AUSTRALIA - Neil Cochrane, chief executive officer of the A$6.5bn REST Superannuation, is to leave the fund in the coming months, Global Pensions can exclusively reveal.
Cochrane took on the role of CEO at REST in September 2001. He told Global Pensions he was as yet unsure who would succeed him.
REST was established in 1998 and with more than 1.4 million members, is the biggest superannuation fund in the country by membership.
While at REST, Cochrane has overseen a number of developments at the fund, including the launch in 2002 of Acumen, a corporate superannuation solution, and an allocated pension.
Cochrane has more than 24 years’ experience in business and investment, having held positions in merchant banking, stockbroking and asset management in his native South Africa before moving to Sydney, Australia in 1989 and joining AMP.
After five years, he moved to Colonial Investments in Melbourne as director of business development.
He moved back to Cape Town in 1996 where he was CEO of Franklin Templeton NIB Investments, among other roles, before returning to Australia to join REST.
REST offers11 DC investment options, including cash plus, capital stable, balanced, diversified, high growth, cash, bonds, shares, Australian shares, OS shares and property.
In the year to 31 December 2005, Australian shares posted the highest return of 19.25%, while bonds posted the lowest (4.95%).
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