Additional disclosure - BT Funds Management Limited

Regulatory reporting of trustee entity BT Funds Management Limited, including executive remuneration and group policy.

Executive summary

Executive Officers

Melinda Howes

Executive Director, Superannuation Boards & General Manager, Superannuation - BT Financial Group

Melinda Howes commenced a role in late 2014 as General Manager of Superannuation for BT Financial Group. Until June 2014 she was the Director of Product Strategy and Services for AMP's Insurance and Superannuation business.

Melinda is an actuary whose career in financial services has spanned policy, strategy, consulting, product and sales work in superannuation, wealth management, insurance and not for profit entities.

Melinda was the CEO of the Actuaries Institute for three and a half years. Prior to that she was Director of Policy at ASFA (the Super Funds Association). She has also been a consultant with ALEA Actuarial and previously spent eleven years at BT from 1993, culminating in a role as Director of Superannuation and Retirement Products. She started her career in life insurance with Prudential.

Melinda is on the Super FSC board, an Executive Director on the BT Financial Group RSE Boards. Melinda is a member of the Australian Institute of Company Directors and a Fellow of The Institute of Actuaries of Australia, she's also on the advisory board of Macquarie University's Faculty of Business and Economics.

Kirsten O’Donoghue

Chief Risk Officer, Business Bank

Kirsten O’Donoghue joined the Westpac Group in 1994.

Kirsten has held many senior roles within the Group in Australia and overseas including Chief Credit Officer Northern Hemisphere, Westpac Institutional Bank and Head of Corporate Banking & Property Finance, St George Business Banking. Kirsten commenced her role as Chief Risk Officer, Business Banking in 2016 and added the Westpac Group wealth entities to her portfolio in 2019.

Kirsten holds a Bachelor of Science & Environmental Science (Minor Economics) from Murdoch University (Perth) as well as a Masters of Business Administration from the University of New South Wales.

Kathy Vincent

Executive Director, Superannuation Boards & General Manager, Platforms and Investments – BT Financial Group

Kathy Vincent is BT’s Executive Director, Superannuation Boards & General Manager, Platforms and Investments. In this role Kathy is responsible for leading BT’s retail platforms (BT Panorama, BT Wrap and Asgard) as well as BT’s investments business.
 
Prior to joining BT in July 2018, Kathy was General Manager, Wealth Products and Platforms at NAB where she was responsible for the leadership and management of the retail super and investments platform, as well as NAB’s Asset Management Product Team.
 
Previous roles include Co-Head of Macquarie’s alternatives business and Head of Product Strategy for Macquarie Group’s Global Investments business.
 
Kathy has 25 years’ experience in financial services with specialist expertise in retail platforms, product strategy and distribution.
 
Kathy has a Bachelor of Commerce from the University of New South Wales and a Graduate Diploma in Applied Finance and Investment.

Corrin Collocott

Chief Investment Officer

Corrin joined BTIS in November 2015 in the role of Head of Diversified Portfolio Management and has more than 20 years' experience working across various industries, most recently as Manager, Investment Strategies at Sunsuper.

Corrin is responsible for delivering on the investment objectives for all the BTIS diversified portfolios (multi-manager and lifestage). In particular, he is responsible for the formulation and implementation of strategic asset allocations and oversees the tactical asset allocation/dynamic asset allocation processes, along with overseeing the meeting of regulatory requirements, reporting and the preparation of the relevant Board papers containing investment recommendations.

Prior to this Corrin has held a number of roles across a variety of industries including Russell Investment Group, lnTech, MCA NZ Limited, Watson Wyatt Worldwide and previous to that, Rolls Royce, Koeberg Nuclear Power Station and Aegis Insurance Company.

Corrin graduated from the University of Cape Town with a Bachelor of Science in Mechanical Engineering, and is a Fellow of the Institute of Actuaries of Australia.

Dina Kotsopoulos

Head of Product Management - Platforms, Platforms and Investments – BT Financial Group

Dina joined BT in 2006 and currently oversees the management of BTFG's platform solutions, which includes the Asgard, BT Wrap and Panorama platforms. Dina is responsible for competitiveness of these BT platforms, ensuring they continue to innovate and meet the needs of the adviser and investor communities, in turn growing BTFG's market share.

Dina has over 11 years experience in financial services and has held various other product and customer management roles at BT. Dina holds a Master of Business Administration.

Lisa Gavin

Head of Tax and Accounting Services, Platforms & Investments - BT Financial Group

Lisa is an experienced funds management professional, who has worked on a diverse range of products over the past 25 years.

Lisa joined the Investment Accounting team within Westpac Financial Services (now BT Financial Group) in 1993. She had various roles within Investment Accounting before being appointed Head of Tax and Accounting Services in May 2011.

