Future Fund makes two new appointments

Treasurer Jim Chalmers has appointed two new members of the Future Fund Board of Guardians for five-year terms.

Fiona Trafford-Walker commenced her term on May 12, and Adam Tindall will also join following the conclusion of Deborah Ralston's term in September 2026.

"These highly qualified appointees will ensure our sovereign wealth fund can continue its strong record of returns for the Australian people," Chalmers said.

Trafford-Walker is a highly experienced investment professional with over 30 years in institutional financial asset consulting and provision of institutional investment advice.

She has extensive experience in various leadership roles at Frontier Advisors.

Tindall has worked for over 35 years in the investment and real estate industries.

He has extensive global experience in portfolio, investment and asset management and corporate governance having held leadership and executive roles at AMP Capital, Macquarie Group and Lendlease.

"These appointments will complement the significant investment and corporate governance skills and experience on the board," Chalmers said.

"The government would like to take the opportunity to thank outgoing members, Patricia Cross and Deborah Ralston, for their significant contribution to the board over the past five years.

"During their tenure, the board oversaw the implementation of an updated Future Fund Investment Mandate focused on aligning the fund's investments with the nation's priorities, where it makes financial sense to do so."

In the year to 31 March 2026, following the introduction of the updated Investment Mandate, the fund made a return of over $28 billion, or 11.7%. This follows returns of 12.2% in 2024 and 8% in 2023.

The Future Fund also achieved a 10-year return of 8.6%, above the mandated target return of 7%.

"We look forward to the contribution that Trafford-Walker and Tindall will make to continuing this important work," Chalmers said.