Adam Tucker has joined Australia’s sovereign wealth fund as director, risk partnering.
Prior to this, he was at Rest for over five and a half years where he held a number of roles across investment operations. He left the fund in July 2023.
Most recently, Tucker was a senior manager at Rest, where his responsibilities included the strategic management of the fund’s outsourced investment operations functions, as well as project management for Rest’s strategic initiatives, such as management of an investment asset consultant benchmark review.
He previously spent almost eight years at Suncorp, also in investment operations, where he was responsible for the management and oversight of Suncorp’s outsourced custody and investment administration services and investment management operations functions.
His experience also includes four and a half years as a project manager and program manager at Perpetual.
Sharing the news on LinkedIn, Tucker said the move to the Future Fund follows a “personally rewarding 10-month break”.
Earlier this month, the $230 billion fund also welcomed its new chair Greg Combet, who was appointed for a five-year term by Treasurer Jim Chalmers in January.
A former minister for climate change, industry, and innovation in the second Gillard administration, Combet came to the fund from the government’s Net Zero Economy Agency, where he served as inaugural chair.
He was recently awarded Officer of the Order of Australia (AO) in the general division for “distinguished service to the people and Parliament of Australia, and to the banking and superannuation industries” in the King’s Birthday Honours List for 2024, having previously served as chair of IFM Investors and Industry Super Australia, and as deputy chair of AustralianSuper.
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.
The $89 billion fund has announced a new leadership role within its private markets team.