Karen Gibson was named CEO of City Super, the A$1.4 billion (US$1.16 billion) Brisbane (Australia) City Council fund.
Ms. Gibson has been serving as acting CEO since October because of the ill health of CEO Ian Prowse. Mr. Prowse resigned recently.
Ron Curtis, City Super chairman, said the fund was pleased to appoint a CEO with Ms. Gibson’s experience. “Considering the challenges for super funds, Karen’s appointment is timely as we continue to improve our member services and seek cost-effective growth.”
Philippa Yelland is a reporter with Investment magazine in Sydney.