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.