Rosemary Vilgan, CEO of QSuper for the past 18 years, will retire effective Oct. 23, the Brisbane, Australia-based superannuation fund for Queensland government employees announced.
QSuper will start a formal search for the company’s next CEO, said a news release Wednesday. QSuper manages A$59 billion ($45 billion) in retirement assets.
Asked about her plans, Ms. Vilgan said, in an e-mail, for now she has “no position or role on the cards,” but “would like to keep involved somehow in the industry.” It is simply “a good time to leave a strong fund and start a new stage,” she said.
Under Ms. Vilgan’s leadership, QSuper was known as an innovator, including its introduction over the past year or so of a system to replace a one-size-fits-all defined contribution offering with one that grouped members in cohorts that take the size of an individual’s retirement savings pool as well as age into consideration when setting asset allocation.