Rest appoints Michael Clancy as Chief Investment Officer

Rest, one of Australia's largest profit-to-member superannuation funds, is appointing an experienced investment and superannuation leader as Chief Investment Officer to support the fund’s ambitious growth targets over the coming decade.

Michael Clancy has more than 25 years of experience in the investment and superannuation industries, and most recently led Qantas Super for more than 9 years. He will commence in August 2025, subject to regulatory requirements.

Rest’s Chief Executive Officer, Vicki Doyle, says Mr Clancy brings a rare blend of investment, strategic and commercial leadership, which will support the continued evolution of Rest’s investment team.

“We invest on behalf of more than 2 million members, many of whom are decades from retirement. Investing with such a long-term horizon and thinking about the world they will retire into is fundamental to our approach,” says Ms Doyle.

“We aspire to grow our membership and funds under management to deliver even more for members over the next 10 years. Michael is a seasoned investment leader with the expertise to steer our more than 140-strong investment team towards these ambitions.

“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.

“He has 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.

“I’m delighted to welcome Michael to the Rest team and look forward to him joining in August.”

Mr Clancy joins Rest from Qantas Super where he has served as Chief Executive Officer since 2015. Prior to this, Mr Clancy spent more than 14 years at National Australia Bank (NAB), ultimately in the role of Executive General Manager, Investment Platforms, in NAB’s Wealth division.

“I’m passionate about the role of super in shaping the future for members and enabling them to look forward to a positive and dignified life in retirement,” Mr Clancy said. “It’s an honour to be joining Rest as Chief Investment Officer 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.”

Mr Clancy is currently also the chair of the board of CFA Society Australia, which is focused on promoting the highest standards of education, integrity and professional excellence in the investment industry.

His appointment follows the resignation of Andrew Lill as the fund’s Chief Investment Officer in October 2024.

Ms Doyle also thanked Rest’s Head of Listed Assets Kiran Singh and Head of Private Markets and Deputy CIO Simon Esposito, who stepped in as co-Chief Investment Officers on an interim basis and will continue to do so until Mr Clancy joins Rest in August.

“Both Simon and Kiran played a crucial role in ensuring Rest has continued to deliver value for our members, particularly through the volatile market conditions experienced so far this year.

“I acknowledge and thank them both for their contributions and am delighted Rest’s members will continue to benefit from Kiran and Simon’s extensive experience and abilities in running our Listed and Private Markets functions.”

Mr Clancy will be based in Sydney and will commence on 11 August 2025.