Garry Weaven

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Chair - Industry Funds Management

February 4, 2009

Funding our future through reform of Super

 Garry Weaven believes that notwithstanding the collapse in global financial markets, Australia has a world class superannuation system.

However he believes that it could perform much better if the marketing of super favoured the best performing funds.

TMr Weaven says that  currently this is not the case and the cost is substantial.  He argues that investment markets now hold great opportunity but it will be a large challenge to ensure that investment is channelled to our future infrastructure needs including an appropriate response to climate change. 

Garry Weaven is Chair of Industry Funds Management, a leading investment service provider to the superannuation industry.

Mr Weaven is also a Director of Members Equity Bank, which is owned by 40 superannuation funds, and of Pacific Hydro, a world leader in renewable energy.

He is also a Board Member of VicUrban, the Victorian Government’s residential and urban renewal development agency, and was a foundation board member of Melbourne’s Docklands Authority.

He was recently appointed to the Federal Government’s Superannuation Advisory Committee and to Infrastructure Australia the body charged with advising Government on priorities for infrastructure. His involvement with the superannuation and funds management industry follows a successful career in the union movement which culminated in being elected Assistant Secretary of the ACTU in 1986. He played a seminal role in the development of the industry superannuation fund movement and in 1994 founded Industry Fund Services, a diversified financial services provider, which was successfully merged with Members Equity Bank in 2007.