Victorian Funds Management Corporation (VFMC) has appointed Goldman Sachs JBWere (GSJBW) veteran Justin Arter as its chief executive officer.
Arter's appointment follows the resignation of former chief executive Syd Bone on 31 March 2009.
"Justin is an accomplished individual and his wealth of experience qualifies him to lead our Executive team," VFMC chairman John Fraser said.
"I welcome Justin to VFMC knowing he shares our goal to be recognised as a top class asset management firm and understands we are operating in very competitive national and global environment".
Arter has over 20 years experience in the financial services sector, which included several senior management roles within Goldman Sachs JBWere since he joined the firm in 1991.
VFMC undertook an extensive global search for the position. VFMC chief investment officer Justin Pascoe has been leading the organisation as acting chief executive since April.
After Arter joins VFMC on 9 November, Pascoe will focus solely on his role as chief investment officer.
VFMC managed investments of $33.9 billion at 30 September 2009 for 14 Victorian public sector and related organisations.
