Paul Schroder
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Paul Schroder
Paul Schroder (born ) is a former trade union official, and current chief executive of AustralianSuper, Australia's largest superfund by assets under management. Paul spent 20 years working in the Australian union movement before joining AustralianSuper. During this time he worked for the Finance Sector Union. in 2007 he joined AustralianSuper as the fund's general manager of business development. He later was promoted to the role of chief risk officer, prior to his appointment as chief executive of the fund in 2021 as the replacement for Ian Silk. His appointment to the role of AustralianSuper chief executive in 2021 was controversial. Journalists in The Age criticised the fund's decision to appoint him chief executive to replace Ian Silk instead of pursuing an international search process. Of the appointment, they said it 'did little to rescue the super sector's reputation as a storehouse for former Labor/union types'. As of 2023 his annual salary remuneration as the fund's ...
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AustralianSuper
AustralianSuper is an Australian superannuation fund headquartered in Melbourne, Victoria. It is an industry super fund, and so operates through a mutual fund structure. With over 340 billion of retirement savings under management and more than 3.4 million members, AustralianSuper is the largest superannuation fund in Australia and the sixteenth largest pension fund in the world. History AustralianSuper was established on 1 July 2006 through the merger of Australian Retirement Fund (ARF) and Superannuation Trust of Australia (STA). Ian Silk, who was the CEO of ARF, became the CEO of AustralianSuper; while Mark Delaney, who was the CEO of STA, became the Deputy CEO and CIO of AustralianSuper. In June 2022, Labour Union Co-operative Retirement Fund (LUCRF) Super was merged into AustralianSuper. In September 2023, AustralianSuper invested $1.5 billion into Vantage Data Centres. Also in September, The Australian securities regulator issued a lawsuit against AustralianSuper, cl ...
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Chief Risk Officer
The chief risk officer (CRO), chief risk management officer (CRMO), or chief risk and compliance officer (CRCO) of a firm or corporation is the executive accountable for enabling the efficient and effective governance of significant risks, and related opportunities, to a business and its various segments. Risks are commonly categorized as strategic, reputational, operational, financial, or compliance-related. CROs are accountable to the Executive Committee and The Board for enabling the business to balance risk and reward. In more complex organizations, they are generally responsible for coordinating the organization's Enterprise Risk Management (ERM) approach. The CRO is responsible for assessing and mitigating significant competitive, regulatory, and technological threats to a firm's capital and earnings. The CRO roles and responsibilities vary depending on the size of the organization and industry. The CRO works to ensure that the firm is compliant with government regulations, ...
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Trade Unions In Australia
The Australian labour movement began in the early 19th century and since the late 19th century has included industrial (Australian unions) and political wings (Australian Labor Party). Trade unions in Australia may be formed on the basis of craft unionism, general unionism, or industrial unionism. Almost all unions in Australia are affiliated with the Australian Council of Trade Unions (ACTU). Many unions have undergone a significant process of amalgamations, especially in the late 1980s and early 1990s. The leadership and membership of unions hold and have at other times held a wide range of political views, including socialist, democratic and right-wing views. According to ABS figures, in August 2013, there were 1.7 million members of trade unions in relation to their main job (17% of all employees). A further 4% did not know whether they were trade union members or not, while 1% were trade union members not in conjunction with their main job. Of those who were a trade union m ...
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Superannuation In Australia
Superannuation in Australia, or "super", is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement. Employers make compulsory payments to these funds at a proportion of their employee's wages. Currently set at 11.5%, from 1 July 2025, the mandatory minimum "guarantee" contribution is 12%. The superannuation guarantee was introduced by the Hawke government to promote self-funded retirement savings, reducing reliance on a publicly funded pension system. Legislation to support the introduction of the superannuation guarantee was passed by the Keating Government in 1992. Contributions to superannuation accounts are subject to a concessional income tax rate of 15%. This means that for most Australians, the tax on their earned income sent to a superannuation account is less than the income tax on earned income sent to their bank account. Australians c ...
