<div>Richmond Bridge has confirmed the appointment of Spiros Deftereos as chief investment officer. The long-standing Hostplus property executive has joined a firm that can boast former Future Fund property head Barry Brakey and former AMP Capital head of real estate funds management Chris Judd on its investment committee. Before his 11 years at Hostplus, Deftereos worked at LendLease, where he held a product development role within the investment management division. He has also held property equity advisory roles with National Australia Banks wholesale team. Earlier, he was a senior analyst at Macquarie Group and held the same role at PwC. "We are thrilled to have Spiros join Richmond Bridge at a very exciting time for the business," said founder Peter Wylie. "His deep experience and investment insights will benefit us and our investors enormously." Wylie said Richmond is growing the team following its partnership with the $120 billion UniSuper. The real estate management firm last year acquired several properties for UniSupers $6.3 billion unlisted property portfolio. It is understood that Hostplus has not appointed a replacement for Deftereos.</div>

Richmond Bridge Secures Seasoned CIO Spiros Deftereos for Leadership Team

Departure

Head of Property

Hostplus

Spiros is the Chief Investment Officer at Richmond Bridge since February 2024. Prior to this, he held positions at Hostplus from December 2012 to December 2023, including roles as Investment Manager - Property and Head of Property. Before that, he worked as a Product Development Manager at Lend Lease from 2010 to 2012. Spiros also served as an Associate at National Australia Bank for just over 3 years, from February 2007 to February 2010, and as a Senior Analyst at Macquarie Group from 2005 to 2007. He began his career as an Analyst at PwC from 2004 to 2005.

<div>After 15 years at the helm of the funds board, David Elmslie has been replaced by former QIC chief executive Damien Frawley. He was first appointed chair of Hostplus in 2007. At that time, Hostplus had 823,000 members and oversaw about $6.5 billion in funds under management. It now has more than 1.5 million members and manages more than $76 billion on their behalf. Paying tribute to Elmslie, Hostplus chief executive David Elia said: "Throughout his time, he has diligently and faithfully served the Hostplus board, the fund, and the interests of all contributing employers and members." "To have had David advocating for both our members and our employers and leading our fund from strength to strength for so many years, has been truly invaluable." Meanwhile, Hostplus co-deputy chairs Tim Lyons and Craig Laundy welcomed Frawley to the role of independent chair. "I am delighted to welcome Damien to the board of Hostplus and look forward to working closely with him to continue to deliver strong performance and better retirement outcomes for our members," Lyons said Laundy added: "Damien will no doubt bring valuable perspectives to the Hostplus board especially in relation to investments and effectively managing growth in an increasingly competitive marketplace. His depth and breadth of experience across financial, government and not for profit sectors will serve our members very well." Frawley served as chief executive of QIC for 10 years before retiring earlier this year. Prior, he was managing director and chief executive of BlackRock Australia. He spent a total of seven years at BlackRock in various roles, and six before that with Merrill Lynch Investment Management.</div>

Hostplus | Damien Frawley | Chairman | ASIAPAC

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At Hostplus, our mission is simple: To put more money in our members’ pockets so they can have a dignified retirement. As an Industry SuperFund, we have our members’ best interests at heart.

We keep our fees as low as possible because we know that every dollar our members save goes a long way. We measure our success by what we deliver for our members, and we’re proud of our consistently strong returns. And we’re striving for a more sustainable world, investing in projects that improve the lives of all Australians.

With more than 1 million members, we work tirelessly to provide the financial future our members deserve. A future full of good stuff. A future full of positivity. That’s a plus.

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Richmond Bridge Secures Seasoned CIO Spiros Deftereos for Leadership Team