The LLL warmly welcomes Ross Smith as its new Chief Executive Officer, who will take over from Allen Kupke when he retires later this year.
Ross has been CEO of the Anglican Schools Corporation in NSW for four years. He is also Chair of the Glebe Administration Board, which oversees a $220m investment fund for the Anglican Church in Sydney and was previously also Chair of the Sydney Diocesan Secretariat.
“It’s a terrific opportunity to put to missional use all of the experience and skills that God has enabled me to develop over time,” Ross said.
Ross comes from a strong finance and management background, with his career shaped by significant involvement in corporate restructuring and work in mergers and acquisitions in Australia, Silicon Valley and London. His corporate credentials include financial sector roles at KPMG, PwC and McGrath Nicol.
He has led the Anglican Schools Corporation, which oversees 14,500 students, since 2016.
Ross is keen to get to know the team at the LLL and the wider Lutheran community ahead of setting strategic goals.
“I’m very conscious that the LLL is the custodian of funds that have been provided by people who are seeking to have their money work in accordance with Lutheran beliefs. We’re not just an ADI (Authorised Deposit-taking Institution), and I want to see that deployment of funds with a Lutheran missional approach continues,” Ross said.
LLL Board Chair Graeme Huf welcomed the appointment and said Ross would bring new insights to the financial institution.
“The LLL is at the heart of the Lutheran Church in Australia and Ross brings with him great leadership abilities, strong and proven financial acumen, and a deep understanding of how Christianity shapes organisations,” Graeme said.
“He understands missional purpose and the LLL Board looks forward to Ross’ engagement with our LLL customers, the Lutheran Church and the communities the LLL supports.”
The LLL would like to acknowledge the dedication, commitment and achievements of Allen Kupke, who will be retiring as Ross takes the helm.
After joining the LLL in 1988, Allen held various roles until being appointed as CEO in 2008. During his time, Allen oversaw the growth of deposits from $560m in June 2009 to $1.28 billion at June 30 this year. Allen also guided the LLL through the five-year transition from being a Religious Charitable Development Fund to an ADI.
The LLL wishes Allen God’s richest blessings for a fulfilling retirement.
The full news release can be viewed here.