Global institutional funds manager IFM Investors today announced the appointment of The Hon. Greg Combet AM as Chair of the IFM Investors Board.
Mr. Combet's appointment, effective 1 January 2019, follows the retirement of Mr. Garry Weaven (current Chair of IFM Investors), Ms. Linda Rubenstein and Mr. Murray Bleach on 31 December 2018.
IFM Investors also announced the appointment of new board members, Ms. Alison Larsson and Mr. Grant Dempsey, who commenced on 1 July 2018 and Ms. Cath Bowtell who commences on 1 January 2019. These appointees join Mr. John Denton AO, who was appointed to the Board on 1 January 2018.
The IFM Investors Board now comprises eight members that command a broad range of skills and acumen. The Board members, from 1 January 2019, are: The Hon. Greg Combet AM (Chair), Mr. Michael Migro, Ms. Carol Gray, Ms. Deborah Kiers, Mr. John Denton AO, Ms. Alison Larsson, Mr. Grant Dempsey and Ms. Cath Bowtell.
Mr. Weaven's retirement closes a chapter on an exceptional career as a key architect behind the creation and growth of the industry superannuation fund movement and IFM Investors; which has benefitted the retirement income of everyday working people in Australia and across the globe.
Mr. Garry Weaven said: "Under Greg's leadership, IFM Investors will continue to retain our differentiated cultural heritage and investor-first approach, with the aim to deliver strong net returns to working people who benefit from our increasingly global institutional funds management business".
IFM Investors Chair-elect Mr. Greg Combet said: "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".
"Garry has been the pivotal figure in the growth and success of IFM Investors since it was created more than two decades ago. I congratulate and thank him for his pioneering role, vision for the company and energy in bringing IFM Investors to the success story that it is today," Mr. Combet said.
"IFM Investors has grown to manage assets of A$113 billion[1], across multiple asset classes. From its origins as a fund manager for shareholder industry superannuation funds, IFM Investors has grown globally by engaging with hundreds of pension fund and like-minded institutional investors in North America, the UK, Europe, Asia and Middle East".
"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. I believe the Board is well equipped with a diversity of skills and experience to support the executive team in its objectives," Mr. Combet said.
