Future Fund’s CEO search could prompt asset reappraisal
A period of looming inertia as the sovereign wealth fund seeks a new leader could raise pressure on the government to draw down on some of its assets.
Australia’s Future Fund should weather the surprise departure of chief executive David Neal due to the processes he installed, but the pending change in leadership may prompt a debate about when it is appropriate for Canberra to draw down on some of the fund’s assets.
On February 4 the Future Fund made the surprise announcement that Neal was leaving at the end of February to join Australian superannuation funds manager IFM Investors. He will replace its CEO Brett Himbury, who plan…
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