CEO of Australia’s US$255 billion sovereign wealth fund quits
[SYDNEY] Australia has embarked on a global search to fill one of its highest-profile investment roles after the longtime head of its...
Australia's sovereign wealth fund, the Future Fund, is seeking a new chief executive officer to replace Raphael Arndt, who is stepping down at the end of 2026 after six years in the role and nearly two decades at the fund. Arndt, who previously served as chief investment officer for six years, plans to return to the private sector.
The Future Fund's chair, Greg Combet, confirmed that the search for a new CEO is well advanced and will be conducted globally, requiring an Australian citizen with the right skills and values. Arndt's departure follows a series of senior exits at the fund, including Chief Investment Officer Ben Samild, who moved to the Abu Dhabi Investment Council last year.
The fund, which has a $255 billion portfolio, returned 14.8% in the year to June, largely due to active equity, private-market and hedge-fund investments. The Future Fund has outperformed many global peers over the long term, with an average annual return of 9% over the past decade.
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