The Future Fund Board of Guardians (the Board) consists of a Chair and six other members. Board members are appointed by the responsible Ministers and selected for their expertise in investing in financial assets, managing investments and corporate governance. Each Guardian is appointed on a part time basis for a term of up to five years.

Mr David Gonski AC (Chair)

Mr Gonski is the Chairman of Investec Bank Australia Limited (IBAL) and has significant management, financial structuring and corporate advisory experience. He was a founder of Investec's predecessor corporate advisory business, Wentworth Associates, and previously a partner at the law firm Freehills. David is Chairman of Coca-Cola Amatil Limited, the Sydney Theatre Company and Ingeus Ltd and was Chairman of ASX Limited until the end of March 2012. He is also a Director of Singapore Airlines and is Chancellor of the University of New South Wales. David is a Life Fellow of the Australian Institute of Company Directors and a Fellow of CPA Australia. Mr Gonski was appointed an Officer of the Order of Australia in 2002 and a Companion of the Order of Australia in 2007.

Ms Carol Austin

Ms Austin is Investment Services Director for Contango Asset Management and a member of the Boards of HSBC Bank Australia and the Tasmanian Public Finance Corporation. She has held senior positions with Rothschild Australia Asset Management, Commonwealth Funds Management, BHP and the Reserve Bank of Australia.

Hon Peter Costello AC

Mr Costello served as a member of the House of Representatives from 1990 to 2009 and was Treasurer of the Commonwealth of Australia from March 1996 to December 2007. He served as Chair of the APEC Finance Ministers in 2007 and Chair of the G20 in 2006. He was a committee member of the International Monetary Fund, a Governor of the World Bank and the Asian Development Bank for approximately 10 years. He currently serves on an Independent Advisory Board to the World Bank. Prior to entering Parliament, Mr Costello was a practising barrister. In 2011 he was appointed a Companion of the Order of Australia for eminent service to the Parliament of Australia, particularly through the development of landmark economic policy reforms and representative roles with global financial organisations.

Ms Susan Doyle

Ms Doyle was Chair of the Australian Reward Investment Alliance (ARIA) until July 2009. Ms Doyle has had an extensive executive career in the funds management industry, particularly in the equities and fixed interest sectors, working with Commonwealth Funds Management, Suncorp Metway and Insurance Australia Group.

Mr Stephen Fitzgerald

Mr Fitzgerald was previously Chairman of Goldman Sachs Australia and New Zealand and formerly Co-Chief Executive of Goldman Sachs & Partners Australia. He had a long career with Goldman Sachs including senior roles in London, Tokyo and Hong Kong and has substantial experience in asset management in Australia and internationally.

Mr Steven Harker

Mr Harker was appointed with effect from 3 April 2012 for a period of five years.

Mr Harker has deep understanding of global financial markets and substantial expertise in investment and asset management. He is the Managing Director and Chief Executive Officer of Morgan Stanley Australia and is a Director of Australian Financial Markets Association Ltd and Investa Property Group.

Dr John Mulcahy

Dr Mulcahy has broad corporate experience and expertise in retail financial services. He was Chief Executive Officer and Managing Director of Suncorp and previously held a number of senior roles in the Commonwealth Bank including the role of Group Executive, Investment and Insurance Services. Prior to joining the Commonwealth Bank he was Chief Executive of Lend Lease Property Investment Services and Chief Executive of Civil and Civic.