Organisational Structure

Organisational StructureOrganisation Chart February 2019


Jo Townsend, Chief Executive Officer

Jo Townsend commenced as Funds SA’s Chief Executive Officer in April 2015 and is responsible for the day-to-day management of the Corporation.

Jo started her career in the investment management sector managing fixed interest portfolios. She has over twenty years’ experience working in financial services. Prior to joining Funds SA, Jo held senior executive roles at REST Industry Super, including that of Acting Chief Operating Officer and General Manager, Investments. In the superannuation sector, she has also previously worked at NGS Super and the Retirement Benefits Fund of Tasmania.

She holds a Bachelor of Mathematics and Finance from the University of Technology of Sydney and is a Certified Investment Management Analyst from the Investment Management Consultants Association (IMCA). Jo is a member of the Financial Services Institute of Australasia (Finsia) and the Fund Executives Association Ltd (FEAL).

John Piteo, Chief Operating Officer

John is responsible for leading the investment operations, fund accounting, ICT, and governance, risk and compliance teams. His role also entails developing and implementing Funds SA's corporate strategy and working closely with Funds SA's Board and sub-committees, service providers, clients and stakeholders. 

John joined Funds SA in 1995, working in various finance related roles before becoming Funds SA's inaugural Chief Financial Officer in 2004, a position he held until his appointment to his current role in 2016. Before joining Funds SA, John worked with the SA Auditor-Generals’ Department.

He has a Bachelor of Arts in Accountancy (SA Institute of Technology), a Company Directors Course Diploma (Australian Institute of Company Directors) and has completed the Professional Management Program (Adelaide University). John is a member of CPA Australia and the Australian Institute of Company Directors.

Richard Friend, Chief Investment Officer

Richard Friend was appointed as Funds SA’s Chief Investment Officer in December 2016 and is a highly experienced investment professional with strong and extensive experience gained over 20 years working within the superannuation and investment management sectors.  Most recently he has held the role of Investment Manager at Australian Super, and has previously held senior roles at AGEST, Warakirri Asset Management and Equipsuper.

Richard is a Chartered Financial Analyst (CFA), has completed a Graduate Diploma of Finance and Investment from Finsia and holds a Bachelor of Commerce from the University of Melbourne.