South Australian public sector fund Funds SA has appointed a new chair as well as a new director.
Funds SA has announced in a statement that board director Paul Laband had been appointed to the position of chair.
Mr Laband has been a director of the board since April 2016 and has experience in funds and investment management, global portfolio management, and asset consulting.
He is a former head of Towers Perrin as well as National Australia Asset Management, and previously held a strategy role at UniSuper.
Mr Laband also has extensive experience sitting on the boards of numerous boards and investment committees, including TelstraSuper, The Salvation Army Southern Territory, the Uniting Church Beneficiary Fund, WorkCoverSA, Wingate Asset Management and JCP Investment partners.
Commenting on his own appointment, Mr Laband said he was “honoured and delighted” to step into the role of chair at Funds SA.
“I look forward to continuing to work with the Board and Management at what is a very exciting time for this substantial funds management organisation based in Adelaide, and investing on the global stage,” he said.
The public sector fund has also appointed former IFM Investors head of private equity Judith Smith to the board.
Ms Smith has experience in investment management as well as governance and risk.
She was at IFM Investors (formerly Industry Funds Management) from 1998 to 2013, and prior to that was head of equity research and Australian equity strategy at National Mutual from 1983 to 1995.
Ms Smith returned to IFM Investors in 2013 as a member of its investment committee and also presently sits on the board of LUCRF Super, Acorn Capital Investment Fund, and Universal Biosensors.
“I am very much looking forward to joining the board of Funds SA, and being able to make a contribution to the future growth and development of the organisation,” Ms Smith commented.
Funds SA manages the investment portfolios of the South Australian public sector super funds and has over $30 billion funds under management.
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