Industry super fund Equip has confirmed plans to merge with the Rio Tinto Staff Superannuation Fund.

The merged entity will manage $14bn and will operate under the Equip brand. It will have over 75,000 members.

The combined group will be led by Nicholas Vamvakas as CEO. Equip also appointed two additional independent directors, thereby incorporating the one third/one third/one third governance structure.

The group’s member directors are Jan Dekker, Pippa Leary and Jane Simon; employer directors are John Azaris, Mark Cerche and Michael Clinch; and independent directors are Andrew Fairley, Justine Hickley and Wayne Walker.

Equip chair Andrew Fairley said: “Nick is supported by a strong team at Equip that has been able to continue to roll out new products, services and platforms while successfully bringing this merger to fruition. The Equip team will be supplemented and strengthened by the addition of the former Rio Tinto Staff Superannuation Fund employees.

“Our focus will be to provide personalised services to members and customised reporting and advice to corporate clients. This will be the key future retention and growth and help members to achieve financial security in retirement.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.