Chief Investment Officer keeps Media Super on the money

Growth in Media Super members leads to appointment of Dr Jon Glass as chief investment officer.

Media Super's board decided to appoint a CIO following the merger between Print Super and JUST SUPER last year. Glass (pictured) takes up the newly created position this week and will be based in Sydney.

Glass will assist the Board and investment committee with the investment side of the business and liaise with Media Super’s asset consultants, Frontier Investment Consulting.

Chief executive officer, Ross Martin, welcomed Glass on board. “Dr Glass brings to us a wealth of experience in the financial services industry having served in the asset consulting, stock broking and funds management sectors for over 25 years. Most recently he was a director of FineAnswers, his own Sydney-based investment advisory company,” Martin said.

“This is a significant appointment for Media Super and signals our growth within the industry fund sector.”

Media Super Chairman Gerard Noonan believes that Dr Glass will play an important role taking a hands-on approach to implementing and reviewing the fund's investment strategies.

“Media Super has just marked its first anniversary following the merger of our two funds and we are in a solid position to manage the superannuation investments of our members,” he said.

According to Noonan, the past 12 months have also been a growth period for Media Super with an average of 1,000 new members joining the fund each month. Media Super, with 115,000 members in the printing, media, arts and entertainment industries, has members' funds approaching $2.5 billion.

“Given the current ongoing economic climate, Media Super, like other funds, is facing challenging times. Part of our first year plan was to consolidate the benefits of the merger. Now we are entering a new phase of the business where we will be actively looking at growing membership numbers,” he said.