Former Macquarie Bank CEO joins Future Fund

InvestorDaily

The federal government has announced the appointment of former Macquarie Bank chief executive officer Mary Reemst to the Future Fund board of guardians for a five‑year term. Ms Reemst spent more than two decades at Macquarie Group, including seven years as CEO of Macquarie Bank and 11 years as its global head of credit, before departing in 2021. She previously held senior investment banking roles at Bankers Trust Australia and formerly served as a board member of the Australian Bankers’ Association, the Australian Financial Markets Association, and the Financial Markets Foundation for Children.

In a joint statement issued on Thursday, Treasurer Jim Chalmers and Minister for Finance Katy Gallagher said Ms Reemst’s appointment, which is effective as of 6 October, “will help maintain the high level of skills and experience on the Future Fund board”. “The Future Fund was established in 2006 to help the government meet its unfunded superannuation obligations. The government is committed to expanding the pool of potential candidates for government entities including the Future Fund board of guardians,” they said.

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