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March 23, 2021 10:37 AM

CEO of Australia’s Mine Super joins fintech unit

Douglas Appell
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    Harry Mitchell
    Bloomberg
    Harry Mitchell

    Harry Mitchell, group CEO of A$11.5 billion ($8.9 billion) Mine Super since 2016, is stepping down to become managing director of Recreo Financial, a financial technology firm the Sydney-based superannuation fund owns a stake in.

    Vasyl Nair, Mine Super's group deputy CEO, will become acting group CEO through June 30, 2022, according to a Mine Super news release.

    During the period, a search for a permanent replacement will be conducted, the news release said.

    Mr. Mitchell could not immediately be reached for further comment. A spokeswoman for Mine Super could not be reached.

    Mine Super owns a signficant stake in Recreo, the release said.

    A separate, joint news release Tuesday said Recreo — a cloud-based, superannuation administration provider — will merge with Certane, a Sydney-based provider of trustee services. The two firms will combine under the Certane name before the end of May.

    A spokeswoman for Certane confirmed Mr. Mitchell's appointment as Recreo managing director.

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    May 9, 2022 page one

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