Future Fund Gets a New Deputy CIO

Sue Brake

In line with its restructuring plans, the Australian Future Fund has hired another deputy chief investment officer.

Sue Brake will control the fund’s portfolio strategy functions, which marries macroeconomic and capital markets research with information from the A$147 billion ($103 billion) fund’s sector-based analysts.  

Brake, who is exiting her senior consultant job with Willis Towers Watson, will join the fund in June after three years at the agency. She also worked at the New Zealand Superannuation Fund for seven years, specializing in its long-term investment strategy—something Australia’s sovereign wealth fund is all about.

Brake has also been an outside adviser on investment management for the International Monetary Fund.

Raphael Arndt, the Melbourne-based organization’s chief information officer, said Brake’s “extensive experience in institutional investing” will make a “strong contribution” to the its investment leadership group. He also praised her governance, investment process design, portfolio construction, and currency and derivative program management skills.

Last year, the fund created new roles for its investment division, and moved around some of its hierarchy. The fund recently added Alicia Gregory as the head of its private equity department, filling one of the new vacancies.

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