IFM Investors appoints non-exec director

IFM Investors, which represents 23 industry superannuation funds, has announced the appointment of Chris Durack to its board as a non-executive director.

Durack had spent a decade working as co-chief executive, Asia Pacific at Schroders, responsible for its businesses in the Asia Pacific with $200 billion in assets under management.

He also held roles as CEO for the Schroders Australia business and was chair of the Schroders Australia board.

Before this he was based in Hong Kong as CEO of Schroders Hong Kong as well as leading the institutional business across Asia Pacific.  Durack was also a member of Schroders PLC Group Management Committee.

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Prior to his roles at Schroders, Chris was CEO at State Super NSW, giving him a great understanding about the needs of superannuation investors, and has held senior positions at Mercer and Towers Perrin.

IFM Investors chair, Greg Combet, said: “Mr Durack’s extensive experience as an asset manager, as well as an investor, alongside his global expertise makes him a great addition the IFM board.

“I’m confident his appointment will help us continue to deliver on our purpose, which is to protect and grow the retirement savings of working people.”

As a leader in the investment and asset management industry, Durack had been an investment board member of the Financial Services Council (FSC) in Australia and executive committee member and pension committee chair of the Hong Kong Investment Funds Association (IFA). 

Durack said he was delighted to be joining IFM Investors, calling the fund “a great Australian success story”.

“I look forward to working closely with my fellow directors to support IFM in delivering for investors and as it continues its ambitious plans for global growth,” he said.