26 May 2021
UniSuper, the $95b superannuation fund for the higher education and research sector, has appointed experienced financial services executive Peter Chun as its new Chief Executive. Mr Chun replaces Kevin O’Sullivan who announced earlier this year he would be stepping down after eight years in the role.
Mr Chun brings close to 30 years’ experience in financial services across both the retail and industry fund sectors, particularly in roles spanning business development, marketing, product development, digitisation, client services and business transformation.
Most recently, he has been at Aware Super as Group Executive, Member Growth, with responsibility for leading the Brand, Marketing, Digital, Product and Business Development functions.
Prior to Aware, he spent over a decade at Colonial First State in roles spanning product, distribution and investments.
Mr Chun is a qualified Actuary having completed a Bachelor of Economics, majoring in Actuarial Studies at Macquarie University. He also has Graduate Diplomas in Applied Finance and Investments and Financial Planning from the Securities Institute of Australia; and has undertaken the Advanced Management Program at Harvard Business School.
A pivotal time – giving more people access to one of Australia’s most awarded funds
Mr Chun joins UniSuper at a pivotal time in the Fund’s 38-year history. Earlier this month the Fund announced it will be opening to new members from outside the higher education and research sector from 5 July, giving more people access to one of Australia’s most awarded, best performing and lowest cost super funds.
Announcing the appointment, UniSuper Chair, Ian Martin, said the Board was thrilled to have someone of Peter’s calibre and experience stepping in to lead UniSuper during this time of change and growth.
“Peter has worked across all aspects of the superannuation sector and brings immense qualifications, experience and insight to the role. We look forward to welcoming him to the business later in the year.” Mr Martin also thanked out-going CEO, Kevin O’Sullivan, for his leadership of and contribution to the Fund over the last eight years.
“On behalf of the Board and all UniSuper employees I reinforce my gratitude and thanks to Kevin for his commitment and contribution to UniSuper over the past eight years. Kevin leaves the fund in very strong shape with a reputation and established track record as unquestionably one of Australia’s top superannuation funds.” Mr Martin said.
Mr Chun will officially join UniSuper on 6 September and Mr O’Sullivan will stay on until that time to ensure a smooth transition.
“UniSuper represents one of the most respected, best performing Funds in the sector,” Mr Chun said. “I am extremely excited to be able to lead such a dynamic and successful team and look forward to working closely with the Board, Kevin and the Executive team as I take on the role later this year.
“This is an exciting time for UniSuper and its members. The superannuation sector is changing rapidly, and it is important that Funds continue to evolve and adapt.
The Fund has a uniquely deep relationship with its members; particularly in the higher education sector and UniSuper’s core purpose – to deliver greater retirement outcomes for members – will continue unchanged. I am motivated and committed to making impactful change to retirement outcomes for Australians and this role furthers that opportunity for me professionally and personally.”
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Note to editors
UniSuper is one of Australia’s largest superannuation funds, and is run solely for the benefit of its members. For more than 35 years, UniSuper has been managing super for people employed in the higher education and research sector. UniSuper currently invests around $95 billion on behalf of more than 450,000 members.