IFM Investors appoints non-exec director

1 February 2022
| By Liam Cormican |
image
image
expand image

IFM Investors, which represents 23 industry superannuation funds, has announced the appointment of Chris Durack to its board as a non-executive director.

Durack had spent a decade working as co-chief executive, Asia Pacific at Schroders, responsible for its businesses in the Asia Pacific with $200 billion in assets under management.

He also held roles as CEO for the Schroders Australia business and was chair of the Schroders Australia board.

Before this he was based in Hong Kong as CEO of Schroders Hong Kong as well as leading the institutional business across Asia Pacific.  Durack was also a member of Schroders PLC Group Management Committee.

Prior to his roles at Schroders, Chris was CEO at State Super NSW, giving him a great understanding about the needs of superannuation investors, and has held senior positions at Mercer and Towers Perrin.

IFM Investors chair, Greg Combet, said: “Mr Durack’s extensive experience as an asset manager, as well as an investor, alongside his global expertise makes him a great addition the IFM board.

“I’m confident his appointment will help us continue to deliver on our purpose, which is to protect and grow the retirement savings of working people.”

As a leader in the investment and asset management industry, Durack had been an investment board member of the Financial Services Council (FSC) in Australia and executive committee member and pension committee chair of the Hong Kong Investment Funds Association (IFA). 

Durack said he was delighted to be joining IFM Investors, calling the fund “a great Australian success story”.

“I look forward to working closely with my fellow directors to support IFM in delivering for investors and as it continues its ambitious plans for global growth,” he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

2 days 9 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

2 days 9 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

2 days 10 hours ago