Having created a superannuation giant, Reilly decides it’s time to pull stumps
Bernard Reilly has resigned from the Australian Retirement Trust, setting in motion a global search for his replacement.
ART chief executive Bernard Reilly has resigned, effective from February next year. (Image ART).
Reilly said he would stay in place until February to allow for the transition. That would give him two years at the helm of Australia’s second-biggest superannuation fund with $260 billion in retirement savings.
The fund was formed 18 months ago by the merger of SunSuper and QSuper.
“This has been an enormous decision for my family and me but I know that I am stepping away at the right time for ART,” Reilly said
“I will leave behind a highly experienced and talented executive team who, at the core, have a commitment to serve ART’s more than 2.3 million members.
“This is an exciting time as ART enters its next chapter as one of Australia’s leading superannuation funds. I’m excited to continue watching the fund grow as one of its members.”
ART chair Andrew Fraser said Reilly would leave an incredible legacy, particularly his role in the merger.
He said the issue Reilly should be most proud of was the culture he helped develop across the organisation.
