IFM Investors’ has appointed Future Fund chief executive David Neal as its new CEO, replacing Brett Himbury.
The Australian global fund manager’s chair, Greg Combet, said Neal was equipped to steer the firm through its next chapter of global growth.
“I am so pleased we have secured the services of Neal – he is a superb leader and an investment professional with a highly successful record. David will continue the global evolution of IFM Investors consistent with our purpose – to deliver strong net returns to the millions of members of our super fund, pension fund and institutional investors,” Combet said.
“We have an ambitious agenda going forward - to maintain strong investment performance across our asset classes and products, continue to grow and evolve as an organisation, and to be leaders in responsible investment.
“The industry super funds movement has now clearly reached a scale where we can attract the very best corporate leaders in the world.”
Neal joined the Future Fund in 2007 as its chief investment officer and was appointed CEO in 2014. Prior to this Neal spent 15 years at Watson Wyatt Worldwide.
He is currently a director of Perth Airport, FCLT Global, and a member of the MSCI Advisory Council and the Australian Securities and Investments Commission External Advisory Committee.
“The board, staff and clients of IFM Investors thank Brett Himbury for 10 years of extraordinary stewardship. Millions of workers in Australia and tens of millions globally will have a demonstrably improved retirement thanks to Brett’s strong leadership,” Combet said.
Neal’s start date is yet to be confirmed as is Himbury’s retirement date.