The Qantas Super Board consists of five directors who are nominated and elected by our members, and five directors who are appointed by Qantas Airways Ltd.

The member-elected directors are elected by the members in accordance with the Rules for the Nomination, Appointment and Removal of Directors.

The Qantas Super Board schedules six formal meetings and a strategy session each year, but meets more frequently if required. Take a look at the record of attendance at board meetings for the past seven years.

Company-appointed Directors

Anne Ward: Chair

Qantas Superannuation Limited Board (Chair) | Investment Committee | Remuneration Committee | Nominations Committee

Anne joined the Qantas Super Board on 2 April 2004, and was appointed Chair the following year. She is a professional company director with extensive experience in the financial services sector, spanning banking, insurance, wealth management, superannuation and investments.

Anne is a Non-Executive Director and Chair of Colonial First State Investments Limited, Colonial Mutual Superannuation Pty Ltd and Avanteos Investments Limited. She is a Board Member of the MYOB Group Ltd and Redbubble Ltd (both ASX-listed) and is Chairman of the Zoological Parks and Gardens Board in Victoria.

Anne is currently a member of the Council at RMIT University, the Chair of the Centre for Investor Education, a Director of the Foundation for Imaging Research, and a Governor of the Howard Florey Neuroscience Institutes. Prior to becoming a professional director, Anne was a commercial lawyer for 28 years and was General Counsel for Australia at the National Australia Bank. She holds a Bachelor of Laws and a Bachelor of Arts from the University of Melbourne. Anne is admitted as a barrister and solicitor in the Supreme Court of Victoria, and is a Fellow of the Australian Institute of Company Directors.

June 2018

Paul Costello

Investment Committee (Chair) | Remuneration Committee | Insurance Committee

Paul Costello was appointed to the Qantas Super Board on 26 May 2014. Paul has extensive experience in investments, governance, operations and superannuation policy. He is currently a member of the International Advisory Council of the China Investment Corporation, and Chairman of the QIC Global Infrastructure Investment Committee.

Until recently, Paul was Chairman of the Blackstone Group in Australia and New Zealand. Between 2011 and 2012, he was an advisor to the Federal Government in the role of Associate Commissioner for the Productivity Commission review into default superannuation and Chair of the peak Consultative Group for the implementation of Stronger Super. Prior to that role, he was the inaugural Managing Director of the Future Fund and the first CEO of the New Zealand Superannuation Fund.

Paul holds a Bachelor of Arts in Business Administration from Canterbury University in New Zealand. He also has a Graduate Diploma in Business Administration from Massey University, New Zealand.

June 2018

Cecilia Ho

Investment Committee | Audit and Risk Committee | Insurance Committee

Cecilia joined Qantas in 2007 and was appointed to the Qantas Super Board on 28 January 2015. She has over 15 years’ experience in Treasury-related roles.

Cecilia is currently Treasurer Risk Management of Qantas Airways Limited and, as such, is responsible for the financial risk management for Qantas Group. This includes management of the A$4bn-plus p.a. exposure to jet fuels price risk, foreign currency risk including Qantas Airway’s U$9bn committed capital expenditure program and its operating revenues earned in more than 80 countries, interest rate risk on the Qantas A$7bn of balance sheet debt and A$4bn of off-balance sheet operating leases, as well as a cash balance and liquidity of more than A$3bn. She has also been a member of Qantas Airways’ US Pension Plan Investment Committee since June 2008.

Prior to joining Qantas, Cecilia was Treasury Dealer for Western Power. Cecilia holds a Bachelor of Commerce, a Bachelor of Science, a Graduate Diploma of Applied Finance and Investment, and is currently completing a Master of Business Administration (MBA).

June 2018

Andrew Monaghan

Audit and Risk Committee (Chair) | Nominations Committee | Remuneration Committee

Andrew Monaghan joined Qantas in 2005 and was appointed to the Qantas Super Board on 26 November 2014. He is the Executive Manager Group Audit & Risk, and is responsible for providing assurance to the Qantas Board Audit Committee on the management of risk, corporate governance and controls across the Qantas Group.

Andrew started at Qantas in the role of Airport Manager and has held several positions across the Group in portfolio areas including strategy, operations, services, transformation, property, HR and finance. He most recently held the role of Executive Manager Shared Services and Program Director for the Finance Transformation program.

