Former Sunsuper chief joins AMP

Charlie Corbett, Investor Daily, 27 July 2007

The former chief executive of one of Australia's biggest superannuation funds, Don Luke, has migrated to AMP Capital Investors (AMP) where he began his career.

Luke joins a long line of former pension fund heavyweights that have made the switch from superannuation to funds management.

Already this year former Qantas Superannuation chief Jeremy Edmonds made the move to Colonial First State (Colonial) and MTAA trustee John Rickus joined Principal Advisory Services.

Last year former REST Super chief Neil Cochrane also joined Colonial as deputy chief executive.

Luke will join AMP's board having spent 10 years at Queensland-based Sunsuper. Under his tenure asserts under management grew to $12 billion from $600 million when he took over.

Before joining SunSuper Luke spent almost 25 years with AMP. He left SunSuper in order to focus on working on the community service sector.