VFMC appoints new CEO from NAB Health

The $70 billion Victorian Funds Management Corporation has announced that Kate Galvin will replace outgoing chief executive officer Lisa Gray when she retires from her executive career on 30 September 2021.

Galvin will join VFMC from NAB where she was most recently executive for NAB Health, leading a national team providing banking and financial services to the health sector.

"The board and I are delighted that Kate will be joining VFMC to lead the team, building on the strong foundations established in recent years", VFMC acting chair, Lisa Gay, said.

"Her extensive asset management, banking, wealth management, markets, and legal expertise will enable VFMC to continue with its strong momentum."

Galvin has also previously led NAB Private (Vic, SA, WA) and was managing director and head of advice at JBWere.