Report from
the SLT
Future Fund Head of Listed Equities and Head of the Sydney office, Genevieve Murray, provides a Senior Leadership Team perspective of the organisation and investment markets over the past 12 months.
I’m Genevieve Murray. I'm the head of Listed Equities and the head of the Sydney office here at the Future Fund.
If I was asked to summarise the year for the agency from the perspective of a senior leadership team member, I think it would be fair to say it felt a little bit like, the final chapter in a book. We were finishing our three year business plan. It was also our Chair's final year. But then you fast forward to the start of this calendar year and here we were writing the next book in our series. We were welcoming our new Chair. We were finalising our FY27 business strategy.
As well as welcoming our new Chair, we also welcome three new Board members. We substantially grew our investment team and board agency, and importantly and close to my heart, we also grew our Sydney office.
If I was to describe the markets over the last 12 months with one word, I think I'd choose the word resilient. If we look at all the changes that happened in the last 12 months, we had tensions in the Middle East. We had heightened geopolitical concerns. We also had the year of elections. We had continued inflationary pressures and finally technological disruption.
Using the framework in the new investment order and how these permeate through, we had changes at the world order. We had changes at the macroeconomic order. We had changes at the policy order. And so finally to think that the market order is where it is today, the only word I can use to describe that is resilient.
Within listed equities we've done a lot of work under our new investment order. We've focused on Japan over the last 12 months and also focused on adding levers that really can help us, protect and insulate our portfolio under the new investment order. I think we often think about the new investment order and its implications it has on investment markets, and I think it's really important, for us to think about the implications of disruption, to think about the implications of decarbonisation, of heightened geopolitical risk for how we as an agency function. And I'm so excited to have our Chair here in our Sydney office and to be able to work alongside him in terms of looking at this over the next three years.