Board

VFMC has an independent Board of Directors whose members are appointed by the Governor in Council. The Treasurer appoints the Chairman and Deputy Chairman. The role and responsibilities of the Board of Directors is set out in the Board Charter. The Board's role is to provide overall strategic guidance and effective oversight of management. In performing this role, the Board is responsible for strategic planning, the annual budget, investment policy, risk management procedures, compliance controls and the effective monitoring of client mandates and management.

To affect the efficient performance of these duties the Board is assisted by the Audit, Risk and Compliance Committee and the Nomination Remuneration Committee.

	Mr John Fraser Chairman – Appointed June 2009 John Fraser has been Chairman and CEO of UBS Global Asset Management since December 2001. UBS Global Asset Management is one of the four business divisions of UBS – the others being Wealth Management & Swiss Bank, Wealth Management Americas and the Investment Bank. He is also a member of the UBS Group Executive Board and Chairman of UBS Saudi Arabia. Prior to joining UBS and its predecessor organisations in 1993, John served for over 20 years with the Australian Treasury including appointment as Deputy Secretary (Economic) from 1990-1993 and postings at the International Monetary Fund (1978-80) and as Minister (Economic) at the Australian Embassy in Washington DC (1985-88). read more			Mr Ian Court Chairman Nomination Remuneration Committee Director – Appointed May 2006 Mr Court has extensive experience in the funds management and superannuation sectors including both senior executive and non-executive roles. Key full time executive positions previously held include CEO of Development Australia Fund Management Ltd and Executive Chair of CBus with responsibility for the investment portfolio. read more
	Mr Jack Diamond Director – Appointed May 2006 Mr Diamond has over 20 years experience in the funds management industry. He is an independent director of V-Line Corporation, Industry Funds Services Pty Ltd and its associated companies, IFI Pty Ltd (AUSFUND), and SMI Pty Ltd and Managing Director of Diamond Consulting (Vic) Pty Ltd. Previous directorships include four Ansett Airline Superannuation Funds, Super Member Home Loans, Government Superannuation Office (GSO) and Emergency Services Superannuation Scheme and Viento Group Limited.			Mr Alan Hawkes Director – Appointed July 2004. Chairman of Audit, Risk & Compliance Committee. Appointed August 2006 Mr Hawkes has a background in strategic planning, risk management and control and corporate governance in the private and public sectors. He has held executive positions in the Commercial Division of the Department of Treasury and Finance where his responsibilities were the implementation of government policy and governance practices of the State's Government Business Enterprises including its financial institutions. read more
	Mr Grant Hehir Director Appointed October 2009 Grant has extensive experience in strategic financial management and the provision of fiscal, economic social policy advice to both the Victorian and Commonwealth governments. Grant was appointed as Secretary of the Victorian Department of Treasurey and Finance ( DTF) in June 2006. As Secretary he leads the department in providing economic, financial and resource allocation policy advice to government . read more			Mrs Catherine Walter AM, LLB (Hons), LLM, MBA Director Appointed August 2009 Mrs Walter is a Solicitor and Company Director. She practised law for 20 years and was Managing Partner of one of the major law firms in Melbourne and thereafter a Commissioner for the City of Melbourne. Mrs Walter has chaired and participated in government think tanks in the areas of education, the Arts and corporate and financial regulation. For nearly 20 years she has been a non-executive director on Boards spanning the private sector, not-for-profit and government sectors and across a range of industries: resources and energy, funds management, banking, insurance, superannuation, telecoms, education, the Arts and health services. read more
	Ms Alice Williams Director – Appointed November 2011. Ms Williams has over 25 years senior management and Board level experience in the corporate and government sectors specialising in investment management, corporate advisory and equity fundraising. Ms Williams was formerly a Director of NM Rothschild and Sons (Australia) Limited, Director of Strategy and Planning for Ansett Australia Holdings Limited and a Vice President at JP Morgan Australia. Ms Williams has also held management positions with Elders Finance Group, Hong Kong Bank of Australia Limited and Citibank NA in London. read more