Additional disclosure - BT Funds Management Limited

Executive Summary

Executive Officers
  • John Shuttleworth - Executive Director, Superannuation Boards & General Manager, Platforms and Investments

    John Shuttleworth

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

    John Shuttleworth was appointed General Manager, Platforms & Operations, BT Financial Group in September 2012. In this role John looks after platforms (BT Wrap and Asgard), distribution, operations, tax and accounting, the fund manager governance team, as well as the Group's NextGen project which is designed to support the evolving needs of key customers including advisers, dealer groups and investors. John has been served as an Executive Director of the Superannuation Boards since 2008.

    John joined BT Financial Group in 2004 as General Manager of Group Marketing, leading the project team that developed BT Super for Life. Since then he has had held several roles including General Manager, Business Transformations; General Manager Superannuation & Investment Solutions and General Manager Platforms Marketing & Communication.

    Before joining BT, John co-founded an internet technology company that grew rapidly from a start-up into a successful services firm before being sold to a NASDAQ listed company. John has more than 25 years management experience with a core focus on products, marketing and sales, having worked with organisations including Unilever, Reckitt Benckiser, The Smith Snackfood Company and Amalgamated Holdings. John is a Graduate Member of the Australian Institute of Company Director and holds a Bachelor of Commerce from the University of New South Wales.

  • Melinda Howes - Executive Director, Superannuation Boards & General Manager, Superannuation

    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.

  • Brad Cooper - Chief Executive

    Brad Cooper

    Chief Executive
    BT Financial Group

    The Chief Executive of BT Financial Group, Brad Cooper brings his passion for customers and his experience of over 20 years in business leadership roles to the organisation.

    Prior to joining BT Financial Group, Brad led the merger of St.George and Westpac as the Westpac Group’s Chief Transformation Officer.

    Brad joined the Westpac Group in April 2007 as the Chief Executive of Westpac New Zealand. Prior to joining Westpac, Brad was Chairman of GE Capital Bank and Chief Executive Officer of GE Consumer Finance UK & Ireland. He drove GE's UK Six Sigma program and was certified as a Quality Leader (Black Belt) in December 2002. He was promoted to Chief Executive Officer of GE Consumer Finance UK in January 2003 and appointed Chairman of GE Capital Bank in April 2004.

  • Yvonne Le Bas - Chief Financial Officer

    Yvonne Le Bas

    Chief Financial Officer
    BT Financial Group

    Yvonne was appointed as Chief Financial Officer, BT Financial Group in February 2016. Yvonne first joined Westpac Group in 2007, and has held a number of executive roles including Acting Deputy CFO, CFO Group Services, General Manager Enterprise Investments & Delivery, CFO St George Integration / GM Finance Transformation and General Manager Productivity & Process Excellence.

    Prior to joining Westpac, Yvonne was General Manager, Decision Support Australia at NAB and General Manager Strategy at MLC Corporate Development.

    Yvonne is a Fellow of the Australian and England & Wales Chartered Accountants and a Member of the Australian Institute of Company Directors. She holds a Bachelor of Business Studies and Master of Art from Trinity College Dublin, Graduate Management Qualification from AGSM. In 2013, Yvonne was awarded Westpac’s General Manager of the Year Award and in 2015 and in 2013 was a finalist for Westpac’s Women of Influence internal awards.

  • Leslie Vance - Chief Risk Officer
    Leslie Vance

    Leslie Vance

    Chief Risk Officer
    BT Financial Group

    Leslie Vance is the Chief Risk Officer, BT Financial Group. Prior to this, Leslie held the role of Group General Manager, Core Transformation at Westpac Banking Corporation.

    Previously at Westpac, Leslie was Chief Operating Officer of Technology. Prior to that, General Manager of Investments & Business Partnering and has previously held the role of Corporate Counsel for Secretariat & Corporate, where he was responsible for Group Secretariat and the corporate legal function across the Group.

    Prior to joining Westpac in 2008, Leslie was Group Executive for External Funds at Investa Property Group and Chief Executive for Gaming at TAB Limited. He has also held strategic project roles with Racing NSW.