Prior to joining Qantas, Andrew held a range of senior roles with Lincoln Electric including serving as a Director of the Trustee of the Lincoln Electric Superannuation Plan. Andrew holds a Bachelor of Engineering.

June 2017

Rachel Yangoyan

Member Experience Committee (Chair) | Audit and Risk Committee

Rachel joined Qantas in 2003 and was appointed to the Qantas Super Board effective 10 November 2016. She is the Executive Manager Loyalty Services, and is responsible for data and insights for the Qantas Frequent Flyer Program, loyalty program design, member engagement strategies and adjacent businesses including the Qantas Frequent Flyer reward Store, Qantas epiQure, and Qantas Golf Club.

Trained as a Chartered Accountant, Rachel commenced her career at Ernst and Young in audit and first joined Qantas in 2003 in the internal audit department. Rachel has held a range of positions throughout her time at Qantas including strategy, transformation, revenue management, customer segmentation, operations and airport contracts.

Rachel holds a Bachelor of Business and is a qualified Chartered Accountant.

June 2017

Member-elected Directors

Mark Thorpe: Group A

Insurance Committee (Chair) | Investment Committee

Mark was elected to the Qantas Super Board on 12 June 2008. He is a First Officer on the Airbus 330 and has been a pilot with Qantas since 1999. Prior to becoming a pilot, Mark was an Actuary and worked with Towers Perrin as a superannuation consultant. He has more than 20 years’ experience in various roles in the superannuation industry.

Mark holds a Bachelor of Economics, is a Fellow of the Institute of Actuaries of Australia, and is a Fellow of the Australian Institute of Company Directors.

June 2017

Bruce Roberts: Group B

Member Experience Committee | Insurance Committee | Nominations Committee

Bruce was elected to the Board on 30 September 2016. He’s been a flight attendant with Qantas Airways Ltd since 1995, and is now a Customer Service Manager in international.

Bruce was elected Vice President of the Flight Attendants Association of Australia – International in 2016. He’s also an in-shift supervisor for the Lifeline phone room and a human services worker for Wesley Mission child and youth services. Previously he volunteered as a telephone counsellor with Lifeline Melbourne.

Bruce holds a Bachelor of Psychology (Honours) through Charles Sturt University, and an Associate Diploma of Business through RMIT.

June 2018

John Sipek: Group C

Insurance Committee | Member Experience Committee | Remuneration Committee

John was elected to the Qantas Super Board on 12 August 2004. He is an Aircraft Maintenance Engineer in Battery Section Melbourne and has been with Qantas Airways Ltd for more than 20 years. John is a senior union delegate with the Aircraft Workers’ Union.

Since 2004 John has been a Councillor of Moonee Valley City Council and is currently serving as the Mayor. He last served as Mayor from 2010 to 2011.  He is also a Justice of the Peace in Victoria, and a former Victorian Multicultural Commissioner. Currently he is a Board member of the Victorian Local Governance Association,and is a long-time member of the Australian Institute of Company Directors.

John holds an Advanced Diploma of Business Management, and is studying for his Masters of Business Administration.

June 2018

Luke Murray: Group D

Member Experience Committee | Audit and Risk Committee | Investment Committee

Luke was elected by Group D Members on 20 October 2017 and appointed as a Director on 4 December 2017. He’s a Licensed Aircraft Maintenance Engineer based in Brisbane and has been with Qantas since 1987. Luke is the current Assistant Federal Secretary for the Australian Licensed Aircraft Engineers Association (ALAEA).

Luke holds a Bachelor of Business (Accountancy) with Distinction from Queensland University of Technology and a Master of Commerce in Financial Planning from Griffith University.

June 2018

Hendrik van Calcar: Group E

Hendrik was elected by Group E Members on 1 June 2018 and appointed as a Director on 21 June 2018. Hendrik’s been with Qantas since 2004 and is currently the Head of Finance for Qantas Domestic. In this role he’s responsible for the financial performance and reporting of the Domestic business unit.

Prior to joining Qantas Hendrik worked in senior finance roles in the UK telecommunications industry. Hendrik holds a Bachelor of Commerce and is a qualified Chartered Management Accountant and Treasurer.

