Wendy Norris has been promoted to deputy CIO, private markets, with the Future Fund. Norris, formerly head of infrastructure and timber, will oversee private equity, property and infrastructure and timberland. She is based in Melbourne. Raphael Arndt will continue as CIO taking on responsibility for the investment functions of the chief investment strategist as well as leadership of the asset class teams. Arndt also is based in Melbourne. Future Fund plans to fill the new role of head of portfolio strategy in due course.