CANBERRA, March 13 Businessman and ASX
Group chairman David Gonski was appointed chairman of
the Australian government's sovereign wealth fund, replacing
David Murray who is retiring, Treasurer Wayne Swan said on
Gonski will take over as chairman of the Future Fund, which
has more than A$90 billion of assets under management, for a
five-year term from April 3.
Gonski is also a director of Singapore Airlines Ltd
The treasurer also appointed Morgan Stanley Australia chief
executive Steven Harker to the Future Fund's board of guardians
for a five-year term.
"These appointments will bring a unique combination of
experience and strategic insight across business, corporate
governance and investment markets, and will position the Board
well for the opportunities and challenges ahead," Swan said in a
Swan said Gonski has indicated he will step down from the
board and as chairman of the ASX group by June 30. His position
in the Singapore airlines board will end in July.
The Future Fund was set up in 2006 to meet the government's
public service pension liabilities.