Super fund ex-finance head claims he was sacked for alleging bullying

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 90%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The former finance GM says he was fired for accusing the CFO of bullying and that his sacking before a major merger was more than just a coincidence.

A former head of finance at Spirit Super has launched court action against the superannuation fund ahead of its merger with CareSuper, saying he was unlawfully sacked for making bullying allegations against the fund’s chief financial officer.

His sacking came just a few weeks after Spirit Super and CareSuper announced a binding agreement in June to become a combined entity with $50 billion in funds under management and 500,000 members. Mr Hawes, 57, said he felt unduly criticised, “second guessed” and “micromanaged”, complaints he says he made to CEO Jason Murray when he felt the weekly meetings had deteriorated to the extent they had become unworkable.

Under the merger, which is expected to be finalised in late 2024, neither his nor the CFO’s role would be automatically guaranteed in the new structure, he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Betashares buys Bendigo Bank super arm as it enters retirement marketThe acquisition comes as part of Betashares’ plan to establish itself as a broader financial services outfit.
Source: FinancialReview - 🏆 2. / 90 Read more »

Super fund ex-finance head claims he was sacked for alleging bullyingThe former finance GM says he was fired for accusing the CFO of bullying and that his sacking before a major merger was more than just a coincidence.
Source: FinancialReview - 🏆 2. / 90 Read more »