New Chair for Prime Super

One of Australia’s fastest growing superannuation funds, Prime Super, has appointed a new Chair, Nigel Alexander, to lead the independent fund into its next growth phase.

Mr Alexander was appointed following an extensive search process. He has wide experience as a board chair across a range of industries including agribusiness, not-for-profit advocacy and member-owned mutual organisations, ideally placing him for his new role.

The Australian Financial Review recently cited the DEXX&R report rating Prime Super as one of the top 5 fastest growing funds in Australia with a 35.95% growth over the last year.

“Prime Super is already a proven performer,” Mr Alexander said. “The Fund has great potential and is well positioned for the future.  I am looking forward to collaborating with fellow Board Directors and the Executive team to continue its strong growth.”

Alexander will be leveraging his recent experiences as Chair of both UnitingCare Queensland and the Royal Flying Doctor Service Foundation towards charting the long-term success of the business. His previous roles include Chair of RACQ Limited and RACQ Insurance, CEO and Executive Chair of the North Australian Pastoral Company and Director of both AgForce and the Cattle Council of Australia.

During his time at RACQ he oversaw its transformational expansion into financial services via its merger with the Queensland Teachers Mutual Bank.

The appointment follows the retirement of Alan Bowman, who gave 19 years of service as a Director of the Fund, the last nine of those years as Chairman.

“I would like to thank Alan Bowman for his exemplary leadership of Prime Super. He has steered the Fund through two significant mergers over the past five years and ensured it is not only a financially sustainable organisation, but that it is on course for continued growth.

“It is also important to recognise the major contribution of David Cooper, who has retired from the board of the Fund after ten years as a Director and over two decades of involvement with the Fund in other capacities. And to acknowledge the contributions of Gary Bonello and Ray Russell, who assisted with the transition of Prime Super’s merger with Combined Super last year. I am fortunate to be taking on the role of Chair in these exciting times,” Mr Alexander said.

Additional notes:

• Former Chairman of RACQ including the wholly owned subsidiary,  RACQ Insurance, Queensland’s largest member owned mutual organisation with 1.6 million members and assets of $2.4 billion, including an APRA regulated insurance company and mutual bank.
• Chairman of UnitingCare Queensland, a not for profit organisation with over 17,000 employees and 9,000 volunteers providing health, aged care, disability and community services across Queensland including rural and regional communities.
• Chairman of the Royal Flying Doctor Service Foundation, a newly formed foundation in 2019, to manage and grow the investment portfolio of the Royal Flying Doctor Service to support the RFDS improve the health of people in remote, rural and regional Queensland.
• Former CEO and Executive Chairman of the North Australian Pastoral Company (NAPCo).
• Former director of both AgForce and the Cattle Council of Australia.