Australian Retirement Trust appoints new Chief Risk Officer

Media release - 6 December 2024

Australian Retirement Trust (ART), one of Australia’s largest superannuation funds, is pleased to announce the appointment of Darryl Burke as Chief Risk Officer (CRO), effective 17 March 2025.

Darryl will bring more than 25 years’ risk and governance expertise from top tier financial services firms spanning the Americas, Europe and Asia Pacific, including Credit Suisse, Standard Chartered, PGIM, Westpac, and most recently as Chief Risk Officer with Colonial First State. He started his career with Ernst & Young where he qualified as an auditor and a chartered accountant.

Chief Executive Officer David Anderson said the appointment was a fantastic outcome for the fund and its members.

“Australian Retirement Trust has achieved significant growth in recent years which has helped us deliver strong long-term returns and net benefits for members. In an evolving superannuation landscape, we’re fortunate to have secured an exceptional leader in Darryl who will bring an invaluable depth and breadth of experience in first and second line risk management leadership roles in complex, highly regulated financial services businesses internationally.

“Darryl’s comprehensive understanding of risk frameworks and his blend of commercial and risk acumen will support our focus on world class governance, as we strive to be the distinct market leader.

“Culturally, Darryl is aligned strongly with our purpose and values at ART and he will be a valuable addition to our Executive Committee and fund as a whole.”

As ART’s CRO, Mr Burke will lead the fund’s Risk & Compliance business area. The Risk & Compliance team plays a critical role in driving ART’s world class governance capability by assessing risk and guiding disciplined decisions to inspire confidence and awaken futures for its members.