Home' Superfunds : Superfunds November 2018 Contents Apart from being a greatly respected and influential leader
in the superannuation industry, Michael Dwyer is clearly
someone who inspires many and engenders a great deal of
warmth and admiration from both within and outside the industry.
Dwyer is the CEO of First State Super, as well as a director of ASFA,
chairman of their Education and Professional Accreditation Review
Committee, and a former chairman of the ASFA NSW State Executive. Since
his appointment in 2004, Dwyer has taken First State Super from 450,000
members and $9 billion in funds under management to
$95 billion on behalf of 800,000 members and clients. Under his leadership
the fund has achieved many historic milestones, including public offer status
in 2006 and the merger with Health Super.
Dwyer was also inaugural chairman of FEAL (Fund Executive Association
Limited) where he is currently a director.
Denis Carroll, former CEO AvSuper and a co-founding director of FEAL,
believes Dwyer’s integrity, honesty and sincerity are beyond reproach and
said that “I don’t think I’ve ever worked with anyone that is as purely driven
with the best of intent as Michael Dwyer”.
In October 2012, Dwyer was appointed by the Minister for Financial
Services and Superannuation to the Super Stream Advisory Council. He is also
a director of the Sydney Financial Forum.
Dwyer received outstanding industry service awards from Selecting
Super in 2008 and the ASFA Distinguished Service Award in 2012. He
also received FEAL’s prestigious Fund Executive of the Year Award in 2012
which recognises outstanding leadership, innovation and achievement by a
superannuation fund executive.
In 2011, Dwyer led the team that successfully completed the
superannuation industry’s largest-ever merger between First State Super and
Victorian-based fund Health Super.
Colleague and friend Ian Silk, CEO AustralianSuper, saw the merger as an
example of Dwyer’s ability to identify an opportunity and seize it on behalf
of members. “The normal challenges of a merger were accentuated by the
fact that the two funds were in different States. The success of the merger
for members of the funds is testament to Michael’s people and management
skills,” Silk said.
Dwyer’s previous roles include general manager and fund secretary at
Asset Super, where he worked for more than ten years, and four years as
marketing manager for the NSW State Authorities Superannuation Board.
Unsurprisingly, his contribution to the superannuation industry has been
acknowledged formally on many occasions; however his work and influence
are far reaching.
In 2011, Dwyer was appointed a Member of the Order of Australia for
services to superannuation and his work with UNHCR, the UN Refugee
Agency’s national partner in Australia. He was then appointed as chairman
of Australia for UNHCR in 2018 after having been a board director for the
organisation since its establishment in 2000.
After first seeing the UNHCR’s work done on the ground in East Timor
in 2002, Dwyer was determined to improve the lives of the world’s most
vulnerable people and become an influential advocate for refugees. Recently
he accompanied a business delegation to Turkey and Lebanon to meet with
Syrian refugees and observe how Australian donations are helping UNHCR
deliver protection and humanitarian relief. He has been instrumental in
rallying support for UNHCR from the investment and financial sectors, such
as working to gain corporate support for the annual World Refugee Day
Breakfast which has raised over $1.6m over the years to assist programs such
as livelihoods training, malaria prevention, reducing rates of infant mortality
and improving health outcomes for newborns.
In September this year Dwyer joined world leaders at the United Nations
Headquarters in New York supporting Dr Bronwyn King’s launch of The
Tobacco Free Finance Pledge, calling on other major global financial
organisations—to join First State Super and other founding signatories—to
sign the pledge and to divest tobacco from their investment portfolios.
Superfunds November 2018
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