The Federal Government has appointed Robert Priestly to the Future Fund Board of Guardians, to fill the vacancy left by Steven Harker.
In a joint press release, the offices of Federal Treasurer, Scott Morrison and Finance Minister Mathias Corman announced that Priestly would serve on the board for five years from 7 November.
Priestly would bring over 30 years’ experience in financial services to the board, having worked in investment banking, financial markets, commercial banking, investor services, treasury services and asset management.
He is currently the chair of JPMorgan Australia and New Zealand and a non-executive director of the Australian Securities Exchange.
The press release said that Priestley’s considerable financial acumen and business expertise would complement the board’s existing skills.
The asset manager is bolstering its investments in the global energy transition and climate opportunities.
The ethical investment manager has reported record FUM as its growth trajectory continues apace.
The chief investment officers of UniSuper, HESTA, and TelstraSuper have elaborated on opportunities and risks that are top of mind when it comes to illiquid assets like private credit within their portfolios.
In an address to the National Press Club last week, the incoming chair of Australia’s sovereign wealth fund said institutional investors could play a role in the winding road towards net zero.
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