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Legalsuper names new chief executive
Legalsuper, the superannuation fund for Australia’s legal community, has appointed a new chief executive.
Jerome Doraisamy
Luke Symons (pictured) has been appointed as the fund’s new chief executive, bringing strong commercial and wealth industry experience to the role, built up over a quarter of a century, leading and managing end-to-end businesses across both traditional and start-up environments within financial services, including in senior roles at ANZ Banking Group and AMP.
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In superannuation, legalsuper said in a statement, Mr Symons has had a particular focus on strategy, product innovation, member engagement and digital transformation, while in the advice business, his key priorities were around digital advice solutions, regulatory change, client engagement and merger and acquisition (M&A) of advice firms.
He will commence in his new role on 11 April.
Reflecting on his new role, Mr Symons said that the increasing focus on Australia’s superannuation industry presents genuine opportunities for innovation, member engagement and growth for those funds with a clear organisational strategy, high-performing teams and an ability to execute.
“The superannuation sector is experiencing unprecedented attention from policy makers, industry commentators and the media at present — providing challenges and more importantly opportunities to establish clear market and service differentiation and continue developing genuine member solutions and experiences,” he outlined.
“Importantly, I look forward to working with legalsuper’s executive team and board to continue legalsuper’s strong long-term investment performance, which has seen the fund’s MySuper returns — where the majority of members are invested — outperform the SuperRatings all fund median over one, three, five, seven and 10 years.”
legalsuper’s independent chair, Kirsten Mander, added that Mr Symons brings a unique combination of professional experience and technical skills to the role of chief executive, together with a strong energy and enthusiasm to pursue legalsuper’s purpose of empowering Australia’s legal community to build retirement wealth.
“Throughout our recruitment process, Luke exhibited the great clarity of insight and innovative thought that he is known for. His considerable experience across member engagement, service and product innovation, digital transformation, and high-performance team leadership were all clearly demonstrated — and he brought key insights from this breadth of experience to the table during our search,” she said.
“He was also enthusiastic about the strategic benefits presented by legalsuper’s legal profession specialisation and the associated opportunities for innovation, agile decision-making and personalised member engagement.”
Legalsuper manages more than $5 billion on behalf of more than 41,000 members.
