| Australia’s sovereign wealth fund has promoted an internal candidate to lead its growing infrastructure and timberland portfolio. Wendy Norris, who joined the Future Fund in 2010, has replaced Raphael Arndt at the helm of the $8 billion portfolio, the institution has announced. Arndt was promoted to CIO in September last year.
“[Wendy] combines infrastructure portfolio management, asset management and transaction expertise with the ability to contribute to investment thinking across all asset classes,” said Arndt, who was tasked with creating an infrastructure portfolio when the fund was launched in 2008. He also thanked Barry Brakey, the fund’s head of property, who had been looking after that section of the portfolio while a replacement was found...............................................Full Article: Source
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