ART crosses $300bn in FUM, announces executive leadership revamp

InvestorDaily

Australian Retirement Trust (ART) has hit a new growth milestone as it crosses $300 billion funds under management, having added over $40 billion in the last financial year. As it enters its next phase of strategic growth, the fund has announced a new streamlined operating model that focuses on three lines of business, namely investments, workplaces, and members. The three lines of business will be overseen by ART’s new chief operating officer, Kathy Vincent, who has served as its chief retirement officer since December 2023.

ART elaborated the new operating model is to be supported by specialist enterprise partners covering finance & strategy, people & culture, risk & compliance, and enterprise services. “Australian Retirement Trust has an impressive legacy of accomplishments, and the time is right to now focus on our future and how we will unlock our potential and support our members to retire well with confidence,” said ART’s chief executive, David Anderson. “I strongly believe Australian Retirement Trust will be the distinctive market leader in retirement if we put our collective focus on becoming world class in four disciplines – strong investment performance, innovative retirement solutions, and excellent member and digital experiences, all underpinned by outstanding governance practices.”

The rest of this article can be found at investordaily.com.au.