TWUSUPER team
TWUSUPER is a not-for-profit Industry SuperFund for the transport and logistics industry.
Our Board ensures TWUSUPER looks after the best interests of all members, and we have a skilled and experienced management team looking after the day-to-day operations of the Fund.
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The Trustee executive team
Position
Name
Chief Executive Officer
Frank Sandy
Acting Chief Financial Officer
Wayne Jones
Chief Investment Officer
Andrew Killen
Chief Governance Officer
Lachlan McBain
Executive Manager Strategy and Customer Experience
Matt Licheri
Executive Manager Stakeholders and Marketing
Tony Buckley
Manager, Operations
Lou Coia
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Trustee Directors
The TWUSUPER Board is a representative board that includes both employer and employee representatives.
This board structure is recognised by peak super bodies such as the Australian Institute of Super Trustees (AIST) and the Industry Funds’ Forum as providing the best governance model for Australian Industry SuperFunds.
- an Independent Chairman
- four employee representatives, nominated by the Transport Workers’ Union of Australia (TWU)
- four employer representatives, nominated by the Australian Road Transport Industrial Organisation (ARTIO)
- up to six alternate directors, nominated by their respective representatives.
Independent Chairman
David Galbally AM QC
Employee Directors*
Employer Directors*
Tony Sheldon
Hugh McMaster
Peter Biagini
Peter Anderson
John Berger
Dennis Sutton
Richard Olsen
Gary Mahon
Timothy Dawson (Alternate)
Paul Ryan (Alternate)
Michael Kaine (Alternate)
Robin Phillips (Alternate)
Ian Smith (Alternate)
* Wayne Mader ceased as a Member director from 29 April 2016
* Ian King ceased as an Employer Director from 24 June 2016
* Michael Aird ceased as a Member Director from 9 August 2016
* Peter Garske ceased as an Employer Director from 30 November 2016
* Ray Wyatt ceased as an Alternate Member Director from 14 February 2017Related documents
- Board attendance records
- Conflicts management policy
- Director remuneration
- Director qualifications and experience
- Rules of appointment
- Relevant duties register
- Relevant interests register
Committees
- Audit, Risk and Compliance
- Claims
- Communications and Marketing
- Complaints and Appeals
- Investment
- Operations and Remuneration
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Board Attendance Records
The table below shows the board meetings attended by TWUSUPER Directors in the last 7 years.
Financial year 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 No. of board meetings 6 6 6 6 6 6 7 Director Attendance Current Directors David Galbally AM QC 5 6 6 5 6 6 6 Tony Sheldon 6 3 2 3 4 5 6 Hugh McMaster3 6 6 6 6 6 6 7 Peter Biagini4 N/A 3 5 6 5 5 7 Peter Anderson9 N/A N/A N/A N/A N/A N/A 3 John Berger10 N/A N/A N/A N/A N/A N/A 1 Ray Wyatt (Alternate) N/A 1 5 5 5 6 5 Tim Dawson (Alternate)6 N/A N/A N/A N/A 1 6 6 Robin Phillips (Alternate) 6 6 6 6 6 5 7 Michael Kaine (Alternate) 5 3 6 5 3 5 6 Paul Ryan (Alternate)1 6 6 6 5 6 6 7 Former Directors Rick Burton 4 Wayne Forno2 6 6 6 5 5 Jim McGivern 2 3 3 4 Alex Gallacher 6 5 Bill Noonan 4 4 Hughie Williams 6 2 Phil Lovel AM8 6 5 6 6 5 6 3 Wayne Mader N/A 2 5 5 6 4 5 Ian King 6 6 5 6 6 6 5 Peter Garske 6 6 6 5 6 6 6 Michael Aird5 N/A N/A N/A N/A N/A 5 4 Notes
1 Alternate Director since 08/04/2011. Director 07/06/2007 to 08/04/2011.
2 Alternate Director 11/06/2009 to 08/04/2011. Director from 08/04/2011 to 08/10/2014.
3 Alternate Director 07/08/2008 too 08/04/2011. Director since 08/04/2011.
4 Alternate Director 10/01/2011 to 26/06/2014. Director since 26/04/2014.
5 Commenced as Director on 09/10/2014.
6 Commenced as Alternate Director on 26/06/2014.
7 Resigned as Director on 29/04/2016.
8 Resigned as Director on 23/11/2015.
9 Commenced as Director on 03/12/2015.
10 Commenced as Director on 02/06/2016.
11 Resigned as Director on 24/06/2016. -
Trustee service providers
The Trustee engages the following third-party providers in the management of TWUSUPER.
Function
Provider
Actuary
Mercer (Australia) Pty Ltd
Administrator
Australian Administrative Services (AAS)*
External auditor and tax adviser
Ernst & Young
Internal auditor
PricewaterhouseCoopers
Custodian and investment administrator services
BNP Paribas Securities Services**
Financial advice provider
Industry Fund Services Ltd
Investment adviser
JANA Investment Advisers
Investment managers
See investment managers below
Legal adviser
DLA Piper
Group life and income protection insurer
CommInsure
Trustee liability insurer
Vero Insurance
*ABN 62 003 429 114
** ABN 87 149 440 291 -
Investment managers
TWUSUPER engages investment managers to invest members’ money across the different asset classes.
We closely monitor the investment performance of each investment manager and from time to time new investment managers are appointed and others terminated.
TWUSUPER uses JANA Investment Advisers to help set the investment strategy, select investment managers and monitor performance.
Investment managers at 13 March 2017:
- Adam Smith Asset Management
- AIF Capital
- AMP Capital Investors
- AQR Capital Management
- Aurum Funds Management
- Barings
- Charter Hall
- Colonial First State Global Asset Management
- Cooper Investors
- Eureka Funds Management
- Franklin Templeton Investments
- HarbourVest Partners LLC
- IFM Investors
- Industry Super Holdings
- Industry Super Property Trust
- Infrastructure Capital Group
- Intermede Investment Partners
- Janus Henderson Investors
- Lexington Partners
- LGT Capital Partners
- Loomis Sayles
- ME Bank Pty Ltd
- MFS Investment Management
- Neuberger Berman
- Nikko Asset Management
- Northcape Capital
- Orbis Investment Management
- Pantheon Ventures Ltd
- Perpetual Investment Management
- Siguler Guff & Company
- Tactical Global Management
- Wellington Management Company
- Yarra Capital Management