Future Fund Chief Investment Strategist to depart

The Future Fund has announced changes to its organisational structure which will see the departure of chief investment strategist, Stephen Gilmore, effective April 2018.

Gilmore joined the Future Fund in 2009 and was appointed to his most recent role in September 2014, having been head of strategy since 2010. Previously, he worked in senior strategy roles in London and Hong Kong with AIG Financial Products and Morgan Stanley.

Replacing him at the Future Fund is chief investment officer Raphael Arndt, who will take on Gilmore's responsibilities in addition to his current role.

Other changes to the investment team include the appointment of Wendy Norris, formerly head of infrastructure & timberland, as deputy CIO, private markets; the appointment of former head of debt and alternatives, David George, as deputy CIO, public markets; and general counsel, Cameron Price, being given additional responsibilities as chief risk officer.

Commenting on Gilmore's departure, CEO, David Neal, said: "Stephen Gilmore has made an outstanding contribution to the organisation since he joined in 2009. His investment insights and leadership of the investment strategy team and of the organisation as a whole have been enormously important to our success. I thank him for the investment value he has created and the culture that he has helped build and I wish him well for his next challenge."

Gilmore added: "It has been a privilege to work at the Future Fund as part of an outstanding team. I am immensely proud of what we have achieved and confident that the organisation is well-placed to navigate the next stage in its growth."

Gilmore will stay on to support the transition to the new structure before leaving at the end of April.