Former NSW Premier Mike Baird has been appointed chair of the Australian Business Growth Fund (BGF).
Announced by Treasurer Josh Frydenberg, the appointment followed the decision by the inaugural chair, Will Hodgman, to step down from the role.
In 2014, Baird became Premier following the resignation of Barry O’Farrell and was replaced in 2017 by Gladys Berejiklian after he resigned as Premier and member for Manly.
After leaving politics, Baird took on the role of chief customer officer, corporate and institutional banking at NAB.
The $540 million BGF provided patient equity funding to growing small and medium sized businesses, ensuring they had the access to the capital they needed to grow.
The Commonwealth Government was a shareholder in the fund alongside ANZ, the Commonwealth Bank, the National Australia Bank, Westpac, HSBC and Macquarie.
