ASSET OWNERS

Local Government Super CEO departs

Peter Lambert stepped down as CEO of Sydney-based Local Government Super after almost a decade in that role, according to a news release from the A$10 billion ($7.6 billion) superannuation fund.

Donna Heffernan, the fund’s chief governance officer and company secretary, will serve as acting CEO while a search is conducted for a new CEO, the news release said.

Mr. Lambert couldn’t immediately be reached for comment.