Local Government Super has hired chief operating officer of Singapore-based Eastspring Investments, Phil Stockwell, to lead the fund with more than $12 billion in superannuation assets.
He has replaced interim chief executive Donna Heffernan, who has reverted to her role as deputy CEO and company secretary.
Mr Stockwell had been the chief operating officer of an Asian fund manager Eastspring Investments. He has also been COO of Pendal in Australia and he has worked in strategy and change roles at Westpac.
Before working in financial services, he was a management consultant with McKinsey & Company and an auditor and management consultant at KPMG.
LGS chair Kyle Loades said Mr Stockwell is a good fit for the fund and its members.
“Phil has extensive investment industry experience and a career-long track record of creating and leading effective change programs to deliver better client service and investment outcomes,” Mr Loades said.
“As such he will work with the board and LGS leadership to articulate the fund’s strategy, then lead the business to deliver on our aspirations for members. We are delighted to appoint a CEO of Phil’s calibre and background.”
Mr Stockwell said the fund has a strong platform for growth and evolution.
“This focus on member outcomes and leadership in sustainability are important to me,” he said.
“In a time of great change for all superannuation funds there is increasing focus on improving member investment outcomes, value and service.
“I look forward to working with the board, executive team and all stakeholders to ensure the fund is well positioned to maximise the value we deliver for members.”
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