds and make them more like banks.”
“David led trade delegations overseas which helped globalise industry super funds investments and oversaw the award winning ‘Compare the Pair’ marketing campaign showcasing Industry Super Funds outperformance. This helped Australians understand how their superannuation returns can significantly impact their final nest egg, and the increased membership and scale that comes from it has allowed Industry Super Funds to deliver the best possible member returns.”
“On behalf of the board and ultimately on behalf of our six million members, I thank David for his unswerving focus on evidence based public policy and for his incredible leadership.”
Industry Super Australia expects Mr Whiteley to take up the new position in September. Comment by Mr Whiteley was not included in the statement by ISA. Details of the replacement search, or if an acting Chief Executive would be appointed, were not provided.