legalsuper in search for a new Chief Executive
legalsuper Chief Executive Andrew Proebstl has announced his decision to leave the organisation after almost 20 years in the role.
legalsuper is the predominant super fund specialising in the legal community, managing more than $5 billion on behalf of more than 41,000 members. Proebstl had a lead role in the negotiation and implementation of seven mergers of other legal sector funds which ultimately lead to the creation of legalsuper. Over the two decades since he joined legalsuper, assets under management role from $190 million to $5 billion.
The Fund was recently placed in the highest award category by the major rating agencies: The Heron Partnership and Rainmaker.
Board Chair Kirsten Mander praised Proebstl as an industry leader, who is leaving the Fund in a position of strength.
“Andrew is widely recognised as an advocate for smaller super funds being able to deliver strong results to members and provide more personalised and customised products and services to members” she said.
“During his time at the helm, Andrew nurtured and extended the capability of our people to ensure legalsuper always delivered high quality, personal and tailored experiences for its members and employers.”
“Andrew leaves legalsuper in a position of strength, with an ambitious outlook for the future, where our size has meant we can do things differently and be responsive to the current and future needs of our members. Andrew leaves legalsuper not only as a well-regarded leader of the fund but also a respected industry leader.”
“On behalf of the Board, I’d like to thank Andrew for his commitment and his contribution over two decades with legalsuper,” Mander said.
Proebstl said he was excited about embarking on the next phase of his career, leaving legalsuper knowing he had achieved the goals he set himself.
“It was an honour and a privilege to have had the opportunity to work with such a fabulous team at legalsuper. I’m very proud of the results the Fund achieved during my time as Chief Executive, and I look forward to seeing how the business evolves from here.”
Proebstl will exit the Fund on 23 November, in the meantime, Trevin Erichsen has accepted the Board’s request to step into the role of Interim CEO, continuing with the executive team to execute legalsuper’s current business strategy.
legalsuper has engaged global executive search company Odgers Berndtson to conduct an extensive recruitment process to find the new Chief Executive, who will be expected to build on the Fund’s existing strong member base and performance.
Quarterly performance update - July to September 2023
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