Michael Bargholz appointed as a Director of the Rest Board

The Board of Rest, one of Australia’s largest superannuation funds, today announced the appointment of new Director Mr Michael Bargholz CFA from 1 October 2022.

Mr Bargholz, who has extensive executive leadership experience in investment management, is also appointed chair of the Rest Board Investment Committee, of which he has been a non-voting member since 1 September 2020.

Mr Bargholz was Chief Executive Officer, Australia of investment manager Pendal Group Limited from 2016 to 2018. He’s also held executive positions at fund management firms, including Managing Director, Australia at Fidelity International, and Chief Executive Officer and Managing Director, Australia and New Zealand with the global investment management and research firm Alliance Bernstein.

Ken Marshman, Chair of the Rest Board said, “Michael is a highly respected and experienced investment leader who will bring a valuable perspective to the Rest Board as we stay focused on helping our members achieve their personal best retirement outcomes.

“Michael’s strong investment credentials and deep knowledge of Rest’s asset management approach will also be very welcome as Chair of the Rest Board Investment Committee.”

Mr Bargholz’s appointment to the Rest Board follows the departure of Steven Priestley on 30 September 2022. Mr Priestley, a former Financial Controller for Coles Retail, has had two stints on the Rest Board - initially 2008 to 2012, then serving as an Alternate Director until being reappointed to the Board as a Director in 2014.

“Steven has made a very strong contribution to the Rest Board and Rest’s nearly two million members over the past 14 years and I’d like to sincerely thank him for all he’s done for the fund and our members and wish him well in his retirement.”