The $60 billion Future Fund will appoint a manager of responsible investment, as it seeks to more actively manage its voting rights.

The Fund began advertising yesterday for the role, which will report to chief executive of the Future Fund Management Agency, Paul Costello, with a dotted line through to chief investment officer David Neal.

The Fund has to date delegated voting responsibilities to its external funds managers (with the exception of its Telstra shares), because the process of appointing the managers includes a check that their principals are broadly consistent with the Fund’s own.

The manager of responsible investment will more actively co-ordinate the Fund’s position, with responsibility for developing an overarching responsible investment framework, managing voting rights and guiding the Fund’s approach to environmental, social and governance matters relating to investee companies.

A spokesperson said the Fund was unlikely to build a large internal team advising on ESG matters, consistent with Paul Costello’s policy not to replicate a service already available in the open marketplace.

The Fund also continues to seek a head of information technology.

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