Lounarda David has resigned from Sunsuper, where she was chief investment operations officer for the $49 billion industry fund, it was announced to staff last Friday. She is expected to join a funds management firm.
David, a former regional head of Mercer Sentinel, the custody and operational advice arm of Mercer, has been at Sunsuper, based in its Sydney investments office, for nearly four years. She is expected to become the chief operations officer at IFM Investors, which is a new role.
David was at Mercer for about 14 years, at first running the Australian business of Mercer Sentinel, which includes transition management, and then becoming a partner and the Asia Pacific regional director. She started her career as a relationship manager at State Street in the 1990s.
IFM is owned by 27 super funds, has eight offices around the world, about $101 billion under management (as at December 31) and invests in four asset classes: debt, listed equities, infrastructure and private equity.