BT has today announced that Gai McGrath has been appointed Non-Executive Director and Chair of the BT Super Trustee Boards following the decision of current Chair David Plumb to retire after more than 10 years of service.
Jason Yetton, Chief Executive Specialist Businesses & Group Strategy said Gai was an outstanding appointment and looked forward to her strong contribution.
“Gai is a respected Director and Executive and will bring to our Trustee Board more than 34 years’ experience across retail banking, superannuation, wealth management and insurance sectors.
“Superannuation is critically important, both for individuals and for the economic prosperity of our nation. With the Superannuation industry continuing to experience significant regulatory uncertainty, Gai’s experience, coupled with her strong customer and member focus, will be invaluable for the Australians who rely on us for their best financial futures,” Mr Yetton said.
Mr Yetton also thanked Mr Plumb for being resolute in his focus in helping BT Super members towards retirement and focus on improved member outcomes.
“Under David’s stewardship BT members were supported with more than 230,000 applications for early release super payments through COVID-19 totalling around $1.9 billion.
“Members have also been migrated from legacy super products into one contemporary offering while fees were maintained or lowered for most, and our leadership in ESG and sustainable investing has continued with BT achieving an A+ rating for its sustainable investment strategy and governance - the highest possible rating for the fourth year in a row,” Mr Yetton said.
Ms McGrath commences as Chair on 1 July 2021.
About Gai McGrath
Gai McGrath is a professional director with over 34 years’ experience as a senior executive in highly regulated, large scale businesses, principally in the financial services sector in Australia and New Zealand, including retail banking, superannuation, investments, life and general insurance, financial planning and wealth management.
Her current directorships include HBF Health Limited, Steadfast Group, Genworth Mortgage Insurance Australia and Humanitix (a not for profit ticketing platform that directs 100% of profits from booking fees to a range of education programs.)
Her previous Executive positions include 12 years with the Westpac Group, most recently leading Westpac Australia’s Retail Banking business. Prior to that Gai led the Retail Banking business for Westpac New Zealand and the legal, operational risk, compliance and governance functions for BT Financial Group. Gai joined the Westpac Group from Perpetual in 2003.
More Information
Lisa Parrett
Media Relations, BT
M: 0432 933 796
E: Lisa.Parrett@btfinancialgroup.com
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