Future Fund names new chief

The chair of the Future Fund Board of Guardians Greg Combet has announced the appointment of Richard Brandweiner as chief executive Officer of the Future Fund.

The appointment follows Raphael Arndt's decision to return to the private sector after almost 20 years with the Future Fund, including more than six years as chief executive.

Brandweiner is the current chief investment officer of the Future Fund.

Brandweiner has spent more than 30 years working across all asset classes in the investment management industry.

Prior to joining the Future Fund, he held positions as chief executive of Pendal Australia (formerly BT), chief investment officer of First State Super (now Aware Super) and group executive at Perpetual Investments.

In recent years, Richard has served on a number of boards and investment committees across listed companies, family offices, government agencies and not-for-profits.

"Richard is an outstanding leader with deep experience in leading investment institutions and a strong understanding of the environment in which long-term investors operate," Combet said.

"His experience and leadership will be important as the Future Fund continues to invest its portfolio of over $350 billion for the benefit of future generations of Australians.

'On behalf of the board I would like to express our deep appreciation to our outgoing chief executive, Raphael Arndt, for his exceptional service to the Future Fund. We wish him every success for the future."

Arndt said he was "delighted" by the appointment of Brandweiner to the chief executive position.

"He is a wonderful leader, and his experience and judgement will position the Future Fund strongly for the years ahead," Arndt said.

Brandweiner will commence as chief on 1 January 2027. In the interim, he remains in his position as chief investment officer.

"I am privileged to have the opportunity to lead the Future Fund," Brandweiner said.

"The organisation has strong foundations and a depth of talent. I look forward to working with the board and the Future Fund team to continue delivering long-term investment returns in a rapidly changing investment environment."

The recruitment process for a new chief investment officer will commence in due course.

Arndt continues as chief executive until the end of 2026 to support a smooth transition of responsibilities.

The appointment follows a comprehensive search process conducted in accordance with Australian Public Service requirements, Future Fund said.