Union heavyweight Paddy Crumlin is set to join the board of construction superannuation fund Cbus, three years after the industry fund he previously chaired was judged to be the worst in the country and was forced to close.
Mr Crumlin was nominated to Cbus’ board on Friday by CFMEU administrator Mark Irving, KC, after the barrister sacked one of its union-appointed directors and two others resigned in a clean out.
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
