Victoria Funds Management takes up Slack for key role
FormerPortfolio Partnersmanaging director David Slack has been appointed by Victoria Funds Management Company (VFMC) as head of the $20 billion group’s investment committee.
Slack has been a director of VFMC since June, but he only recently assumed his new investment role in late November from VFMC chairman Robert Officer, who had acted in the role since incumbent Clive Batrouney’s departure earlier in the year.
Batrouney stepped down as head of VFMC’s investment committee in June to become chairman ofTelstra Superannuation Fund, Australia’s largest corporate fund with assets of around $6.9 billion and 73,000 members.
Jeff Rogers, head of investments for the Melbourne-based group, says the role of the investment committee, which is comprised of the VFMC board, is to provide strategic direction to the group’s investment activities.
The board has four other members besides Slack and Officer. They are Carolyn Kay (deputy chairman), Sandra Andersen (director), Erica Lane (director) and Stephen Taylor, who is an executive director and also chief executive officer of VFMC.
Slack previously worked for County Investment Management before leaving to co-found funds management group Portfolio Partners along with former County colleague Keith Ince back in 1994.
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