Queensland-based LGIAsuper has announced the appointment of Kate Farrar as its new chief executive, the fund said.
She would replace in this role David Todd who would continue as the company’s chief investment officer, a position he held since 2006.
Farrar, who has 25 years of experience in senior leadership roles to the fund, joined from McKinsey & Company where she served as an implementation leader.
The fund’s chair, John Smith, said that this appointment followed an extensive executive search.
“Kate joins us at an exciting time in our fund’s history,” he said.
“With Kate leading the next stage of our growth, we expect to see a continued focus on innovation, while maintaining our commitment to improving the lives of our members in retirement.”
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.