POWERED BY MOMENTUM MEDIA
LGS appoints two independent directors
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.”
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
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
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(%)
