The Future Fund has appointed Paul Mann, a former manager of fund services at National Custodian Services (NCS), as chief financial officer, while a chief operating officer has also been appointed.
Mann was most recently an accounting executive at GE Money, prior to which he spent several years at NCS overseeing its backoffice outsourcing operations, with responsibility for distribution calculations and preparation of financial statements for clients. Before that he was an auditor at PricewaterhouseCoopers with a specialty in managed funds. Chief executive of the Future Fund management agency, Paul Costello, would not comment on the chief financial officer appointment. An announcement of a chief operating officer appointment is understood to be imminent.
The brunt of losses from the LA wildfires are expected to be borne by primary insurers and high-risk reinsurance programs, but super funds are nevertheless closely monitoring the possible impact of the fires on catastrophe bond and insurance-linked securities exposures.
Simon HoyleJanuary 17, 2025
