Sue Brake, Chief Investment Officer of the Future Fund Management Agency, has decided to leave the organisation for family reasons.
Ms Brake has been in the role since December 2020. She was appointed as the acting Chief Investment Officer in July 2020, having joined the Future Fund as Deputy Chief Investment Officer, Portfolio Strategy, in June 2019.
As Chief Investment Officer, Ms Brake was instrumental in the review of the Future Fund investment strategy. She was also a member of the organisation’s Senior Leadership Team.
Dr Raphael Arndt, Future Fund Chief Executive Officer said: “I want to thank Sue for her valuable contribution to the Future Fund during a time of unprecedented change in global markets and economies.
“Her leadership and work on the review of the investment strategy leave a significant and positive legacy at the Future Fund. We wish Sue all the very best for the future.”
Sue Brake said: “I am very proud of the Investment team’s achievements over the past few years, which will enable the Future Fund to continue its critical mission of investing for the benefit of future generations of Australians.
“It has been a privilege to contribute to the success of the Future Fund and to work with such a talented team of investment professionals.
“I am looking forward to this period where I can focus on my family, and grateful that I am able to leave the team and portfolio in very good hands to do that.”
Ms Brake’s departure has created the opportunity for the Future Fund to restructure its Investment team so that the function is best placed to meet the challenges of the evolving macro environment.
Specifically, the new structure will bring focus to optimising governance, people and technology with three Deputy CIO roles reporting directly to the Chief Investment Officer:
- Wendy Norris will become Deputy CIO, Change & Innovation;
- Ben Samild will take on the role of Deputy CIO, Portfolio Construction; and
- Alicia Gregory will join the senior leadership team as Deputy CIO, Private Markets.
The new team combines deep skills and capabilities, and a range of perspectives and tenures with the Future Fund.
Dr Arndt will act as Chief Investment Officer while maintaining his role as Chief Executive Officer until the CIO position is filled. Dr Arndt was previously the Chief Investment Officer between 2014 – 2020.
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