5 October 2020
Vision Super media release
Industry super fund, Vision Super, today announced the promotion of Chief Investment Officer Michael Wyrsch to the newly-created position of Deputy Chief Executive Officer.
CEO Stephen Rowe said that the appointment had come about as a result of the Board’s goal of robust succession planning, and could not be more well deserved.
“Michael has done an outstanding job as Chief Investments Officer. Since he joined Vision Super he’s substantially reduced investment management costs, so our members are paying less in fees, at the same time as improving results.
“Our MySuper default Balanced growth option is top three over the last financial year, and top ten over all periods up to ten years. Most of our other options are top quartile.* Michael would tell you that those returns are mainly the result of good luck, but the credit is his – he’s largely responsible for the foresight, careful planning and strategic thinking behind every investment decision.
“As Deputy CEO, Michael is going bring that same foresight, careful approach to planning and broad strategic thinking to the fund as a whole, and I am looking forward to working with him closely in his new role.
Michael Wyrsch said Vision Super is an organisation that lives by its values, and he’s proud to work for the fund.
“Being appointed Deputy CEO of Vision Super is a real highlight. I’ll be trying my best, and hoping that I can make a significant contribution in my new role,” he said.
Michael will continue to manage the investments function in his current role as CIO in addition to stepping into the Deputy CEO position.
Media contact: Rebekka Power
* In the year to 30 June 2020