Issue 2 2021
16 CEO MONTHLY / ISSUE 2 2021 , Securing Stability in Retirement Savings Since 1965, LGIAsuper has provided trusted and reliable investment, advice, and insurance solutions so that every member and client that works with the firm can achieve the dignified, enjoyable, and fruitful retirement that they have worked so hard to secure. LGIAsuper is actually an amalgamation of LGsuper and City Super, two groups that came together from the 1st of July 2011 to become one fund for all of the local government officials and workers in Queensland. Five years later, the fund then entered a new era when it took on the name of LGIAsuper before becoming an open fund the year after. Now, the fund can ensure that members and clients no longer have to be a local government employee in Queensland, or a spouse of a governmental official. Everyone can enjoy the experience of having a retirement savings fund with one of the best that Australia has to offer. LGIA stands for Local Government Investments Australia, and it stands as a nod to the fund’s proud heritage as the default super fund for Queensland local government. In recent years however, the fund has grown to mean more than that. As has already been showcased, the fund is now a beacon that signifies a deep- rooted commitment to investing For more than half a century, LGIAsuper has diligently looked after the retirement savings of local government officials and their partners in Queensland. Since opening its doors in June 30th, 2017 to welcome newmembers from communities everywhere, the work of LGIAsuper has continued to grow to greater heights and achieve better things than ever before. At the head of the firm is the recipient of this years’ title of Retirement Savings CEO of the Year (Australia): Kate Farrar. Join us as we find out more about Kate and the work of LGIAsuper. Jun20139 in the local communities across Australia where members live and work. LGIAsuper is now a public fund, meaning anyone can join and experience the satisfaction of sharing in a future with growth. As of the end of December 2020, the work of LGIAsuper was in a very good place, with the firm looking after more than thirteen billion dollars’ worth of retirement savings for around 73,000 members. Simply put, there has never been a more exciting time to be a member of LGIAsuper, with a strong future on the horizon and financial stability in a time when stability is all most people want. Overseeing the success of LGIAsuper is chief executive officer Kate Farrar. Appointed to her current role in 2018, Kate has been responsible for leading the ongoing change and transformation that has been required to build on LGIAsuper’s outstanding success over the last half a century and beyond. Kate herself has a quarter of a century’s experience in senior leadership positions, which has given her the necessary experience to be able to fit right in and take command of executive processes and procedures. Before joining the team at LGIAsuper, Kate was the Senior Implementation leader at McKinsey & Company, with previous other roles including Managing Director of QEnergy, and senior positions in the financial services industry at Barclays and Suncorp. From an education standpoint, Kate boasts a Bachelor of Music (Honours) degree, coupled with a Master’s degree in Econometrics and Finance. She is also a graduate of INSEAD’s Advanced Management Programme, and all of her experience has given her the skills, talent, and quality necessary to be able to step into most environments and deliver success for her employers. Kate’s ability to adapt to her situation is one that has continually stood her in good stead with employers and clients alike, and it is an ability that has surely come in very useful during the global pandemic caused by COVID-19. Her leadership has steered the firm through uncertain times with a steady hand, and that steadiness also speaks volumes to both potential and old clients alike. Ultimately, financial stability is something that everybody wants to have achieved by the time they are able to retire, and having money stored safely away is absolutely imperative. When partnering with the team at LGIAsuper, that is exactly what people from all walks of life can have now. Kate’s leadership has seen the firm navigate a difficult period for the world, whilst maintaining the stability that people look for. Both LGIAsuper and Kate are fully deserving of all the success they achieve, especially within the world of retirement savings. Company: LGIAsuper Contact: Kate Farrar Website: www.lgiasuper.com.au
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