Wayne Swan to Chair Cbus Super
Cbus Super is pleased to announce that former Treasurer and Deputy Prime Minister Wayne Swan will take over from Steve Bracks as Board Chair in January 2022.
As Federal Treasurer, Mr Swan drove Australia’s successful response to the global financial crisis. He was named Euromoney Finance Minister of the year in 2011.
Mr Bracks congratulated Mr Swan on his appointment and said that Mr Swan’s leadership will be invaluable to the nation, as the superannuation sector helps finance Australia’s economic recovery from the COVID-19 pandemic, “Wayne will be a champion for Cbus members, with our single-minded focus on improving their financial security in retirement.”
Mr Swan said he is delighted to be taking on the role of Chair for Cbus with the Fund in such a strong position, “I'm humbled to have been chosen as the next chair of Cbus. Australia's superannuation sector is a world leading national achievement, and Cbus has been at the forefront of this success for decades.
“I pledge to work as hard as I possibly can for all Cbus members to build on the historic strength of their fund. It is because of the advocacy, agitation and sacrifice of building industry workers that Australia now has a $3.3 trillion pool of national savings.
“I’m particularly proud to be joining the Cbus board at this moment. Right now, the role of Australian superannuation is more important than ever as our nation looks to rebuild from the impact of the pandemic. Just as superannuation played a vital role in responding to the global financial crisis, so too will it play a vital role in our pandemic recovery.
“Not only does superannuation allow working Australians to capture a slice of recovery growth, it will also serve as a vital source of capital to fund the jobs of the future in the industries of the future.
“Through super, every Australian worker has a pathway to a comfortable and secure retirement. I’m excited to be able to play a part in helping them get there.
“I wish to pay special tribute to the enormous contribution of the outgoing chair, Steve Bracks. Like Steve, I hope to draw on the experience and knowledge I gained in public life – in particular my six years as Treasurer – to work with members, employers, unions, and federal and state governments.”
Media enquiries:
Tristan Douglas, 0417 736 434 or tristan.douglas@cbussuper.com.au
United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 as Trustee for the Construction and Building Unions Superannuation Fund ABN 75 493 363 262 (Cbus and /or Cbus Super). Refer to Cbus Product Disclosure Statement or Financial Services Guide for more information.
Cbus is the leading Industry Super Fund for the building, construction and allied industries. As one of Australia’s largest super funds, we provide superannuation and income stream accounts to more than 775,000 members and we manage more than $65 billion of our members’ money (as at 30 June 2021). Our members include workers and retirees, their families and employers.