The Future Fund has moved to a structure with two permanent Deputy CIOs and tightened up the reporting lines into the two roles
The Future Fund has appointed Hugh Murray as Deputy Chief Investment Officer (CIO), a role he had been performing in an acting capacity following the appointment of Ben Samild as CIO of the fund.
The Heads of Dynamic Asset Allocation, Strategic Opportunities & Integration, Overlays & Treasury and Economics & Capital Markets will report directly to Murray.
Murray was previously Head of Overlays for the fund.
The role of Deputy CIO Alicia Gregory has been expanded to include the Alternatives and Listed Equities teams as direct reporting lines, alongside the Credit and Private Equity teams.
Gregory will also create a new position of Head of Tangibles, which will include the Infrastructure & Timberland and Property and Listed Tangibles teams. This role will also report directly to Gregory.
The appointment of two Deputy CIOs is designed to “enhance collaboration and complement the Future Fund’s unique ‘joined-up’ approach to investing, as well as further build the investment team’s ability to respond to the changing investment markets”, the fund said.
They follow the appointment of Ben Samild as CIO in August of this year.
“The investment landscape has changed significantly in recent times, so there is a corresponding need to re-design how we work as an investment function in this new environment,” Samild said.
“The refreshed structure that we are introducing today represents an evolution in how we operate to leverage the strengths and capabilities of the Investment Team.
“It is designed to provide role clarity, encourage cross-team collaboration and empowers our teams to make critical investment decisions,” he said.
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