The Board consists of a Chair and six other members. 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.
Board members are appointed on a part time basis for a term of up to five years and are eligible to be reappointed.
Mr Costello was first appointed to the Board with effect from 18 December 2009.
Mr Costello was appointed acting Chairman on 11 January 2014 and Chairman with effect from 4 February 2014 for a five-year term. He was re-appointed as Chairman for another five-year term with effect from 4 February 2019. 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 the Chairman of Nine Entertainment Co. and 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.
Ms Kay was appointed with effect from 14 April 2015 for a five-year term.
Ms Kay has more than 30 years’ experience in the finance sector both in executive and non-executive roles. As an executive Carolyn worked as a banker and as a lawyer at Morgan Stanley, JP Morgan and Linklaters & Paines in London, New York and Australia. In addition, she has been and remains a non-executive director of enterprises across a broad range of industries. Ms Kay is currently a Director of Allens Linklaters, Brambles, John Swire & Sons P/L, Scentre Group, the Australia-China Council and in the not-for-profit sector, the General Sir John Monash Scholarship Foundation. She was awarded a Centenary Medal for services to business.
Mr Poynton was appointed with effect from 4 February 2014 for a five-year term. He was re-appointed for another five-year term with effect from 4 February 2019.
Mr Poynton is Chairman of Jindalee Partners, Strike Energy Limited and Sapien Cyber Ltd. He is also the Chairman of Council of Christ Church Grammar School and Giving West and has previously served as the Chairman, Deputy Chairman or Non-Executive Director of a number of ASX listed companies, Federal Government boards, education institutions and not-for-profit enterprises. Mr Poynton is an Officer in the General Division of the Order of Australia and is a past recipient of a WA Citizen of the Year award in the industry and commerce category. He holds a Bachelor of Commerce and an honorary Doctor of Commerce from the University of Western Australia.
Dr Wilson was appointed with effect from 14 April 2015 for a five-year term.
Dr Wilson has had a distinguished career as an independent Director with a background in finance, banking and medicine. Dr Wilson is a non-executive Director of Transurban and an independent Director of Sonic Healthcare Ltd and the General Sir John Monash Foundation. She is also Co-Chair of the Australian Government Advisory Board on Technology and Healthcare Competitiveness. Dr Wilson was Deputy Chancellor of the University of Queensland and has previously served on boards of ASX-listed companies, Government-owned Corporations and non-for-profit companies. Dr Wilson was awarded the 2016 Australian Institute of Company Directors Queensland Gold Medal Award for contribution to business and the wider community.
Ms Flaherty was appointed with effect from 3 April 2016 for a five-year term.
Ms Flaherty has extensive experience in corporate governance, finance, infrastructure and law, including most recently as an Executive Director at Infrastructure NSW and Deputy Chief Executive Officer at Reliance Rail. Ms Flaherty is an inaugural member of the Sydney Metro Authority, the new independent body established to oversight the Sydney Metro rail project. Her current appointments include National Chair, Professional Scholarship Selection Committee of the Australian-American Fulbright Commission and Non-Executive Director of the Australian Youth Orchestra and PCYC NSW.
Mr Wachtel was appointed with effect from 3 April 2016 for a five-year term.
Mr Wachtel’s primary business experience is global in nature and predominately in the area of large complex international business. Through various leadership roles in the professional services industry he has extensive experience in organisational leadership, finance, risk management and governance, including as a former Chair (Asia Pacific & Oceania) of Ernst & Young (EY) and a member of the EY Global Governance Council & Global Risk Executive Committee. He is a Non-Executive Director of SEEK, the Australian Centre for the Moving Image (ACMI) and the St Vincent’s Medical Research Institute, and a past President of the International Fiscal Associations (IFA Australia).
Mr Fraser was appointed with effect from 12 November 2018 for a five-year term.
Mr Fraser has more than 40 years' experience in leadership roles in economics, public policy, capital markets and asset management in Australia and overseas. Mr Fraser is an Independent Director of AMP Limited. He was Secretary to the Australian Treasury from 2015 to July 2018 serving as a member of the Board of the Reserve Bank of Australia, a member of the Australian Council of Financial Regulators and Chair of the G20 Global Infrastructure Hub. Prior to this, Mr Fraser was Chairman and CEO of UBS Global Asset Management based in London, a member of the UBS Group Executive Board and Chairman of UBS Saudi Arabia. He also served as an Australian Stock Exchange Board director and as Chairman of Victorian Funds Management Corporation. Prior to 1993, Mr Fraser held a number of senior positions with the Treasury over 20 years, including postings at the International Monetary Fund and the Australian Embassy in the United States. In 2001 he received a Centenary medal for service to Australian society through business and economics.