Cath Bowtell to exchange Greg Combet as chair of worldwide funds supervisor IFM

Cath Bowtell has been named chair of business tremendous fund-owned international funds supervisor, IFM Traders, changing Greg Combet within the function.

Former Australian Finance Minister Lindsay Tanner has additionally been named as an unbiased director on the IFM board.

Ms Bowtell was beforehand deputy chair of IFM, and has served on its board since 2019.

She has served as chair of the IFM Individuals and Remuneration Committee and a member of the IFM Board Audit and Threat Committee.

In addition to intensive expertise throughout the business superannuation sector, she holds plenty of directorships, together with as chair of the Royal Girls’s Hospital in Melbourne, Business Fund Providers Group and The New Day by day.

Ms Bowtell can be a director of the Melbourne Arts Precinct Company and Business Tremendous Australia, and has beforehand held the roles of chief government of the Australian Authorities Staff Superannuation Belief (AGEST) and director at AustralianSuper.

Mr Combet stated Ms Bowtell’s depth of expertise throughout the superannuation sector, alongside her life-long dedication to working individuals, means she has already made an amazing contribution to IFM.

“I look ahead to seeing that proceed together with her appointment as chair,” he stated.

Mr Combet earlier this month introduced he was vacating the IFM chair following his appointment by Prime Minister Anthony Albanese as full-time chair of the Internet Zero Economic system Company.

“I’m honoured to be appointed chair at such an vital time for IFM as we proceed to develop our international presence and work to ship for our homeowners and shoppers and the tens of millions of working individuals they characterize,” stated Ms Bowtell, who’s the primary lady to tackle the function.

She stated Mr Combet’s management of IFM – alongside together with his imaginative and prescient, integrity and sense of goal – was integral to the organisation’s success over the previous decade.

Mr Tanner served because the federal Member for Melbourne from 1993 to 2010 and was Minister for Finance and Deregulation from 2007 to 2010, throughout which era he had oversight of Australia’s sovereign wealth fund, the Future Fund.

He has intensive expertise in company governance and advising monetary and asset managers, together with as a particular adviser to international monetary advisory agency Lazard Australia for greater than 10 years.

Mr Tanner is a director of Suncorp Group and Virgin Australia Worldwide, a member of the Funding Advisory Committee of funding agency Six Park, and chair of AFL Victoria.

Ms Bowtell and Mr Tanner will start their new roles on July 1.

IFM Traders was established greater than 25 years in the past with the goal of defending and rising the long-term retirement financial savings of working individuals.

Owned by a bunch of Australian pension funds, the organisation has $217 billion beneath administration as at March 31, 2023.

As a signatory to The United Nations-supported Ideas for Accountable Funding, IFM says it “actively engages on ESG [environmental, social, and governance] points with the businesses through which it make investments with the goal of enhancing their web efficiency whereas minimising funding threat”.

IFM operates globally from places of work in Melbourne, Sydney, London, Berlin, Zurich, Amsterdam, New York, Hong Kong, Seoul and Tokyo.

The New Day by day is owned by Business Tremendous Holdings