POWERED BY MOMENTUM MEDIA
legalsuper CEO to exit
legalsuper chief executive, Andrew Proebstl, has announced he will be stepping down from the fund after 20 years.
During his tenure, Proebstl had a lead role in the merger of seven other legal funds to create the $5 billion legalsuper with 41,000 members.
He would step down on 23 November and Trevor Ericson would step in as interim CEO.
Executive search company, Ogders Berndtson, had been appointed to begin a search for Proebstl’s permanent replacement.
Chair, Kirsten Mander, said: “Andrew is widely recognised as an advocate for smaller super funds being able to deliver strong results to members and provide more personalised and customised products and services to members.
“During his time at the helm, Andrew nurtured and extended the capability of our people to ensure legalsuper always delivered high quality, personal and tailored experiences for its members and employers.”
Proebstl added: “It was an honor and a privilege to have had the opportunity to work with such a fabulous team at legalsuper. I’m very proud of the results the fund achieved during my time as chief executive, and I look forward to seeing how the business evolves from here.”
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
The $91 billion fund has doubled down on its data security, alongside enhancing its investment strategy, with two key appointments.
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
