BNP Paribas replaces Future Fund departee

BNP Paribas Securities Services (BNP PSS) has filled the co-head of operations vacancy created by Gordon Mackellar’s recent move to run operations at the Future Fund.

Darren Booth, who previously ran operations and IT at IOOF Investment Management, joined BNP PSS on April 16. He will work alongside Sue Jorgensen and report to Asia-Pacific managing director, Jean-Marc Pasquet.

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New Future Fund CIO eyes shifting dynamics in emerging markets

The Future Fund delivered a 14.8 per cent one-year return to June 30, 2026, attributing the return to a combination of exposure to commodities, geographic diversification, an increased focus on active management and low exposure to bonds. Newly minted chief investment officer Richard Brandweiner also highlighted strong performance in emerging markets.  

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