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The QSuper Board is responsible for managing the QSuper Fund. That includes creating and implementing its strategic plan, formulating and overseeing its investment strategy, and developing and delivering its products and services.
The Board delegates day-to-day administration of QSuper to the Chief Executive Officer and Executive management team. The Board does however retain responsibility for the operation of QSuper and receives regular reports from QSuper’s management. The Board has procedures in place to make sure the Executive management team is appropriately qualified and experienced to discharge its responsibilities.
The QSuper Group undertakes the daily administration and investment of QSuper, employing around 1,000 staff around Queensland to provide the following services:
The Board is established under the Superannuation (State Public Sector) Act 1990 (the QSuper Act), and is currently made up of nine Trustees, including equal employer and member entity representation, as well as one additional independent Board member.
The four employer representatives are nominated by the Queensland Government, while the four member entity representatives are nominated by the Queensland Police Union, Queensland Nurses' Union, Queensland Teachers' Union and Together Queensland. More detail on the nomination and removal process for Trustees can be found in Sections 5 and 6 of the QSuper Act (link above), as well as Sections 2B - 2L of the Superannuation (State Public Sector) Regulation 2006.
Trustees serve on the Board for a term of up to three years, after which they may be nominated to accept reappointment, generally up to a maximum tenure of nine years.
The current Trustees/Directors are:
Mr Morris is Executive Chairman of Ord Minnett Limited with a career spanning over 30 years in financial services and wealth management. He is a Commerce graduate of Griffith University and holds diplomas from the Stockbrokers and Financial Advisors Association of Australia, FINSIA and the Australian Institute of Company Directors.
Mr Morris is Chairman of the Brisbane Broncos, Chair of Griffith University Foundation Board, Chair of Bravehearts Foundation Fund and Chair of the Mary MacKillop Brisbane Catholic School Access Fund. His other Board memberships include: Director of RACQ, Director of Gallipoli Medical Research Foundation, Board Member of JP Morgan Australia Advisory Council, Board Member of the Financial Sector Advisory Council, Board Member of the Archdiocese of Brisbane Catholic Foundation, National Vice Patron of Bravehearts and Governor of the University of Notre Dame Australia. He is a Master Member (and former Chair 2012-2018) of the Stockbrokers and Financial Advisers Association of Australia.
Mr Morris is a member of the Remuneration and Investment Committees.
Mr Ivessa joined Queensland Treasury in 1981 and was an Assistant Under Treasurer from 1996 until his retirement in December 2014. During his career as a senior executive with Queensland Treasury, Mr Ivessa’s areas of responsibility included budget strategy and management, economic reform and regulation, government owned corporations and inter-governmental relations. Mr Ivessa is also a former member of the Public Trust Office Investment Board.
Mr Ivessa is currently Chairman of the Audit & Risk Committee and a member of the Investment and Remuneration Committees.
Dr Christie is currently a Principal of Portum Private Wealth, where he is a financial and investment adviser. He is an experienced financial services professional who has worked in the investment and finance industry since 1995 and previous to that as a banking, finance and taxation lawyer.
Dr Christie has held a number of senior positions including Head of Private Wealth Management at Ord Minnett, as well as Head of Asset Allocation and Senior Portfolio Manager at Goldman Sachs JBWere Private. He was previously a Director and Chair of the Investment Committee of the Australian Catholic Superannuation & Retirement Fund, and sits on the Finance Council of the Catholic Archdiocese of Sydney and Investment Committee of AdviceIQ Partners.
Dr Christie is currently Chairman of the Investment Committee and a member of the Remuneration Committee.
Ms Mary-Anne Curtis is currently the Director-General of the Department of Employment, Small Business and Training.
She was previously a Deputy Under Treasurer within Queensland Treasury, providing advice and analysis to the Queensland Government on public policy, fiscal and economic issues particularly in relation to social policy portfolios and inter-governmental financial relations.
Ms Curtis is currently a member of the Audit & Risk and Remuneration Committees.
Ms Sandra McCullagh is currently the Principal and Director of About Energy, a consulting firm in the areas of energy, environment, social and governance issues. Ms McCullagh is also currently a member of the Queensland Government’s Climate Advisory Council and she was previously both a Director - Equities Research, and Head of Environmental, Social & Governance Equities Research at Credit Suisse.
Ms McCullagh has held senior positions at several energy companies and she currently serves as a Councillor at Clayfield College and is on the Capital Campaign Working Group of the Sydney Dance Company.
Ms McCullagh is a graduate of the Australian Institute of Company Directors and holds a Bachelor of Science in Computer Science and Maths, a Bachelor of Arts in Computer Science, both from the University of Queensland and an MBA from Adelaide University.
Ms McCullagh is currently a member of the Investment and Remuneration Committee.
Ms Mohle is currently the Secretary of the Queensland Nurses' and Midwives Union (QNMU) where she has worked since 1990. She is also Senior Vice President of the Queensland Council of Unions (QCU). Prior to commencing work at the QNMU, Ms Mohle worked as a registered nurse at the Royal Brisbane Hospital.
Ms Mohle was previously a board member of HESTA, including a term as both Chair and Deputy Chair. In 2008, the Australian Institute of Superannuation Trustees (AIST), named Ms Mohle Trustee of the Year.
Ms Mohle is currently Chairman of the Remuneration Committee and a member of the Investment Committee.
Mr Maxwell is Assistant General Secretary of the Queensland Police Union of Employees.
He is also an Executive Member of the Queensland Council of Unions and a Director of the Queensland Police Legacy Scheme. Mr Maxwell is an experienced law enforcement officer, having served in the Queensland Police Service between 1981 and 2018.
Mr Maxwell is currently a member of the Audit & Risk and Remuneration Committees.
Ms Ruttiman has been Queensland Teachers’ Union (QTU) Deputy General Secretary since 2010 and is QTU’s lead enterprise bargaining negotiator, having worked on the performance review models, joint statements and basic guides. Ms Ruttiman is also a member of the Queensland Work Health and Safety Board and has previously been a board member of Teachers’ Union Health and the Southbank Institute of TAFE. Ms Ruttiman is also a Member of the Australian Institute of Company Directors and a member of the Queensland Council of Unions Executive.
Ms Ruttiman is currently a member of the Audit & Risk and Remuneration Committees.
Financial years ending 30 June
Previous Trustees and their Board meeting attendance is available in each year’s Annual Report to Members.
1. Bede King's tenure as a Trustee ended on 30 November 2018
2. Jeff Backen's tenure as a Trustee ended on 30 November 2018