June 2018

Management Team and Executive Office

Michael Clancy

Chief Executive Officer

Michael Clancy joined Qantas Super as Chief Executive Officer in November 2015.

Michael has more than 25 years’ experience in the financial services industry, and is a specialist in the superannuation, investment, and insurance sectors. He is a Director on the Board of the Association of Superannuation Funds Australia (ASFA), representing the Corporate Super sector. He is also a Co-Founder and Director of the cloud-based digital wealth development, education & advice service, BigFuture.

Prior to joining Qantas Super, Michael spent more than 15 years at the NAB in leadership roles in the Asset Management and Investment Platforms businesses. His key achievements included driving significant innovations such as nabtrade, MLC Wrap, and the MLC MasterKey Investment Protection product.

Michael is currently a Director on the Board of Anglicare in Sydney, where he is the Chair of the Finance and Investment Committee. He has previously served as an Executive Director and Non-Executive Director on various Boards, including the Superannuation Trustee Boards of the NAB, WealthHub Securities Limited, Plum Financial Services Limited, National Corporate Investment Services Limited, and the CFA Society of Sydney.

Michael holds a Bachelor’s degree in Finance and Economics from the University of Technology, Sydney, and is a Chartered Financial Analyst. He is a member of the Australian Institute of Company Directors, and the CFA Institute.

Feb 2018

Hugh Loughrey

Head of Legal, Risk and Compliance

Hugh is responsible for the risk management function and the provision of legal advice and support to Qantas Super. He joined Qantas Super on 28 November 2011.

Hugh has more than 25 years’ wealth management experience in Australia and overseas in a range of senior legal and risk management roles.

He has worked with pension trustee, asset management and fund administration businesses in Ireland and the UK, as well as asset and investment consultants, superannuation trustees and administrators, and broader wealth management businesses in Australia.

Prior to moving to Qantas Super, Hugh was Chief Legal Counsel at BT Financial Group, where he managed a variety of legal, risk and compliance teams during more than 10 years there.

Hugh holds a Bachelor of Civil Law and is admitted to practice law in New South Wales, England and Wales, and Ireland. He is a member of the ASFA Super System Design Council. Previously he has served as a member of a number of FSC Committees and Working Groups and the New South Wales Law Society Corporate Lawyers Committee.

May 2017

Andrew Spence

Chief Investment Officer

Andrew was appointed as the inaugural Chief Investment Officer of Qantas Superannuation Limited on 28 July 2008. In this role Andrew is directly responsible for investment governance, objectives, strategy and risk, portfolio construction, manager selection within the agreed delegations matrix, investment implementation and liquidity management.

Prior to joining Qantas Super, Andrew had 23 years’ experience in all aspects of professional money management with leadership roles in investment management and investment consulting. This included 20 years of hands-on portfolio management experience in both Australia and the UK including being sole portfolio manager for MLC’s high conviction, growth strategy with responsibility for over $1.5 billion in assets split between approximately 20 stocks.

Andrew also spent three years at investment consultant Towers Watson with responsibility for key superannuation client relationships, strategic and people management across the investment consulting team, as well as being a decision-making member of the Australian equities manager research team.

Andrew is an independent member of The University of Sydney’s Investment and Commercialisation Committee which he joined in August 2010, as well as a member of the Australian Institute of Company Directors.

Educated at the University of East Anglia, Norwich, UK, Andrew holds a Bachelor of Science (Honours) in Accounting and Finance. Andrew completed Cornell University’s High Performance Leadership certificate in June 2016 and was recently awarded the prestigious 2017 London School of Economics Executive Education Scholarship.

April 2017

Outsourced service providers

There are other companies which help Qantas Super achieve its objectives. These are known as outsourced service providers.

  • Mercer Outsourcing (Australia) Pty Ltd provides our administration services. This means they manage our member data, transaction processing and call centre.
  • Qantas Super also uses a global custodian to hold our assets and investment managers to invest our assets.

Visit our Corporate Governance page to see a list of the outsourced service providers which provide a service that may affect a material business activity of Qantas Super.

Other important stuff you might like to know

Corporate Governance

Exemplary governance is one of the core foundations of our business strategy

Reports

View our annual reports and financial statements

Media releases

Take a look at our latest releases to the media