    Leslie is the Chairman of the Royal Hospital for Women Foundation Limited.

    Leslie holds a Bachelor of Commerce and a Bachelor of Laws with Honours, both from University of Queensland.

  • Andrew Walker - Chief Operating Officer

    Andrew Walker

    Chief Operating Officer
    BT Financial Group

    Andrew Walker was appointed Chief Operating Officer, BT Financial Group in December 2015 to develop centres of excellence and drive horizontal connectivity across BT and Westpac Group. Andrew is an experienced executive with knowledge of all parts of the wealth value chain and deep expertise in delivering transformational change.

    Andrew joined BT Financial Group in 2013 as Senior Head of Strategy, leading Westpac's wealth strategy and the business strategy for BT Financial Group. Andrew has broad experience across multiple industries (and regions) including corporate development, strategic analysis, M&A, capital raisings and turnarounds.

    Before joining BT, Andrew was Managing Director of corporate advisory firm Radius Capital Limited and the CEO of Dorchester Pacific Group, a NZ listed multidivisional financial services group with operations across Finance, Insurance, Funds Management and Advice. Prior to this Andrew was Associate Partner with investment banking and venture capital firms Clavell Capital (NZ) and Fremont Partners (US).

    Andrew completed his MBA at the Stanford Graduate School of Business in 2003.

  • Patrick Farrell - Head of Advance Asset Management and Chief Investment Officer

    Patrick Farrell

    Head of Advance Asset Management and Chief Investment Officer
    BT Financial Group

    Patrick has 25 years' experience in the investment industry, managing direct institutional portfolios across a broad range of disciplines. Patrick joined Advance in June 2007, and since then has led the stable and highly experienced investment team to multiple industry accolades and awards, including Money Magazine's "Best Fund Manager" in 2012 and 2013, and "Best Multi-Sector Fund" in 2013 and 2014.

    Patrick has extensive knowledge of fixed interest, multi-manager and tactical asset allocation portfolio management. Before joining Advance, Patrick was Head of Multi-Manager and Tactical Asset Allocation at IAG Asset Management - a role that encompassed managing asset class exposures, direct hedge fund management, alpha transport strategies, multi-manager portfolio construction and major portfolio protection strategies. Patrick also has a Bachelor of Science majoring in pure and applied mathematics, and has served on various Investment Committees and Superannuation Boards.

  • Lisa Gavin - Head of Tax and Accounting Services, Platforms & Investments

    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).

  • Tom Griffiths - Head of Product, Superannuation

    Tom Griffiths

    Head of Product, Superannuation
    BT Financial Group

    Tom is the Head of Product for the Superannuation business.

    He has worked for over 20 years in financial services with specific focus on the wealth management and insurance industry. He brings with him a strong understanding of BTFG and intimate knowledge across product development, general management and business development.

    He joined BTFG in 2008 and his roles have included National Manager of Product for Super and Retail Investments and Head of Strategic Initiatives within the Investments and Insurance business. Tom is passionate about leading change with a view to delivering outstanding customer and business outcomes.

    Before joining BTFG, Tom held a number of roles within ING Australia including Head of Product and Northern Region Manager. Prior to this, Tom began his career at Banker Trust and held a variety of roles primarily in product development.

    Tom graduated with a Bachelor of Commerce from the University of New South Wales with majors in Finance and Economics.

  • Kelly Power - Head of Platforms, Platforms & Investments

    Kelly Power

    Head of Platforms, Platforms & Investments
    BT Financial Group

    Kelly joined St George Bank in 2005 and currently oversees the management of BTFG's platform solutions, which includes both Asgard and BT Wrap. Kelly is responsible for competitiveness of the BT platforms, ensuring they continue to innovate and meet the needs of the adviser and investor communities, in turn growing BTFG's market share.

    Kelly has over 11 years experience in the financial services market and prior to this role, Kelly held various other product roles with MLC and BT. Kelly has a degree in Communications, and holds a diploma in financial services and a diploma of management.