She has overall responsibility for accounting for BT's managed investment schemes, superannuation funds and platforms.

Prior to joining Westpac, Lisa worked at PricewaterhouseCoopers in the audit division.

Lisa has a Bachelor of Economics from the University of Sydney, is a member of the Institute of Chartered Accountants in Australia, has a Graduate Diploma in Applied Finance and Investment from Financial Services Institute of Australasia (FINSIA), and is a Graduate of the Australian Institute of Company Directors (GAICD).

Bettina Fischer

Head of Program Delivery, Superannuation - BT Financial Group

Bettina Fischer is the Head of Program Delivery in Superannuation, a role which she was appointed to in June 2015 responsible for leading a multi-project team of 150 members to deliver Stronger Super Regulatory requirements, Legislative and Strategic Initiatives.

Bettina joined the BT Financial Group in 2006, throughout this time her roles have included senior Project/Program, Implementation and Change Management roles.

Prior to joining BT Financial Group Bettina held roles with the Insurance Australia Group as a Program Manager in Customer Strategy, as well as with the Commonwealth Bank where she started her career as a Senior Business Analyst and progressed to an Executive Manager of the Compliance Projects Program.

Bettina graduated from Macquarie University with a Bachelor of Economics majoring in Banking and Finance.

Hannah Oakhill

Head of Direct Distribution, Superannuation - BT Financial Group

Hannah joined the BT Financial Group in her role as Head of Direct Distribution for Superannuation in 2016.

Hannah has over 15 years’ experience across banking in both Australia and the UK, covering a broad range of products including deposits, credit cards, mortgages, insurance, superannuation and financial advice.
Before joining BT, Hannah was at Macquarie for over 8 years. She was a Division Director responsible for offer design and channel development for their new Personal Banking business. Prior to this role, Hannah worked in Macquarie’s Private Wealth business where her focus was around Macquarie’s direct wealth offerings.

Hannah has a Postgraduate Diploma in Marketing  from the Chartered institute of Marketing in the UK as well as a Diploma of Financial Services from Kaplan and a MBA (Executive) with Distinction from AGSM.

Julie Slapp

Head of Product, Superannuation - BT Financial Group

Julie first joined BT in 1997 working across BT’s business including Super, Investment Management and Wrap product management and development. Julie was appointed Head of Product, Superannuation in 2017 and oversees the management of BTFG's superannuation solutions, which includes Corporate and Direct Super and retail managed investment schemes. Julie is responsible for competitiveness of the BT superannuation products, ensuring they continue to innovate and meet the needs of the employer, adviser and member communities, in turn growing BTFG's market share.

Julie has 20 years’ experience in financial services and holds a Bachelor of Economics, Economics and Marketing from Macquarie University and a Diploma of Superannuation Management.

Jason Yetton

Chief Executive, Specialist Businesses

Jason was appointed Chief Executive, Specialist Businesses in May 2020.

Specialist Businesses support customers with wealth needs including Life and General Insurance, Superannuation and Platforms and Investments and also includes Auto Finance and Pacific banking.

The Westpac Group has decided to simplify and focus on its Australian and New Zealand banking businesses and Jason leads the Group’s strategic review of Specialist Businesses as it considers whether they would ultimately be more successful under different ownership.

These include:

• Westpac Life Insurance Services Ltd
• Westpac General Insurance Ltd
• BT Financial Group Pty Ltd
• Advance Asset Management Ltd
• BT Funds Management Ltd
• BT Portfolio Services Ltd
• Asgard Wealth Solutions Ltd
• Westpac Financial Services Ltd
• Westpac Bank PNG Ltd

Most recently, Jason was Chief Executive Officer NewCo, CBA, where he was appointed to lead the demerger of its wealth management and mortgage broking businesses. Prior to that he was Chief Executive Officer & Managing Director, SocietyOne, an early financial services disrupter and consumer finance marketplace lender.

Jason was previously with the Westpac Group for more than 20 years, holding a number of senior positions including Group Executive, Westpac Retail & Business Banking, and a range of senior executive positions in BT Financial Group, including General Manager, BT Customer Solutions and Head of Product.

Craig Ward

Chief Financial Officer, Specialist Businesses

Craig Ward is the acting Chief Financial Officer for the Specialist Businesses Division and is responsible for the Finance operations across Superannuation, Platforms, Investment & Operations, Insurance, Specialist Finance and Pacific Banking businesses.

Prior to his appointment to this role in July 2020, Craig was Head of Finance for Superannuation, Platforms, Investment & Operations, responsible for the financial operations and strategic support for these business units. Previous roles in Westpac include Head of Finance for Treasury, acting CFO for Westpac Institutional Banking, Head of Finance for Financial Markets and Head of Finance for Corporate and Institutional Banking.

