The chief executive of IFM Investors, Brett Himbury, is to retire from his executive roles from December 2020 after 10 years, with a global search for his successor beginning ‘shortly’.
IFM manages $148 billion from industry super funds, pension funds and aligned investors in Australia and overseas.
Himbury joined the firm in 2010 from Tyndall Investment Management where he was managing director.
Until his departure, he would work closely with the IFM Investors team and board to facilitate a smooth transition while a search for a replacement would begin ‘shortly’, the firm said.
Himbury said: “I look forward to my next era as a non-executive and to contributing to a small range of organisations in board and advisory roles.
“It has been a privilege to lead one of the best-performing businesses in the highly-competitive world of global funds management.”
Greg Combet, chair of the IFS board, said: “The board is grateful for the role Brett has played over ten remarkable years and we are enthusiastic about the opportunities ahead given the competitive position we now enjoy”.
As well as his role at IFS, Himbury sat on the board of the European Australian Business Council and was co-chair of the American Australian Business Council.