Future Fund Board of Guardians

The Future Fund Board of Guardians is responsible for investing the assets of the Future Fund and other investment funds.

The Board consists of a Chair and six other members. Board members are appointed by the responsible Ministers, in accordance with legislation, 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.

Hon. Peter Costello AC 

Hon. Peter Costello AC (Chairman)

Mr. Costello was first appointed to the Board with effect from 18 December 2009. He was appointed acting Chairman on 11 January 2014 and Chairman with effect from 4 February 2014 for a five year term.

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 has been Chair of the G20 Central Bank Governors and Finance Ministers, the OECD Ministerial Council, the APEC Finance Ministers, and a Governor of the IMF, World Bank and Asian Development Bank.  He has served as Chairman of the Independent Advisory Board to the World Bank.

Mr. Costello is a Director of Nine Entertainment Co and Chairman of ECG Financial Pty Ltd. Mr. Costello was appointed a Companion of the Order of Australia in 2011 for eminent service to the Parliament of Australia through the development of landmark economic policy reforms.

Carol Austin

Ms. Carol Austin

Ms. Austin was appointed with effect from 3 April 2011 for a period of five years.

 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.

Stephen Fitzgerald

Mr. Stephen Fitzgerald

Mr. Fitzgerald was appointed with effect from 3 April 2011 for a period of five years.

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.

Steven Harker

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.

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Ms. Carolyn Kay

Ms. Kay was appointed with effect from 14 April 2015 for a period of five years.

Ms. Kay has extensive experience in the finance sector both in executive and non executive roles, including working as a banker and as a lawyer at Morgan Stanley, JP Morgan and Linklaters & Paines in London, New York and Australia and most recently as a former director of the Commonwealth Bank of Australia. Ms Kay is currently a director of Allens Linklaters, Brambles, John Swire & Sons P/L and a number of not-for-profit organisations. She has also been awarded the Centenary Medal for services to business.

John Poynton

Mr. John Poynton AM

Mr. Poynton was appointed with effect from 4 February 2014 for a period of five years.

Mr. Poynton is the Chair of Azure Capital and a Director of Crown Perth. Mr. Poynton also previously served as a Director of the Export Finance Insurance Corporation, a member of the Higher Education Endowment Fund and served as a member of the Payment Systems Board of the RBA.

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Dr. Jane Wilson

Dr. Wilson was appointed on 14 April 2015 for a period of five years.

Dr. Wilson has had a distinguished career as an independent director with a background in finance, banking and medicine. Dr. Wilson is an independent director of Sonic Healthcare Ltd and a member of the Prime Minister's Business Advisory Council. She also sits on the Winston Churchill Memorial Trust Board.


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