Wishing Mr. Michael Clancy greater responsibilities and exciting challenges in this impressive new chapter!
Rest has officially appointed Michael Clancy, the former CEO of Qantas Super, as its next Chief Investment Officer (CIO). This change follows the departure of Andrew Lill, Rest’s first-ever CIO, who stepped down last October to take on an interim investment leadership role at another super fund.
During the transition, Kiran Singh, head of listed assets, and Simon Esposito, head of private markets and deputy CIO, served as interim co-CIOs. Rest’s CEO, Vicki Doyle, expressed strong confidence in Clancy, describing him as “a seasoned investment leader with the expertise to steer our more than 140-strong investment team towards these ambitions.”
Clancy’s commitment to delivering strong returns to members is well known. Doyle added, “Michael is keenly aware of the imperative to deliver strong investment returns to members and he has a personal passion for super funds doing all they can to help members build confidence in their financial futures.” She also highlighted his “extensive experience leading high-performing teams and fostering a culture of trust, transparency, and accountability, while successfully navigating the evolving superannuation landscape and delivering competitive member outcomes.”
Before this new chapter, Clancy led Qantas Super for over nine years, overseeing the fund when it managed $9 billion for 25,000 members. The fund, originally created for employees of Australia’s largest airline, merged with Australian Retirement Trust earlier this year. Under his leadership, Qantas Super’s default growth option returned an impressive 10.1% for the year ending June 2024, with a solid 7.3% annual return over the past decade.
Clancy’s earlier career spans over 14 years at National Australia Bank, where he was the executive general manager of Investment Platforms in the Wealth division. He also chairs CFA Society Australia.
On his appointment, Clancy shared, “I am honoured to be joining Rest as the fund moves into its next phase of growth and to lead an investment team with a well-earned reputation for delivering value to members.”
Rest is one of Australia’s top industry super funds, managing $93 billion in assets for over two million members as of March 2025. Singh and Esposito will continue their interim co-CIO roles until Clancy officially starts on August 11.
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