Local Government Super names new CEO

Local Government Super (LGS) has announced the appointment of a new chief executive officer, David Smith, effective 6 September 2017.

He replaces former CEO, Peter Lambert, who left the fund in March after ten years in the role.

Smith joins LGS from AXIS Specialty Australia, where he served as CEO from 2011 to early 2016. Prior to this, he was CEO of Zurich Financial Services, and has over 17 years experience as a CEO and COO within the financial services sector.

Commenting on his new role at LGS, newly-minted chair, Katherine O'Regan, said: "We are delighted to announce the appointment of David Smith as CEO at LGS. The Board have chosen David for his track record in financial services, fit with the Fund's values and ability to deliver on the strategy. I am confident he shares our passion for the best possible retirement outcomes for members, and that this will remain at the heart of all decisions."

Smith added: "As a global leader in responsible and sustainable investment, LGS has established a strong reputation for providing some 90,000 members with outstanding value via a combination of local, tailored service together with comprehensive investment options and competitive fees. I am committed to leading LGS to further develop and evolve this investment approach, which in turn, will play a key part in the ongoing success of the Fund. I look forward to working with the LGS leadership team and the Board."

Chief governance officer and company secretary, Donna Heffernan, has been acting as CEO since Lambert's departure in March.

O'Regan said: "The Board thanks Donna Heffernan for leading LGS over the past months. Donna has returned to her role as chief governance officer and company secretary."