POWERED BY MOMENTUM MEDIA
LGIAsuper expands executive team
LGIAsuper is seeking a new chief executive, as it expands its leadership team following its successful transition to a public offer fund earlier this year.
The current CEO and chief investment officer, David Todd, was set to focus solely on the fund’s $11 billion investment profile once a new CEO was appointed.
The fund has also promoted head of human resources, Eleanor Noonan to the newly created executive position of chief of people and culture.
LGIAsuper chair, John Smith, believes that the time is right for the fund to renew and expand its executive team. He cited its fast expansion following its public offering combined with its transition to digital platforms as key reasons for the expansion.
Smith said that the changes would help LGIA better serve its members going forward.
“With David focusing on investments, Ms Noonan shaping organisational culture and a new CEO to drive business growth, the board believes LGIAsuper will be well-positioned to continue providing excellent service and consistent returns to the fund’s growing 85,000-strong member base,” he said.
Todd will continue as CEO until the position is filled. He has been CEO of the fund since 2006.
Recommended for you
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
While some superannuation funds have gone down the route of internalisation, others say they favour ‘smart partnering’ with external managers for diversification appeal.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment