Global institutional funds manager, IFM Investors has announced the appointment of The Hon. Greg Combet of its board.
The appointment followed the retirement of current chair of IFM investors Garry Weaven as well as Linda Ruben stein and Murray Bleach and would be effective from the start of the new year.
Additionally, IFM Investors also announced the appointments of other new board member which included Alison Larsson, Grant Dempsey, Cath Bowtell and John Denton.
After all these changes the board would comprise eight member who, according to the firm, would command a broad range of skills and acumen.
“IFM Investors is a unique fund manager owned by all profit-to-members Australian superannuation funds. Its core purpose is to deliver superior net investment returns to members of superannuation and pension funds and like-minded institutional investors around the world,” Combet said.
“My aim as Chair is to continue the journey that Garry started and to build IFM Investors’ standing as a long-term investor, aligned to investor objectives, while respecting labour rights and its environmental and social responsibilities.”
IFM Investors currently manages assets of A$113 billion, across multiple asset classes, and has continued its global expansion by engaging with pension funds and like-minded institutional investors in North America, the UK, Europe, Asia and Middle East.