Appendix | Future Fund

Funds under management at 31 December 2021

Medical Research Future Fund
‍
$22.3 BN

Aboriginal and Torres Strait Islander Land and Sea Future Fund

$2.2 BN

Future Drought Fund

$4.7 BN

Emergency Response Fund

$4.8 BN

Future Fund

$203.6 BN

DisabilityCare Australia Fund

$14.9 BN

Responsible Ministers
Name	Role	Term
Senator the Hon Simon Birmingham	Minister for Finance	30 October 2020 – current
The Hon Josh Frydenberg MP	Treasurer	24 August 2018 – current
The Hon Scott Morrison MP	Treasurer	21 September 2015 – 24 August 2018
Senator the Hon Mathias Cormann	Minister for Finance	18 September 2013 – 30 October 2020
The Hon Joe Hockey MP	Treasurer	18 September 2013 – 21 September 2015
The Hon Chris Bowen MP	Treasurer	27 June 2013 – 18 September 2013
Senator the Hon Penny Wong	Minister for Finance	14 September 2010 – 18 September 2013
The Hon Wayne Swan MP	Minister for Finance	3 September 2010 – 14 September 2010
The Hon Wayne Swan MP	Treasurer	3 December 2007 – 27 June 2013
The Hon Lindsay Tanner MP	Minister for Finance	3 December 2007 – 3 September 2010
Senator the Hon Nick Minchin	Minister for Finance	26 November 2001 – 3 December 2007
The Hon Peter Costello MP	Treasurer	11 March 1996 – 3 December 2007

Future Fund Board of Guardians at December 2021
Name	Role	Date of Appointment
The Hon Peter Costello AC	Chair	11 January 2014
The Hon Peter Costello AC	Member	18 December 2009
Ms Carolyn Kay	Member	14 April 2015
Mr John Poynton AO	Member	4 February 2014
Mr Michael Wachtel	Member	3 April 2016
Mr John Fraser	Member	12 November 2018
Mrs Patricia Cross	Member	11 May 2021
Dr Deborah Ralston	Member	15 September 2021

Past Chairs of the Board of Guardians
Name	Role	Term
Mr David Gonski AC	Chair	3 April 2012 – 11 January 2014
Mr David Murray AO	Chair	3 April 2006 – 2 April 2012

Past Members of the Board of Guardians
Name	Role	Term
Ms Erin Flaherty	Member	3 April 2016 – 2 April 2021
Dr Jane Wilson	Member	14 April 2015 – 13 April 2021
Mr Robert Priestley	Member	7 November 2017 – 19 June 2018
Mr Steven Harker	Member	3 April 2012 – 2 April 2017
Ms Carol Austin	Member	3 April 2011 – 2 April 2016
Mr Stephen Fitzgerald	Member	3 April 2011 – 2 April 2016
Ms Susan Doyle	Member	3 April 2006 – 2 April 2015
Dr John Mulcahy	Member	3 April 2006 – 2 April 2015
Mr Brian Watson	Member	3 April 2006 – 2 April 2012
Mr Jeffrey Browne	Member	3 April 2006 – 2 April 2011
Mr Trevor Rowe AO	Member	3 April 2006 – 2 April 2011
Mr John Paterson	Member	18 December 2006 – 17 December 2009
Mr Robert Elstone	Member	3 April 2006 – 6 July 2006

Future Fund Management Agency General Managers and Chief Executive Officers
Name	Role	Term
Dr Raphael Arndt	Chief Executive Officer	1 July 2020 – current
Mr Cameron Price	Acting Chief Executive Officer	2 March 2020 – 30 June 2020
Mr David Neal	Managing Director / Chief Executive Officer	4 August 2014 – 28 February 2020
Mr Paul Mann	Acting Managing Director	1 March 2014 – 3 August 2014
Mr Mark Burgess	General Manager	1 July 2011 – 28 February 2014
Mr David Neal	Acting General Manager	22 November 2010 – 1 July 2011
Mr Paul Costello	General Manager	13 November 2006 – 13 December 2010

Future Fund Management Agency Chief Investment Officers
Name	Role	Term
Ms Sue Brake	Chief Investment Officer	2 December 2020 – current
Ms Sue Brake	Acting Chief Investment Officer	1 July 2020 – 2 December 2020
Dr Raphael Arndt	Chief Investment Officer	1 September 2014 – 30 June 2020
Mr David Neal	Chief Investment Officer	16 July 2007 – 3 August 2014

“Teamwork was a key cultural value that was emphasised at the Flowerdale offsite.

Despite the substantial growth over the past 15 years, the teamwork value has always been an important part of our journey.

We work collaboratively between business units, we share new ideas and were encouraged to debate openly without prejudice irrespective of background or experience from the very beginning.”

Venessa Lim

Senior Investment Accountant