Jason Murray will become the next CEO of Spirit Super in early 2022, according to an announcement Tuesday by the Canberra, Australia-based fund overseeing roughly A$26 billion ($18.5 billion) in retirement assets for 325,000 participants.
He will replace Leeanne Turner. She served for more than a decade as CEO of MTAA Super, which merged in April with Tasplan to form Spirit Super.
Mr. Murray served as chief of member experience at QSuper, a Brisbane-based fund with roughly A$120 billion in retirement assets for 600,000 Queensland state public-sector employees.
QSuper, meanwhile, is moving to merge with Sunsuper, a Brisbane-based, A$80 billion industry fund, by February.
In September, QSuper and Sun Super announced their post-merger leadership lineup. Among them, Karin Muller, QSuper's chief operating officer, is set to take on the role of chief member officer for the merged entity.
A QSuper spokeswoman said Mr. Murray made a significant contribution during his time at QSuper, and "we wish him all the best in his new role."
Ms. Turner, a 40-year industry veteran, said in a Spirit Super news release Tuesday that her plan has been to complete the merger of MTAA and Tasplan and then "hand over to someone else to take the fund to the next stage."
However, Spirit Super's A$26 billion in assets still fall short of the A$30 billion level regulators at the Australian Prudential Regulation Authority have suggested is the minimum scale super funds need to provide the full range of investment services participants need at competitive prices.
A spokesman noted that Ms. Turner, at the time of the MTAA-Tasplan merger in April, said Spirit Super would remain open to considering other mergers to further boost scale.
