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Wednesday, February 24, 2016

Gus Sauter: Where Is He Now?

News summary by MFWire's editors

Gus Sauter may be on the beach, but he's also lending his expertise down under.

Gus Sauter
Vanguard
Retired Chief Investment Officer
Last week Brisbane, Australia-based Sunsuper revealed the addition of the former Vanguard CIO to the Sunsuper investment committee.

The Australian Financial Review and the Sydney Morning Herald both reported on the news.

Sunsuper is a $34-billion superannuation fund that is owned by two unions in Queensland and by the Chamber of Commerce and Industry Queensland. Sunsuper is a "profit-for-members fund" that exists "to benefit ... members, not shareholders," a structure that sounds similar to the mutually-owned structure of Sauter's old employer, Vanguard. Oh, and Sunsuper teamed up with Vanguard a year ago, too. 

Edited by: Neil Anderson, Managing Editor


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