Craig has 20 years in financial services with deep experience in supporting banking, financial markets and wealth business.

Craig holds a Bachelor and post graduate Diploma of Business Science, Accounting and Finance from the University of Cape Town.

Emma Murphy

Executive Manager, Risk, Super, Investments, Platforms and Operations

Emma Murphy commenced with BT in January 2020. Emma has 25 years’ domestic and international experience in financial services across Financial Markets, Banking, Superannuation, Insurance and Wealth. For the last 15 years Emma has worked in risk and compliance roles.

Emma holds a Masters in Financial Management and a Post Graduate in the Psychology of Risk.

Stuart Hall

Head of Controls and Remediation

Stuart Hall joined the Westpac Group in 2002.

Before recently joining BT, Stuart was Chief Operating Officer for the Customer and Corporate Relations division within Westpac. In previous roles, Stuart has had responsibility for first line risk performance, delivery of strategic programs and process and system redesign. Stuart has had an extensive 40 year career in the financial services industry, holding senior positions across a number of organisations. 

Stuart holds a Bachelor of Applied Economics from the University of South Australia

Nathan Dearinger

Head of Business Risk and Regulatory COE

Nathan Dearinger commenced as Head of Business Risk and Regulatory Centre of Excellence in February 2020. Nathan has 25 years' experience in risk and compliance across the financial services industry including across; Superannuation, Banking, Wealth Management, and the Australian Taxation Office and holds a Bachelor Degree in Taxation and an Advanced Diploma in Financial Services (Superannuation).

Non-executive Directors

David Plumb

Independent, Non-executive Director (1 March 2011 to present), Chairman (16 November 2015 to present)

David Plumb was appointed as a director of the Superannuation Boards in 2011; he served as Chairman of the Board Audit, Risk and Compliance Committee from 2011 to November 2015 and serves on the Board Investment Committee. David was appointed as Chairman of the Superannuation Boards on 16 November 2015.

David has more than 28 years' financial services experience, having operated at a Director, Executive and Adviser level principally within the superannuation, funds management, advice and insurance sectors.

In addition to his roles with BT, David is currently a Director on the Board of Insurance and Care NSW, serves on the Compliance Committee for Blackrock Investment Management and consults to organisations on Finance, Strategy and Organisational Change. David is a Graduate Member of the Australian Institute of Company Directors, a Fellow of the Institute of Chartered Accountants and holds a Master of Economics – Professional Accounting from Macquarie University.

Robin Burns

Independent, Non-executive Director (1 July 2019 to present)

Robin was appointed as a director of the Superannuation Boards on 1 July 2019 and serves on the Board Investment Committee and Board Audit, Risk & Compliance Committee. Effective 10 July 2019, Robin will become the Chairman of the Board Investment Committee.

Robin held senior executive roles in financial services for over 25 years in a range of enterprises. He was Managing Director of Equity Trustees Ltd from 2010 to 2016 and since then has held a number of non-executive director positions. Before Equity Trustees he spent 8 years as CEO of the Equipsuper superannuation fund and held previous positions as GM Corporate Affairs, AXA Asia Pacific, CEO Risk,  AXA Australia, and Managing Director of Prudential-Bache Securities (Australia). His earlier experience was as a CFO.

Robin is a past member of the Chartered Accounting Institutes in England & Wales and Australia and was a personal member of the Australian Stock Exchange. He is a Fellow of the Australian Institute of Company Directors. He served on the board of the Financial Services Council until 2016, chairing a number of Board Committees.

He is currently Chairman of Indue Limited, a non-executive director of Defence Health Ltd, 8IP Emerging Companies Limited and The Weary Dunlop Rugby Foundation Ltd., and an independent member of the PIMCO Australia Compliance Committee.

Michael Cottier

Independent, Non-executive Director (16 November 2015 to present)

Michael Cottier was appointed as a Director of the Superannuation Boards in November 2015 and serves as Chairman of the Board Audit, Risk and Compliance Committee.

Michael is an experienced financial service professional with expertise in finance and taxation. Michael’s most recent Executive role was as CFO, QSuper Limited. Michael has also worked at QIC Limited and Suncorp Group Limited.

Michael is a Fellow of the Australian Institute of Company Directors, a Fellow of Chartered Accountants ANZ (FCA), and holds a Masters in Taxation from The University of Queensland.

Michael is on the Boards of Stadiums Queensland (Chair of Audit and Risk Committee), Metro Arts, Queensland Teachers Union Health Limited (chair of Risk Committee), and Blue Sky Alternatives Access Fund Limited (Chair of Audit and Risk Committee), and previously served as a member of the ASFA Governance & Regulatory Council.

