LGIAsuper appoints chief executive

LGIAsuper has ended a five-month search for a chief executive, appointing a former McKinsey & Company implementation leader.

Kate Farrar takes on the role at LGIAsuper having been at McKinsey & Company for nearly two years. Before that, she was a managing director at QEnergy, an executive director at ERBS Morgans and chief operating officer at Ergon Energy.

LGIAsuper chair John Smith said Farrar was selected after an extensive search with an exceptional field of candidate executives.

"Kate joins the fund at an exciting time in our fund's history," Smith said.

LGIAsuper commenced its executive search in November. The position opened up after the super fund decided that then chief executive David Todd, who was also chief investment officer concurrently since 2006, would shift his focus to the fund's investment portfolio.

Since joining  in 2006, Todd has helped grow funds under management from $3 billion to more than $11 billion.

"His leadership helped LGIAsuper emerge from the Global Financial Crisis as one of Australia's best-performing super funds," Smith said at the time.

"With David focusing on investments, Noonan shaping organisational culture and a new chief executive to drive business growth, the board believes LGIAsuper will be well-positioned to continue providing excellent service and consistent returns."

Todd's previous roles include general manager investments for Reinsurance Australia/Calliden, general manager treasury for TNT, and various accounting positions in Total, DuPont and ADC.

Originally meant for Queensland local government employees, the super fund opened its door to the public last year and expanded its leadership team.

Read more: McKinseyDavid ToddJohn SmithKate Farrar
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