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.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
Add new comment