Doug Carmichael

Independent, Non-executive Director (1 July 2020 to present)

Doug was appointed as a director of the Superannuation Boards in July 2020. Doug has more than 30 years financial services experience most recently as the Commonwealth Bank Group Super chief executive where he led the trustee services team assisting the Group Super board in the development and execution of strategies to achieve member satisfaction, fund growth and member retention.

He previously was general manager of strategic operations and risk management for Australian Administration Services.

Doug is a Founding Director and current President of the Canadian Australian Chamber of Commerce and was previously a Director of the Fund Executives Association Limited.

Doug was educated at Mount Allison University, Canada, and holds a Bachelor of Commerce.

Executive Remuneration Summary

Register of Relevant Duties & Relevant Interests

Open Superannuation Products
Product Disclosure Statements & Additional Information

Product updates & disclosure notices

Annual financial report

Financial Services Guide

BT Super for Life

BT Super For Life Annual Report

BT Super for Life Financial Services Guide

BT Super

 

BT Super Annual Report

BT Super Financial Services Guide (FSG)

BT Super Invest

 

BT Panorama Financial Services Guide (FSG)

BT Lifetime Super - Employer Plan
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  • This product is now closed.

BT Lifetime Super Employer Plan Annual Report June 2019

BT Lifetime Super Employer Plan : Teradata Australia Defined Benefit Plan Annual Report June 2019

BT Lifetime Super - Employer Plan: SIMS Group Defined Benefit Plan Annual Report  June 2019

BT Lifetime Super - Employer Plan: NCR Australia Defined Benefit Plan Annual Report June 2019

BT Lifetime Super - Employer Plan: Millennium Inorganic Chemicals Defined Benefit Plan Annual Report June 2019

BT Funds Management Limited Financial Services Guide

BT Lifetime Super – Personal Plan

BT Lifetime Super – Personal Plan Product Updates

BT Lifetime Super – Personal Plan Annual Report June 2017

BT Funds Management Limited Financial Services Guide

BT SuperWrap

BT SuperWrap Annual Report June 2019

BT SuperWrap Annual Report June 2018

BT SuperWrap Annual Report June 2017

BT SuperWrap Annual Report June 2016

BT SuperWrap Annual Report June 2015

BT SuperWrap Annual Report June 2014

BT SuperWrap Annual Report June 2013

BT Portfolio Services Financial Services Guide

BT Funds Management Limited Financial Services Guide

Asgard eWRAP Super/Pension

Asgard Super & Pension Annual Report 2019

Asgard Super & Pension Annual Report June 2018

Asgard Super & Pension Annual Report June 2017

Asgard Super & Pension Annual Report June 2016

Asgard Super & Pension Annual Report June 2015

Asgard Super & Pension Annual Report June 2014

Asgard Super & Pension Annual Report June 2013

BT Funds Management Limited Financial Services Guide

Asgard Financial Services Guide

Asgard eWRAP Infinity Super/Pension

Asgard Super & Pension Annual Report 2019

Asgard Super & Pension Annual Report June 2018

Asgard Super & Pension Annual Report June 2017

Asgard Super & Pension Annual Report June 2016

Asgard Super & Pension Annual Report June 2015

Asgard Super & Pension Annual Report June 2014

Asgard Super & Pension Annual Report June 2013

BT Funds Management Limited Financial Services Guide

Asgard Financial Services Guide

Asgard Elements Super/Pension

Asgard Super & Pension Annual Report 2019

Asgard Super & Pension Annual Report June 2018

Asgard Super & Pension Annual Report June 2017

Asgard Super & Pension Annual Report June 2016

Asgard Super & Pension Annual Report June 2015

Asgard Super & Pension Annual Report June 2014

Asgard Super & Pension Annual Report June 2013

BT Funds Management Limited Financial Services Guide

Asgard Financial Services Guide

Asgard Managed Profiles and Separately Managed Accounts - Funds Super/Pension

Asgard Super & Pension Annual Report 2019

Asgard Super & Pension Annual Report June 2018

Asgard Super & Pension Annual Report June 2017

Asgard Super & Pension Annual Report June 2016

Asgard Super & Pension Annual Report June 2015

Asgard Super & Pension Annual Report June 2014

Asgard Super & Pension Annual Report June 2013

BT Funds Management Limited Financial Services Guide

Asgard Financial Services Guide

Asgard Employee Super Accounts

Asgard Super & Pension Annual Report 2019

Asgard Super & Pension Annual Report June 2018

Asgard Super & Pension Annual Report June 2017

Asgard Super & Pension Annual Report June 2016

Asgard Super & Pension Annual Report June 2015

Asgard Super & Pension Annual Report June 2014

Asgard Super & Pension Annual Report June 2013

BT Funds Management Limited Financial Services Guide

Asgard Financial Services Guide

Panorama Super

 

Annual Report June 2019

Annual Report June 2018

 

 

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