HESTA

HESTA is an Australian industry superannuation fund for workers in health and community service sectors. HESTA services more than 90,000 employers and has more than 860,000 members,[1] 80% of whom are women.[2] It has $52 billion in funds under management.[1] HESTA was formed in 1987. HESTA holds an Australian financial services licence.

HESTA
Industry superannuation fund
IndustrySuperannuation
Founded1987
Headquarters
Australia
Area served
Australia
Key people
Debby Blakey, Chief Executive Officer.

History

HESTA removed all tobacco investments from its portfolios in 2013. [3] In 2015, HESTA sold its stake in Transfield Services citing evidence of human rights violations inside the offshore detention centres run by the sharemarket-listed company.[4]

Governance

HESTA is run by a Trustee company called H.E.S.T. Australia Limited. The Board of the trustee consists of six Directors appointed by employees, six Directors appointed by employers, an independent Director and an independent chair.[5] The CEO is Debby Blakey.

gollark: I'll do so anyway but meh.
gollark: Give me admin and I'll work it out!
gollark: A coin?
gollark: OR ELSE.
gollark: Give *me* admin too.

References
  1. HESTA - we’re an industry fund
  2. HESTA - super leader
  5. leadership team


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