Sue Brake will take on the permanent role of chief investment officer after taking it on in an interim capacity when Dr Raphael Arndt was appointed chief executive. Ms Brake will have overall responsibility for developing and implementing the investment strategy of the Future Fund and five other public asset funds, valued at $210 billion.
“Sue is a globally recognised investment leader. Markets and economies are operating in very unusual circumstances and her experience and expertise will be invaluable as we navigate this environment and seek to maximise long-term risk-adjusted returns,” said chairman the Honourable Peter Costello AC.
Ms Brake joined the Future Fund as deputy CIO for portfolio strategy in 2019 from Willis Towers Watson, where she was head of strategic advisory. Prior to that she worked as a senior investment strategist at the New Zealand Superannuation Fund. She holds a master’s degree in psychology from Canterbury University, as well as bachelor degrees in mathematics and computer science.
“Sue has added enormous value to our thinking and processes since she joined us. She combines deep understanding of our culture and how we work with new perspectives and ideas. She brings greater diversity to our thinking and will continue to enhance the quality of our decision-making,” said Mr Arndt.
Future Fund also announced the appointment of Doug Cain to head of unlisted property and Kelvin Mak as director in the private equity team. Genevieve Murray also commenced in her role as head of listed equities in early November after stepping down as head of Australian equities at AMP Capital.
