Queensland-based LGIAsuper has announced the appointment of Kate Farrar as its new chief executive, the fund said.
She would replace in this role David Todd who would continue as the company’s chief investment officer, a position he held since 2006.
Farrar, who has 25 years of experience in senior leadership roles to the fund, joined from McKinsey & Company where she served as an implementation leader.
The fund’s chair, John Smith, said that this appointment followed an extensive executive search.
“Kate joins us at an exciting time in our fund’s history,” he said.
“With Kate leading the next stage of our growth, we expect to see a continued focus on innovation, while maintaining our commitment to improving the lives of our members in retirement.”
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.