The Albanese Government is appointing Ms Fiona Trafford‑Walker and Mr Adam Tindall as members of the Future Fund Board of Guardians for five‑year terms.
These highly qualified appointees will ensure our sovereign wealth fund can continue its strong record of returns for the Australian people.
Ms Trafford‑Walker is a highly experienced investment professional with over 30 years in institutional financial asset consulting and provision of institutional investment advice.
She has extensive experience in various leadership roles at Frontier Advisors.
Ms Trafford‑Walker commenced on 12 May 2026.
Mr Tindall has worked for over 35 years in the investment and real estate industries.
He has extensive global experience in portfolio, investment and asset management and corporate governance having held leadership and executive roles at AMP Capital, Macquarie Group and Lendlease.
Mr Tindall's appointment will commence following the conclusion of Dr Deborah Ralston's term in September 2026.
These appointments will complement the significant investment and corporate governance skills and experience on the Board.
The Government would like to take the opportunity to thank outgoing members, Mrs Patricia Cross AM and Dr Deborah Ralston, for their significant contribution to the Board over the past 5 years.
During their tenure, the Board oversaw the implementation of an updated Future Fund Investment Mandate focused on aligning the Fund's investments with the nation's priorities, where it makes financial sense to do so.
In the year to 31 March 2026, following the introduction of the updated Investment Mandate, the Fund made a return of over $28 billion, or 11.7 per cent. This follows returns of 12.2 per cent in 2024 and 8.0 per cent in 2023.
The Future Fund also achieved a 10‑year return of 8.6 per cent, above the mandated target return of 7.0 per cent.
We look forward to the contribution that Ms Trafford‑Walker and Mr Tindall will make to continuing this important work.
