Former RBA deputy governor Guy Debelle has joined the senior ranks of the $240 billion Australian Retirement Trust alongside Mark Burgess and Linda Apelt.
Dr Debelle said he was drawn to working in the superannuation sector because Australia needed “a hell of a lot more infrastructure” in renewables in the next decade, and super funds had the capital and long-term investment timelines to make that happen.last November following a bike accident. He remains on the board of FFI.
“... ART is and will be one of the largest players in the Australian financial landscape so that is a very attractive proposition [and] a consequential one.”But he said these investments were driven by returns, rather than the “nation-building” motivations put forward by Treasurer Jim Chalmers as part of his push to use superannuation savings to fund areas of public concern such as affordable housing and the energy transition.
The fund has since absorbed the Australia Post Super Scheme and Commonwealth Bank Group Super, and this month announced it was undergoing due diligence on a merger with AvSuper.
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