Former managing director and chair of Franklin Templeton Investments Australia, Maria Wilton, is joining the board of Victorian Funds Management Corporation.
VFMC chair James MacKenzie announced the appointment yesterday and said Wilton would deepen "the strong commercial and public sector experience of the board."
"In particular, Wilton brings contemporary investment management expertise and insight," MacKenzie said.
In July 2017, Wilton announced she would step down from her role at Franklin Templeton after 11 years. Her last day will be January 15, and will remain an adviser to the business. In October, Franklin Templeton announced Matthew Harrison as its new managing director for Australia to replace Wilton.
VFMC manages more than $60 billion in investments for Victorian public authorities. Clients include Emergency Services and State Super (ESS Super), WorkSafe Victoria, Transport Accident Commission, and the Victorian Managed Insurance Authority.
Wilton has a 30-year history in the investment industry with leadership experience in asset management and superannuation.
In her prior role at Franklin Templeton she was responsible for the Australian and New Zealand businesses. She has also held senior roles at Rothschild Australia and County Investment Management where she was a diversified fund and fixed income portfolio manager. Prior to working in asset management, Wilton was in economic research for the Commonwealth Treasury.
VFMC added Wilton is deputy chair of Infrastructure Victoria; chair of the Industry Advisory Board at the Australian Centre of Financial Studies; a member of the Chartered Financial Analyst (CFA) Advocacy Council; and is national chair of the CFA Society Diversity Committee.
Previously she was a director of various public authorities including ESS Super, Melbourne Water, Victoria Legal Aid and the Transport Accident Commission.
In March 2017, VFMC appointed a new chief investment officer and a new chief operating officer. The story featured in Financial Standard's most-read stories of 2017.