LGsuper appoints three new directors
The LGsuper board of directors announced the appointment of three new independent directors and changes to its governance structure and directorships.
The changes will also see LGsuper move to a new board structure in the second half of 2014. It will have three member representative directors chosen by member ballot, three employer representative directors nominated by the Local Government Association of Queensland, and three independent directors.
As it moves into the new structure, the company has brought in three new independent directors.
The company has appointed Bronwyn Morris who has 20 years experience at KPMG in Brisbane and London; John Smith, who was former director and consulting actuary with The Heron Partnership; and John Wilson, who was the former executive vice president, head of PIMCO Australia.
Independent director and chairman Brian Roebig welcomed the new independent directors on behalf of the board, adding that members will benefit from the additional finance, investment and actuarial experience they bring to the table.
He believes the new governance structure will make "a good board stronger".
Roebig announced he will retire in the second half of 2014.
Recommended for you
The $205 billion super fund has appointed Simon Warner as chief investment officer (CIO) following a global search to replace outgoing Damian Graham.
Industry super fund Rest has appointed an interim head of private markets following the exit of Simon Esposito.
Two former Statewide Super executives have been acquitted of dishonesty charges following a trial in the District Court of South Australia.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the institutional channel.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
