BSP Financial Group Limited's board chairman Robert Bradshaw announced the appointment of Ian Allan Tarutia as a director of the company. Mr. Tarutia was appointed to fill the casual vacancy following the retirement of Sir Kostas Constantinou, OBE as chairman and non-executive director in February 2023. Mr. Tarutia is a career executive with over 30 years of superannuation administration experience, having previously served as CEO of Nasfund Limited from 01st November 2011 to 31 March 2023.

Mr. Tarutia holds a Bachelor of Business Economics and Masters of Business Administration Degrees from the University of Papua New Guinea. He also holds a Diploma in Company Directors Course from the Australian Institute of Company Directors and a Diploma in Economic Policy Analysis from the PNG National Research Institute. A Fellow of the Australian Institute of Company Directors, Mr. Tarutia is a Senior Affiliate of the Securities Institute of Australia, President of the Papua New Guinea Institute of Directors and current President of the Papua New Guinea Chamber of Commerce & Industry.