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Local Government Super names new CEO

Industry fund Local Government Super has appointed former Zurich Financial Services boss David Smith as its new chief executive.

Local Government Super (LGS) appointed former AXIS Specialty Australia chief executive David Smith to replace the outgoing Peter Lambert.

Before his time at AXIS between 2011 to early 2016, Mr Smith was the chief executive of Zurich Financial Services.

LGS chair Katherine O'Regan said the appointment followed a "rigorous" search process.

"The board have chosen David for his track record in financial services, fit with the fund’s values and ability to deliver on the strategy," Ms O'Regan said.

"I am confident he shares our passion for the best possible retirement outcomes for members, and that this will remain at the heart of all decisions. David's C-suite experience brings additional capability to LGS and its members as we enter the next stage of growth."

For his part, Mr Smith said, "As a global leader in responsible and sustainable investment, LGS has established a strong reputation for providing some 90,000 members with outstanding value via a combination of local, tailored service together with comprehensive investment options and competitive fees.

"I am committed to leading LGS to further develop and evolve this investment approach, which in turn, will play a key part in the ongoing success of the fund. I look forward to working with the LGS leadership team and the board."


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