Local Government Super (LGS) has appointed its first independent chair in Kyle Loades and first female independent director Sandi Orleow.
These are two of three independent roles on the board and would increase the board’s diversity of experience as LGS positions for future growth.
Both joined on 22 October, 2019, and outgoing chair, Bruce Miller, would remain on the board as deputy chair.
Loades previously sat on the board of directors for NRMA and Credit Union Australia and was selected for his experience with member-based organisations and innovation.
Meanwhile, Orleow was previously national director for Women in Super and also currently held roles at CFA Societies Australia, Pengana International Equities, ACT Government, Statewide Super and Infrastructure Partners Investment Fund.
LGS acting chief executive, Donna Heffernan, said: “The leadership team is excited to have the benefit of Kyle and Sandi’s in-depth experience from other member-focused organisations. Kyle has worked closely with executive teams of prominent and well-respected member-based organisations to significantly enhance member value.
“Similarly, Sandi has held various director and investment committee roles at relevant member-based and investment-focused organisations such as CFA Societies Australia, Statewide Super as well as Women in Super that we expect will benefit our Board, investments, and our members.”
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.
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