The Financial Services Council has appointed three new directors to its board.
NAB Wealth group executive and MLC Limited chief executive, Andrew Hagger; chief executive and managing director of Perpetual Limited, Geoff Lloyd; and David Bryant, chief executive and chief investment officer of Australian Unity Investments have replaced Steve Tucker, Pauline Blight-Johnson, Joyce Phillips and Gerard Doherty as FSC board directors.
FSC chairman, Peter Maher thanked the outgoing directors for their time and expertise while welcoming the newcomers.
"We welcome the breadth and depth of experience these directors bring to the FSC board," said FSC chairman Peter Maher.
"We are also delighted that Geoff Lloyd — who was a director from 2008 to 2010 − has re-joined the board."
He said it was a time of significant transformation for the financial services industry which was poised to become Australia's next major area of growth.
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The $7 billion fund has hired a new chief executive to succeed Lachlan Baird, who departed the fund in December last year after 18 years.
The $170 billion fund has announced an internal promotion to the newly created role.
Blue Owl Capital, a US asset manager with its eye on ‘marquee investors’ like super funds, has announced the appointment of a senior Future Fund executive as its newest managing director.
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