The Local Government Super Board (LGS or The Fund) has announced the appointment of David Smith as the new Chief Executive Officer for the superannuation fund.
David 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.
LGS Board Chair, Ms O’Regan said the appointment followed a rigorous search process.
“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. David’s C-suite experience brings additional capability to LGS and its members as we enter the next stage of growth,” said Ms O’Regan.
David said “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,” he said.
In conclusion, Ms O’Regan said, “David’s appointment furthers the Fund’s commitment to member outcomes and service, responsible and sustainable investment approach, and to using sustainability considerations in investment decisions.”
David is a Fellow at the Australian Institute of Management, holds a MBA from the Massachusetts Institute of Technology and is a Graduate Member of the Australian Institute of Company Directors (GAICD). He has extensive Board experience, currently serving as the Executive Director of Equip Corporate Advisory and Chairman of the Children’s Cancer Institute.
