Cbus is pleased to announce the appointment of Ms Kara Keys and Mr Ray Sputore to the Board of Directors.
Board Chair Steve Bracks said the two directors bring a wealth of diverse experiences to the Board.
“Cbus is thrilled to welcome Ms Keys and Mr Sputore to the Board and looks forward to harnessing their diverse experience as we continue our focus on improving retirement outcomes for our members,” Mr Bracks said.
“Cbus has delivered yet another strong double digit return for our members of 10.95% for our Growth (Cbus MySuper) option for the last financial year* and we are looking to build on that success through a significant internalisation of investment management.
“It’s an exciting time and I am confident that our new directors will play their part in ensuring Cbus remains an innovative leader in the industry.
“Kara Keys is a highly respected leader, a tireless and passionate advocate for workers and strong replacement for Ged Kearney on the Board.
“Ray Sputore has a well earned reputation for leadership at the highest levels of the construction industry and is a strong voice for the business community both in Western Australia and nationally.”
Ms Keys said she was looking forward to contributing to Cbus’ leadership on environmental, social and governance (ESG) issues.
“Responsible investment is vital consideration in Cbus’ long-term investment strategy. Cbus is widely recognised as a leader in ESG both in Australia and overseas,” Ms Keys said.
“I’m excited to play my part in continuing this leadership.”
Mr Sputore said he was honoured to be contributing to an organisation with such a strong record of returns for members.
“For 34 years Cbus has delivered for our members because we put the interests of our members first and we haven’t been afraid to embrace innovation and change,” Mr Sputore said.
“The fund is certainly moving in an exciting direction and, importantly, doing it in a thoughtful and well managed way.
“I’m pleased to have the opportunity to give some of my focus to a Fund that has done so much for people in our sector.”
Ms Keys has also been appointed to the Investment Committee (IC) while Mr Sputore has been appointed to the Audit & Risk Committee and Member Employer Services Committee.
Ms Kara Keys
Kara Keys is a descendant of the Yiman and Gangulu peoples of central Queensland. Ms Keys has worked in key strategic roles at the Australian Council of Trade Unions (ACTU) since 2013 including ACTU Indigenous Officer and National Campaign Coordinator. She has worked across a range of key strategic, policy and campaign development programs during that time. Ms Keys is currently Chair to the Democracy in Colour Board.
Mr Ray Sputore
Mr. Ray Sputore serves as Executive Manager of Strategy & Pre-Contracts at Decmil Group Limited, and has held a number of executive roles at Decmil since 2011. Prior to that, Mr Sputore has held various senior leadership roles at Leighton Contractors Pty Ltd and Transfield Construction Pty Ltd. Mr Sputore brings to the Board a wealth of Board and Committee experience, and is currently a Non-Executive Director, President and Chair of the Chamber of Commerce and Industry of WA, a Non-Executive Director of The Australian Chamber of Commerce and Industry and the WA Government State Training Board.
Media contact: Tristan Douglas 0417 736 434
*Past performance is not a reliable indicator of future performance. Based on the crediting rate, which is the return minus investment costs and taxes, the Trustee Operating Cost and reserves. Excludes administration fees.
This information is about Cbus It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.
You should also read the relevant Cbus Product Disclosure Statement and Financial Services Guide before making any financial decisions. Call 1300 361 784for a copy.
Cbus’ Trustee is United Super Pty Ltd; ABN 46 006 261 623; AFSL 233792; Cbus ABN 75 493 363 262