LGS hires CEO

Local Government Super (LGS) has appointed Phil Stockwell as chief executive, replacing interim chief executive Donna Heffernan who will revert to her role as deputy chief executive and company secretary.

LGS said the appointment followed an extensive executive search as the board looked for a candidate that could maintain the track record of long-term strong member retirement outcomes and investment returns, remain at the forefront of sustainable investing, and leading positive change to evolve member service and value.

LGS chair, Kyle Loades, said: “Phil has extensive investment industry experience and a career-long track record of creating and leading effective change programs to deliver better client service and investment outcomes”.

“As such he will work with the board and LGS leadership to articulate the Fund’s strategy, then lead the business to deliver on our aspirations for members. We are delighted to appoint a CEO of Phil’s calibre and background.

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“I would like to acknowledge Donna Heffernan for her contribution as interim CEO this year. Donna will revert to her role as deputy CEO and company secretary,

Stockwell said the fund’s focus on member outcomes and leadership in sustainability were important to him

“In a time of great change for all superannuation funds there is increasing focus on improving member investment outcomes, value and service.”

Stockwell was most recently chief operating officer at Eastspring Investments in Singapore, and prior to that was COO at Pendal Group in Sydney.

Stockwell would start the role on Tuesday.