The SMSF Association Board has appointed Robin Bowerman as its new Chair, effective immediately.
Bowerman, who is Head of Corporate Affairs at Vanguard Investments, has been Vice Chair for the past three years and a Board member since 2011.
He replaces Dr. Deborah Ralston, who resigned as Chair last Friday (27 September) and has stepped down as a Director today (3 October), following her appointment to the three-member Retirement Income Review panel that was announced by the Treasurer, Josh Frydenberg, last Friday.
Andrew Hamilton, a former Chair of the Association, has been appointed Vice Chair.
Bowerman says: “I am very honored that my fellow directors have asked me to succeed Deborah as Chair. Although we are all greatly disappointed at losing Deborah before the end of her term, we totally appreciate why she has chosen to resign and wish her all the best in this new important role.
“She has provided the Association with sound leadership at a difficult time for the industry, and I know I speak for all members when I say her contribution has been greatly valued.”
Ralston says: “Unfortunately I find myself in a position where I feel I must tender my resignation as Chair and a Director of the SMSF Association. It has been a privilege to work with my fellow directors, the executive, and the members, all of whom are dedicated to ensuring Australians enjoy a secure retirement.”