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Ian Silk has stepped down as CEO of AustralianSuper. How much is his net worth? He presides over $82 billion worth of superannuation assets.
Ian Silk was appointed Chief Executive of AustralianSuper on 1 July 2006 and is responsible for the leadership and strategic direction of the fund and the provision of advice to the board.
He also played a key role in representing Australia’s retirement fund industry at the 2018 Royal Commission inquiry into financial sector misconduct.
Australian Super: Ian Silk Steps Down
Ian Silk was the Chief Executive Officer at AustralianSuper Pty Ltd.
Further, the AustralianSuper chief executive Ian Silk is stepping down from leading the country’s biggest superannuation fund, to be replaced by chief risk officer Paul Schroder.
Legend. Ian Silk to leave AustralianSuper after 15 years: @AustralianSuper https://t.co/qoLtHlJWGd
— Patrick Durkin (@patrickdurkin) July 13, 2021
He managed AustralianSuper’s growth from managing A$21 billion ($15.75 billion)in workers’ savings to over A$225 billion over the past 15 years.
Likewise, Silk had recently told the board of his intentions, said the pension fund in a statement.
According to The News Daily, “AustralianSuper chair Don Russell announced the succession plan in a statement on Tuesday morning, thanking Mr. Silk for his role in leading the fund from $21 billion in funds under management to $225 billion.”
Silk also oversaw AustralianSuper’s overseas expansion, with offices opening in London, New York, and Beijing.
Get To Know Ian Silk Net Worth And Salary
His net worth earning is said to be over $82 billion worth of superannuation assets, which is the nation’s biggest fund.
According to Herald Sun, “Chief executive of industry super fund AustralianSuper, his salary package is still handsome — it was worth $697,970 last financial year.”
Likewise, in the past seven years, AustralianSuper has grown from about $17 billion in member assets to $82 billion.
Who Is Ian Silk Wife?
His wife’s name is not known.
Ian has not revealed anything about his wife to the public yet. But, we are certain that he is a happily married man.
He grew up in modest circumstances in Ballarat and Melbourne. His father worked as a building supplies manager and his mother a part-time medical receptionist.
Silk is also the eldest of three brothers, and he was the first in his extended family to go to university, where he studied economics.
Find Ian Silk On Wikipedia
Ian Silk is absent from Wikipedia.
However, his name can be found on the official page of AustralianSuper Wikipedia page.
Sanity prevails. Super funds must not give away their members’ private data to lobbyists. https://t.co/erqeqE7emt
— Senator Andrew Bragg (@ajamesbragg) July 11, 2021
Likewise, AustralianSuper was established on 1 July 2006 through the merger of the Australian Retirement Fund (ARF) and Superannuation Trust of Australia (STA).
Furthermore, Ian belongs to Australian nationality, but his ethnicity is undiscovered.
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