CitiStreet’s global chairman and CEO Phil Lussier has been named chairman of the board of the member administrator’s Australian business.
Lussier is expected to make several visits to Australia over the coming year. CitiStreet Australia CEO Stuart Korchinski said Lussier’s appointment reinforced Australia’s strategic importance. “With Phil taking over as chairman of CitiStreet Australia, we will be even better positioned to successfully execute our strategy of applying our global expertise to help large industry funds and corporate and retail master trust clients grow their businesses,” Korchinski said.
Future Fund chief investment officer Ben Samild said that FY24 has been a great year for alpha creation, thanks to strong returns in equities and, unusually, across multiple hedge fund strategies all at the same time. He reflected the past few years have been “a difficult time to be an asset owner and to generate positive returns for risk assets” but the Future Fund is tracking well of its long-term mandate.
Simon Hoyle and Darcy SongSeptember 4, 2024
