VFMC New Chief Executive Officer pending Lisa Gray’s Retirement

VFMC > From the CEO > VFMC New Chief Executive Officer pending Lisa Gray’s Retirement

In April 2021, VFMC announced that Chief Executive Officer, Ms Lisa Gray, would be retiring from her executive career on 30 September 2021.  After nearly six years at VFMC, Lisa advised it was time to extend her business and leadership contribution to a broad portfolio of directorship and advisory interests.

In announcing Lisa’s retirement, Mr James MacKenzie, Chair, said “Lisa has been an outstanding leader of VFMC and leaves the organisation in a significantly better place, well positioned for a challenging and exciting future.  The Board and I thank Lisa for her courage, challenge, optimism and empathetic leadership.”

After an extensive search, VFMC is delighted to announce Ms Kate Galvin as the next CEO.

Over the last 18 years, Kate has led businesses in global and Australian companies in advice, asset management, and private, corporate and business banking. Most recently she was responsible for NAB’s Health business, leading a national team of corporate and business bankers, in collaboration with the Medfin and HICAPs brands, providing banking and financial services to the health sector.  Prior to that, Kate led NAB Private (Vic, SA, WA) providing banking and private wealth services to HNW clients.

Prior to joining NAB, Kate held the roles of Managing Director/Head of Advice at JBWere and Executive Director, Investment Services at Goldman Sachs/JBWere.

“The Board and I are delighted that Kate will be joining VFMC to lead the team, building on the strong foundations established in recent years”, said Ms Lisa Gay, Acting Chair.  “Her extensive asset management, banking, wealth management, markets, and legal expertise will enable VFMC to continue with its strong momentum.”

Kate will commence as CEO on 11 October.  In the interim, Russell Clarke (CIO) will be Acting CEO from 1 – 10 October 2021.


For more information please contact:


Victorian Funds Management Corporation

Sarah Dunn

Head of Client and Market Development

+61 3 9207 2900

[email protected]

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