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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, People

Former treasurer Peter Costello to head Future Fund

Posted on 19 December 2013

The Abbott government is likely to appoint Peter Costello as the permanent chairman of the Future Fund early in the new year. Costello, who was Australia’s longest serving treasurer and established the $90 billion sovereign wealth fund in 2006, was appointed acting chairman of the fund on Wednesday following the departure of David Gonski. The position was described as temporary, but it is understood that is not the intention.
Treasurer Joe Hockey and Finance Minister Mathias Cormann appointed Mr Costello for a “period of three months or until a permanent chairman is appointed”………………………………………..Full Article: Source


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