Chief investment officer leaves industry fund

The chief investment officer of a $4 billion industry superannuation fund has departed.

legalsuper will next week begin the search for a new chief investment officer, after Edward Smith left the role in late September.

legalsuper confirmed Smith's departure to Financial Standard, and said an interim replacement would commence with the fund on Monday.

The fund did not confirm who had been appointed to take over Smith's duties.

legalsuper said it would shortly appoint an executive search consultant to assist in appointing a permanent chief investment officer to replace Smith.

Smith spent more than four years with the fund as its chief investment officer, after joining in June 2015 following just under five years at Australian Unity as head of portfolio management.

He previously served at Frontier Investment Consulting as a senior asset consultant, and sat on the investment committee of the Financial Services Council for two years.

Earlier this year legalsuper grew its member service capability with a spate of appointments, and renewed its administration contract with Link Group, extending their 15-year partnership.

Read more: Australian UnityCIOEdward SmithFinancial Services CouncilFinancial StandardFrontier Investment ConsultingLink Group
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