The superannuation industry in Papua New Guinea that hit rock bottom in the year 2000 is in 2023 a leading example of how businesses can be carried in PNG, thanks to leaders like outgoing Nasfund CEO Ian Tarutia.
Mr. Tarutia was accorded an exemplary farewell to mark his exit from the superfund, which he served more than thirty years. He will cease employment effective 30th March 2023.
Nasfund Board Chairwoman Tamzin Wardley paid tribute to Tarutia, highlighting his exceptional leadership at the fund.
“Ian has been not just part of Nasfund but part of the superannuation industry.
This industry, which had hit rock bottom in the year 2000, is now – in 2023 – one of the leading examples of how business should be carried out in PNG and the Pacific. Ian is currently, our outgoing CEO, the PNG Association of Superfunds Chair and the Chair of the Pacific Superfunds Investment Forum. PNG is recognised across the pacific as the shining example in the industry.
These are incredible legacies to be leaving behind,” the chairlady said.
Incoming CEO Rajeev Sharma shared similar sentiments.
“I have had the privilege of learning from the best in the industry.
Whilst superannuation can be complex, Ian had the ability to make the complicated sound simple, and in doing so, has ensured that our dynamic team at Nasfund continued to deliver positive results for our members throughout Papua New Guinea.
We will look to build on this, so that our members continue to benefit today, and be
ready for tomorrow.”
After serving the Fund for 35 years, Mr. Tarutia will retire as CEO on the 31st of March,
with Rajeev Sharma to assume the role of CEO from April 1st 2023.