New Chairman Named for Australia's Future Fund | Chief Investment Officer
Greg Combet will move from Australia’s Net Zero Economy Agency and take on leadership of the sovereign fund later this year.
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Greg Combet will move from Australia’s Net Zero Economy Agency and take on leadership of the sovereign fund later this year.
The Future Fund holds stakes in over 50 Chinese companies with links to human rights abuses and national security threats, associated with the People's Liberation Army, involved in the oppression of Uyghurs in Xinjiang, and invested in sanctioned nations such as Russia, Iran, and North Korea.
The addition of Mary Reemst to the board gives the government another potential contender to succeed Peter Costello as chairman.
The Future Fund Board of Guardians will be forced to periodically disclose the investment holdings of the $250 billion sovereign wealth fund.
Treasurer Jim Chalmers is in talks with Future Fund governor, Peter Costello, about whether he will remain at the sovereign wealth fund for another term, as it seeks to make two board appointments.