New CIO for legalSuper

Industry fund legalsuper has appointed a new chief investment officer.

The fund announced this week it had appointed former Australian Unity head of portfolio management, Edward Smith, to the role.

Confirming Smith's appointment, legalsuper chief executive, Andrew Proebstl said it would increase the fund's internal investment expertise and create more capability to access investment opportunities that might not be readily accessible to larger super funds.

He said Smith would play a lead role in advising the fund's Investment Committee and Board on investment strategy, and overseeing all aspects of legalsuper's investment arrangements.

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