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Assets Under Management
In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institution—or a decentralized network protocol manages and invests, typically on behalf of its clients. Funds may be managed for clients, platform users, or solely for themselves, such as in the case of a financial institution which has mutual funds or holds its own venture capital. The definition and formula for calculating AUM may differ from one entity to another. Overview Assets under management is a popular metric used within the traditional investment industry as well as for , such as cryptocurrency, to measure the size and success of an investment management entity. AUM represents the market value of all of the securities that a financial entity owns and manages, or simply manages. The AUM of an entity is often compared with historical d ...
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Finance Sector Union
The Finance Sector Union of Australia (FSU) is a white collar trade union that represents professionals working in the Banking, Finance, Insurance and Superannuation industries in Australia. The FSU was formed from the amalgamation in 1991 of various smaller unions drawn from the banking, insurance, trustee, brokering, and general finance industries. History The origins of the Finance Sector Union of Australia (FSU) extend back to 1919, when the Australian Bank Officers' Association (ABOA) was formed. The Australian Insurance Staffs' Federation (AISF) followed in 1920. An abortive attempt had been made to form an association of bank officers in 1913, but the bank clerk responsible for the move was discovered and summarily dismissed. However, ex-servicemen returning from the trenches of World War I were in no mood to be dealt with in the same way, and it was the self-belief which they had developed on the battlefields of France and the Middle East which gave them the confidence to ...
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Ian Silk
Ian Silk is an Australian business executive. Career Silk worked as a forklift driver briefly, before working as a senior state government public servant. His first role in the super industry was obtained with the assistance of Bill Kelty, secretary of the ACTU. He was later appointed chief executive of AustralianSuper, a role he held for 15 years. Under Silk's tenure, AustralianSuper's nominal funds under management grew from $21 billion to $225 billion. He took the fund from a 'small fry born of compulsory superannuation legislation in the 1990s to a major global player. Following his retirement from the super industry, Ian was appointed to the boards of Hawthorn Football Club and Crown Melbourne. His appointment to Crown was supported by its new owner, Blackstone. Personal life Silk has children. His brother Gary Silk was a victim of the Silk–Miller police murders. See also * Industry Super * Australian Labor Party The Australian Labor Party (ALP), also k ...
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Industry Superannuation Fund
An industry superannuation fund (or, simply, 'industry fund') are Australian superannuation funds that historically were established by Australian trade unions to manage retirement savings for workers in their industry. Funds other than industry funds are referred to as ' retail funds'. Most, though not all, industry funds are member of the sector peak body Industry Super Australia. Nevertheless, all industry super funds have operation from inception through a not-for-profit, mutual fund structure. All profits from fund operations are retained by the fund membership, a fact prominent in marketing campaigns run by the peak body. Formerly, specific industry funds could only be joined and contributed to by employees working in the establishing union's corresponding industry. Following reforms, most fund memberships are not restricted in this way, instead being 'public offer funds' regulated by the Australian Prudential Regulation Authority. For circumstances relating to their ...
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Australian Labor Party
The Australian Labor Party (ALP), also known as the Labor Party or simply Labor, is the major Centre-left politics, centre-left List of political parties in Australia, political party in Australia and one of two Major party, major parties in Politics of Australia, Australian politics, along with the Centre-right politics, centre-right Liberal Party of Australia. The party has been in government since the 2022 Australian federal election, 2022 federal election, and with List of state and territory branches of the Australian Labor Party, political branches active in all the States and territories of Australia, Australian states and territories, they currently hold government in New South Wales, South Australia, Victoria (state), Victoria, Western Australia, and the Australian Capital Territory. As of 2025, Queensland, Tasmania and Northern Territory are the only states or territories where Labor currently forms the opposition. It is the oldest continuously operating political party ...
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Living People
Purpose: Because living persons may suffer personal harm from inappropriate information, we should watch their articles carefully. By adding an article to this category, it marks them with a notice about sources whenever someone tries to edit them, to remind them of WP:BLP (biographies of living persons) policy that these articles must maintain a neutral point of view, maintain factual accuracy, and be properly sourced. Recent changes to these articles are listed on Special:RecentChangesLinked/Living people. Organization: This category should not be sub-categorized. Entries are generally sorted by family name In many societies, a surname, family name, or last name is the mostly hereditary portion of one's personal name that indicates one's family. It is typically combined with a given name to form the full name of a person, although several give .... Maintenance: Individuals of advanced age (over 90), for whom there has been no new documentation in the last ten ...
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