IFM Investors sees departure of senior executive

IFM Investors has confirmed the departure of experienced investment executive Lounarda David, who served as chief operating officer for over six years.

Having joined the asset manager in 2018, David was responsible for managing all facets of IFM Investors’ operations, including transaction management and support, investment operations and services, business transformation, and investment accounting.

She holds more than three decades of experience in superannuation and investment operations, including 16 years of consulting to local and global institutions on custody, investment operations, unit pricing, securities lending, transition management, target operating models, operational due diligence and governance reviews.

In a statement to Super Review, IFM Investors chief executive, David Neal, thanked her for significant contributions during a six-year tenure at the asset manager.

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“We thank Lounarda David for the significant contribution she has made to IFM Investors,” he said.

“As IFM’s first chief operating officer, Lounarda has been instrumental in transforming and uplifting our operating platform and has contributed significantly to our growth strategy.”

IFM confirmed its head of global investment operations, Amy Diab, has assumed the role on an interim basis.

It is set to undertake a search to appoint a new COO.

Prior to joining IFM Investors, David was the chief investment operations officer and member of the enterprise leadership team for four years at Sunsuper, which has since merged with QSuper to form Australian Retirement Trust.

She also spent nearly 15 years at Mercer Investment Consulting where she was a worldwide partner, and established Mercer Sentinel Asia-Pacific, Mercer’s operational advisory practice.

David’s vast experience also includes 12 years at State Street, most recently as senior vice president and relationship manager.