NGS Super is beefing up its senior management team with two senior appointments into newly created roles.
On Wednesday, July 19, the $8 billion superannuation fund for non-government schools announced two new senior hires, naming Angie Mastrippolito chief operating officer, and Ben Facer chief risk and governance officer.
NGS Super chief executive Anthony Rodwell-Ball said the appointments mark an exciting period for NGS Super, as the fund focuses on growth, and enhancing its operations and customer service.
Mastrippolito is chief executive and fund secretary of NESS Super, a $670 million Sydney-based industry fund for the electro-technology sector. A role she has held for five years.
“Angie brings a wealth of knowledge from her years at NESS Super, in addition to her previous roles at Mercer and Towers Watson,” Rodwell-Ball said. “We really value her strong operational background, success in managing third-party relationships and ‘can do’ attitude.”
Facer, meanwhile, is an actuarial consulting partner at Deloitte.
Rodwell-Ball told Investment Magazine that Facer will take responsibility for actuarial research at the fund and lead the development of new products, with a particular focus on developing a comprehensive income product for retirement.
“Our members tend to be Baby Boomers, who typically have higher balances than the industry average, so there is an obvious need for us to focus on developing new retirement income solutions,” Rodwell-Ball said.
“Ben is highly respected in the superannuation industry and we were incredibly impressed by his track record in consulting to a wide range of industry clients, and his intricate knowledge of the super space from a risk and governance perspective.”
“A lot of work has been completed over the past year to position the fund for its next stage of growth and sophistication, including assessing succession planning and skills and competencies.”
In November 2015, NGS Super announced it was in talks with Queensland’s QIEC Super about forming an integrated master trust. Rodwell-Ball declined to comment on the status of the ongoing merger talks.