The $30 billion public fund manager has chosen a former UniSuper head of public markets to chair its board, while another investment veteran is joining the board as a director.
Both spots opened up when former South Australia Deputy Premier and Treasurer Kevin Foley resigned as Funds SA's chair after about four years on the board.
Paul Laband is taking over as the board's chair, effective mid-July.
In his most recent roles, Laband was UniSuper's head of public markets which covers listed asset classes both domestically and globally, and subsequently the head of strategic tilting.
He currently sits on the investment committee of Telstra Super, Salvation Army Southern Territory and Wingate Asset Management. He is also a board observer at ReturnToWorkSA and holds a directorship at JCP Investment Partners.
Laband is based in Melbourne. His appointment as the Adelaide-based manager's chair comes about two years after he first joined the board in April 2016.
Funds SA has also brought on board Judith Smith as a director.
"Smith brings extensive knowledge and experience in investment and funds management, with a strong governance and risk focus," Funds SA said in a statement.
Smith is currently a director of LUCRF Super and was formerly IFM Investors' head of private equity.
She has held board positions on IFM Investors' risk committee as a chair and investment committee as a deputy chair. She has also served on AVCAL's board for seven years.
The Adelaide-based manager manages investment portfolios on behalf of South Australia's public sector superannuation funds and approved public authorities.
In February, it filled two senior investment roles. Matthew Kempton joined as Funds SA director, equities, leaving his role as chief investment officer at ESSSuper.
Pat Burton was appointed as Funds SA's portfolio manager, property. In his most recent role, Burton was employed as an investment manager at LOGOS property. He has also worked with Colonial First State Global Asset Management (CFSGAM), Deutsche Bank, ABN Amro and Lend Lease.
In 2017, Funds SA generated $8.1 million in revenues from fees, charges and interests. Its expenses tallied up at $6.9 million, including about $5 million in employee benefit costs. The net surplus for the 12-month period was $1.2 million.