He replaces Richard Nunn, who last month announced he would take over as CEO of Metlife – the company through which Statewide offers insurance to its customers.

D’Alessandro has been the SA-based industry super fund’s member engagement general manager since 2016.

Before that, he was general manager of Commonwealth Private for CBA, chief executive of Colonial First State’s Symetry retirement fund, SA manager of financial planning for CBA and state manager for St George Bank financial planning arm Sealcorp (now known as Asgard Wealth Solutions).

His elevation is consistent with a board-approved succession plan.

Statewide Super board chairman Ken Williams said the board was confident in D’Alessandro’s capacity to strengthen the company’s reputation in what he describes as a time of unprecedented change and attention in the superannuation sector.

“Tony has enormous respect within the financial services industry and our local communities,” said Williams in a statement.

“His track record is one of driving sustainable business growth, while delivering high-quality benefits and experiences to members.

“His natural ability to develop and inspire high performing teams and winning cultures, allows him to skilfully lead business progress at every opportunity. He is a man of great integrity and honesty with an unwavering belief in equity for all Australians.”

D’Alessandro said it was a privilege to be appointed, adding that the company will “continue to deliver exceptional outcomes for our member’s retirement income goals”.

“No Australian should be deprived of the opportunity to live a dignified retirement, and this will be my key driver.”

D’Alessandro enters the role at a time of historic change for the superannuation sector.

The final report of the Hayne Royal Commission, released earlier this month, recommended that the Banking Executive Accountability Regime be applied to executives and trustees of superannuation companies.