  • Matthew Englund - Head of Workplace Super, Superannuation

    Matthew Englund

    Head of Workplace Super, Superannuation
    BT Financial Group

    Matt is the Head of Workplace Super and is responsible for driving revenue through customer acquisition and retention in Workplace Super offers.

    Prior to this appointment, Matt led Securitor Financial Group, a part of BT Financial Group's Advice business, since 2010. Securitor provides licensing and practice support to over 450 advisers nationally. Matt previously led BT Financial Group's Practice Management function which is responsible for providing dealer services across the Advice and Private Banking businesses. Matt also spent nine years with Colonial First State, where he held several senior management roles, including Head of Advice Solutions and Head of Distribution Development.

    Matt holds a Bachelor of Business (UTS), a Graduate Diploma in Financial Planning (SIA) and is a Graduate member of the Australian Institute of Company Directors.

  • Bettina Fischer - Head of Program Delivery, Superannuation

    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.

  • Adam Douglas – Head of Business Risk & Regulatory Centre of Excellence, Superannuation

    Adam Douglas

    Head of Business Risk & Regulatory Centre of Excellence, Superannuation
    BT Financial Group

    Adam was appointed Head of Business Risk & Regulatory Centre of Excellence for BT Financial Group's Superannuation business in May 2015. In this role, he's responsible for ensuring the BT Superannuation business has sustainable, efficient and compliant business processes and frameworks in place which enable it to strategically leverage legislative and regulatory change.

    Prior to being appointed to this role, Adam was responsible for leading the delivery of BT's regulatory change program across the Superannuation business.

    With over 18 years in the financial services sector in Australia, Adam has worked across the areas of product strategy and development, sales planning and development, strategic program implementation and risk and compliance. Senior roles within Westpac and BT have included Head of Change & Training, Westpac Group Risk, Program Director of the enterprise-wide Heath, Safety & Wellbeing Transformation Program, and Head of Product Development and Strategic Projects at BT.

    Adam is Westpac's Lead Mentor for the School for Social Entrepreneurs and has been a Director of the Westpac Employee Assistance Foundation since 2011.

    Adam holds a Bachelor of Arts from the University of Sydney and is a member of the Australian Institute of Company Directors.

Non-executive Directors
  • David Plumb - Independent, Non-executive Director, Chairman
    David Plumb

    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.

  • Lorraine Berends - Independent, Non-executive Director
    Lorraine Berends

    Lorraine Berends

    Independent, Non-executive Director
    (10 July 2014 to present)

    Lorraine Berends was appointed as a director of the Superannuation Boards in 2014. She chairs the Board Investment Committee and serves on the Board Audit, Risk and Compliance Committee

    Lorraine has worked for over 30 years in the Australian financial services industry, specialising in superannuation and funds management.

    Lorraine served on the Board of the Association of Superannuation Funds of Australia (ASFA) for 12 years (including 3 years as Chair) and the Board of the Investment Management Consultants Association (IMCA australia) for 13 years (including 7 years as Chair). Lorraine was awarded Life membership of ASFA in November 2009 "in recognition of exceptional service to the industry".

    Lorraine joined Marvin & Palmer Associates, a U.S. based global equity manager, in May 2000 with responsibility for Marvin & Palmer’s business in Australia and Asia. Lorraine was appointed the first non-US principal of Marvin & Palmer Associates in July 2001. In prior roles Lorraine consulted to superannuation funds and other institutional investors.

    Lorraine is a Fellow of the Institute of Actuaries of Australia, a Fellow of ASFA, a Graduate Member of the Australian Institute of Company Directors and holds a Bachelor of Science from Monash University, Melbourne. Lorraine is a Specialist Member on the Investment Committee of QSuper.

  • Michael Cottier - Independent, Non-executive Director
    Michael Cottier

    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 services 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 CPA Australia, a Fellow of The Tax Institute and holds a Masters in Taxation from The University of Queensland.

    Michael is on the Board of the Mortgage & Finance Association of Australia, Stadiums Queensland and Metro Arts, Queensland Teachers Union Health Limited and previously served as a member of the ASFA Governance & Regulatory Council.

