Defined Contribution

LGIAsuper brings on new CEO

Kate Farrar was named CEO of LGIAsuper, Brisbane, Australia, a news release said.

Effective Monday, she replaced David Todd, who resigned as CEO but will continue as chief investment officer, a position he has held alongside the CEO role since 2006.

Ms Farrar was senior implementation leader at McKinsey & Co. It could not be learned if she was replaced; McKinsey spokesman Steve John could not be immediately reached for comment.

LGIAsuper is a Queensland-based superannuation fund with more than A$11 billion ($8.5 billion) in assets.

Representatives from LGIAsuper could not be reached for further information.