|First published: April 16|
Ms Farrar brings 25 years’ experience in senior leadership roles to the fund, most recently as Senior Implementation Leader at McKinsey & Company.
She has also held executive positions in the energy sector and financial services industry.
Announcing the appointment, LGIAsuper Chair, John Smith, said Ms Farrar’s appointment followed an extensive executive search, with an exceptional field of candidates considered for the role.
Mr Smith said the appointment came at an exciting time for the fund, which has just implemented the world’s most advanced administration systems and been named as Australia’s best medium fund by Conexus Financial. “Kate joins us at an exciting time in our fund’s history,” he said.
Former CEO, David Todd, will continue in his role as Chief Investment Officer, a position he has held alongside the CEO role since 2006.
Mr Smith thanked Mr Todd for his contribution as CEO, noting a number of significant milestones reached under his leadership, including the successful merger with City Super and LGIAsuper’s transition to a public offer fund in 2017.
Ms Farrar starts her new position today.