  • Jane Perry - Independent, Non-executive Director
    Jane Perry

    Jane Perry

    Independent, Non-executive Director
    (1 February 2016 to present)

    Jane was appointed as a director of the Superannuation Boards in February 2016. She serves on the Investment Committee and the Board Audit, Risk and Compliance Committee.

    Jane has more than 25 years business leadership experience, predominantly in financial services. She retired from her role as Chief Executive Officer, Qantas Super, in December 2015 and was previously Chief Executive Officer of J.P. Morgan Treasury and Securities Services Australia and New Zealand. In March 2011 Jane was recognised as the Custodian Banker of the Year in the Asset Asian Awards and in November 2010, she was inducted into the YWCA’s Academy of Women Leaders in New York. Jane’s earlier career included roles as General Manager People and Chief Operations Officer for AXA’s Australia and New Zealand franchise and Associate Director of KPMG Management Consulting.

    Jane has previously held board positions with the Association of Superannuation Funds of Australia (ASFA) where she chaired the Policy Committee and served on the Member Services Committee, National Mutual Superannuation Pty Ltd, National Mutual Staff Superannuation Plan, J.P. Morgan Nominees Australia Limited, the Victorian Arts Centre and the Australian Brandenburg Orchestra.

    Jane is currently a member of the Salvation Army Advisory Board where she chairs the Risk Sub-Committee and serves on the Risk and Audit Board and the Employment Plus Board. She is a Director of the Sydney Financial Forum.

    Jane was educated at Macquarie University, Sydney, and holds Bachelor of Arts and Bachelor of Science degrees, as well as a Diploma of Education.

Executive Remuneration Summary
Register of Relevant Duties & Interests

RSE Governance

Policies

Records & Registers

Superannuation Products

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 June 2015

BT Super for Life Financial Services Guide

BT Lifetime Super - Employer Plan

BT Lifetime Super Employer Plan Annual Report June 2015

BT Lifetime Super Employer Plan : Teradata Australia Defined Benefit Plan Annual Report June 2015

BT Lifetime Super - Employer Plan: SIMS Group Defined Benefit Plan Annual Report  June 2015

BT Lifetime Super - Employer Plan: NCR Australia Defined Benefit Plan Annual Report June 2015

BT Lifetime Super - Employer Plan: Millennium Inorganic Chemicals Defined Benefit Plan Annual Report June 2015

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 2015

BT Funds Management Limited Financial Services Guide

BT SuperWrap

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

Significant Event Notice July 2015

Significant Event Notice December 2014

Significant Event Notice - Asgard Personal Protection Package December 2014

Significant Event Notice June 2014

Significant Event Notice June 2013

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

Significant Event Notice July 2015

Significant Event Notice December 2014

Significant Event Notice - Asgard Personal Protection Package December 2014

Significant Event Notice June 2014

Significant Event Notice June 2013

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

Significant Event Notice July 2015

Significant Event Notice December 2014

Significant Event Notice - Asgard Personal Protection Package December 2014

Significant Event Notice June 2014

Significant Event Notice June 2013

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

Significant Event Notice July 2015

Significant Event Notice December 2014

Significant Event Notice - Asgard Personal Protection Package December 2014

Significant Event Notice June 2014

Significant Event Notice June 2013

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

Significant Event Notice - Changes impacting your Asgard Employee Super Account - July 2015

Significant Event Notice - Buy-sell spread changes impacted Asgard MySuper Lifestage Managed Investment Options - May 2015

Significant Event Notice - Understanding the insurance changes to your Asgard Employee Super Account March 2015

Significant Event Notice December 2014

Significant Event Notice - Asgard Personal Protection Package December 2014

Significant Event Notice June 2014

Significant Event Notice June 2013

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

We are required by law to show a summary of significant event and material change notifications issued to members for the past two years. Please note that these events and change notices are for information purposes as they have already been communicated to affected members.
Our annual financial reports are issued in respect of each financial year. The previous financial year’s annual report will be available by mid-October 2014.