The Chairman of Victorian Funds Management Corporation (VFMC), James MacKenzie, announces the departure of Elana Rubin from the Board of VFMC (effective 24 April 2023). Elana has been appointed as a member of the Board of the Reserve Bank of Australia commencing in September 2023. “The Board of VFMC wishes to express its deep appreciation...Read More
VFMC are thrilled and proud to be featured by the Principles for Responsible Investment (PRI) as a case study highlighting our commitment to align our Clients’ investments with the goal of achieving a net zero future. The case study focuses on VFMC’s targeted active engagement with investee companies in their decarbonisation efforts. This serves as...Read More
For the second consecutive year, Victorian Funds Management Corporation (VFMC) has been ranked number one as part of the OMFIF ranking of sovereign funds globally for gender equality. With a mostly female executive team and gender balance across the organisation, VFMC leads the way among pension and sovereign funds in the GBI. Within the report,...Read More
Chief executive of one of Australia’s largest investment managers, Kate Galvin is helping spearhead greater gender equity, diversity, and inclusion in the investment management industry. Andrew McKean writes. Victorian Funds Management Corporation (VFMC) chief executive Kate Galvin takes pride in VFMC’s promotion of gender equity and diversity, and for setting a bold vision to be one of...Read More
Message from CEO Kate Galvin: On behalf of the Victorian Funds Management Corporation (VFMC), I am pleased to present our 2021-2022 Annual Report. This report provides an overview of VFMC’s investment performance for the past financial year, as well as progress against our Evolve24 strategy. Read the 2021-2022 VFMC Annual Report I am proud to...Read More
VFMC recently completed its Investment Risk Uplift Project to further elevate portfolio risk capabilities and support global best practice in investment risk management. A key project objective was better understanding, at a whole-of-portfolio level, how much risk was coming from VFMC’s Private Credit asset class, where better risk-adjusted returns could be found, and what this...Read More
VFMC welcomes the appointment of new Chief Operating Officer, Lucy Carr, and Chief Finance and Risk Officer, Paul Shanley. Ms Carr has been VFMC’s Chief Risk Officer since December 2019 and has more than 20 years’ experience in financial services across AXA, EY and Vanguard, where she led functions including human resources, enterprise risk management...Read More
VFMC is saddened by the recent passing of financial innovator and respected former VFMC Board Director, Jack Diamond. Mr Diamond served on the VFMC Board for six years between May 2006 and May 2012. His long and varied career across asset consulting and in multiple, impactful roles in the super, funds management and banking industries,...Read More
The Victorian Funds Management Corporation (VFMC) has announced the appointment of former Chief Executive Officer, Ms Lisa Gray to the Board of VFMC effective 1 January 2022. In her almost six-year tenure as CEO, Ms Gray successfully led VFMC through an exciting period of evolutionary transformation, including overseeing a significant uplift in digital and technology, data and analytics and people and leadership. Ms Gray retired from executive life in September...Read More
In April 2021, VFMC announced that Chief Executive Officer, Ms Lisa Gray, would be retiring from her executive career on 30 September 2021. After nearly six years at VFMC, Lisa advised it was time to extend her business and leadership contribution to a broad portfolio of directorship and advisory interests. In announcing Lisa’s retirement, Mr...Read More
