The Future Fund Management Agency has announced changes to its investment team.
Barry Brakey, head of property, has decided to leave the organization after 10 years. Brakey has led the development of a high-quality property portfolio with exposures across Australia, the United States and Europe valued at more than A$8 billion ($6.1 billion) as of March 31, 2018.
With Brakey's departure, and following the appointment of two deputy chief investment officers announced in March 2018, the agency has reorganized its investment team to create five new roles and has appointed existing senior investment staff into those roles.
The new structure is designed to maintain the organization’s significant asset class expertise while providing additional scope for collaboration across teams and sectors.
The new roles and those appointed to those roles are:
- Head of unlisted property — Stewart Tillyard
- Head of unlisted infrastructure & timberlands — James Fraser-Smith
- Head of listed tangible assets — Sarah Carne
- Head of debt — Craig Dandurand
- Head of alternatives — Ben Samild
The Future Fund is Australia’s sovereign wealth fund. As of March 31, 2018, the fund was valued at more than A$141 billion ($107 billion).
