Meet our Executive Leadership Team

Our Executive Leadership Team brings diverse investment, financial and business leadership to VFMC. VFMC’s executive team is led by Lisa Gray and has equal gender representation, reflecting our strong commitment to workplace diversity.

Lisa Gray

Chief Executive Officer (CEO)

Lisa joined VFMC as CEO in February 2016.

Her career spans over 25 years predominantly in financial services having held various executive roles at NAB, MLC and Axa. She is an exceptional business leader capable of delivering outstanding commercial outcomes.

Lisa’s signature strength is strategic execution achieved by blending the power of communication with a unifying purpose to create self-sustaining organisations. She brings a unique combination of applying data insights, analytics and strategic intuition to make courageous, transformational decisions that deliver strong commercial results.

Lisa is a winner of the Telstra Business Women’s Award for medium-sized enterprises and prestigious Rupert Murdoch Fellowship for Leadership and Management.

Lisa holds a Bachelor of Town & Regional Planning with Honours (University of Melbourne), Graduate Diploma in Management (RMIT), MBA (University of Melbourne / Columbia University) and AMP (INSEAD).

Russell Clarke

Chief Investment Officer

Russell joined VFMC in May 2017 as Chief Investment Officer (CIO) where he is responsible for overseeing the management of more than $60bn on behalf of a number of Victorian public authorities.

Russell joined VFMC from Mercer where he was the Global CIO (Mainstream Assets) since 2011 and CIO (Pacific) since 2003. This role saw him overseeing all discretionary equity, listed property, fixed income and multi-asset portfolios worldwide and was specifically responsible on a day-to-day basis for all portfolios based in the Pacific region. Russell also chaired the Mainstream Assets Global Investment Committee and Global Strategic Research Committees. Prior to this, he spent six years in Mercer Australia as an investment consultant and head of Investment Research.

Russell also gained eight years of investment and financial services experience working as manager of the investment research function for one of Australia’s largest superannuation funds, UniSuper, and as head of Investment Performance Analytics for a major fund manager.

Russell holds a bachelor of economics from Macquarie University. He is a fellow of the Institute of Actuaries of Australia and a senior associate of the Financial Services Institute of Australasia, and has lectured and tutored in investment subjects for both organisations.

Sally Collins

Chief Operating Officer

Sally joined VFMC as Chief Operating Officer (COO) in May 2017 with more than 20 years experience in financial services with NAB, CBA and AXA.

Her more recent roles have been as General Manager Business Management/COO for both MLC’s Wealth business and NAB’s Business Bank.

Sally brings to VFMC deep operations and services experience across investment operations, business performance, risk management and transformation. Her recent focus has been leading multiple functions to deliver improvements across customer experience, investment processes, first line risk management, data and analytics, and technology enabled transformation.

Sally holds a Bachelor’s degree and Graduate Diploma in Psychology and a Diploma in Financial Planning. She is a member of the Australian Institute of Company Directors and a non-executive director of Autism Awareness Australia. She is also a published author.

Geoff Diamond

Head of Client Services

Geoff joined VFMC in September 2013 having previously been Principal, Head of Institutional at Vanguard Investments Australia Ltd. In this role he was responsible for the development and implementation of Vanguard’s Australian institutional business strategy, and a member of the Australian executive team.

Geoff has over 20 years experience in asset management sales and client relationship management. Prior to joining Vanguard in 1997, he held senior FX trading roles for several major banks and gained experience in both local and offshore markets.

Geoff holds a Senior Associate (SA Fin), FINSIA 2002.

Andrew Elliott

Deputy Chief Investment Officer

Andrew joined VFMC in April 2007 from Deutsche Asset Management (Australia) Limited (RREEF Infrastructure) where he was a Director in infrastructure funds management. He has over 20 years’ experience in asset management and legal roles.

He jointly lead the VFMC Private Markets team covering unlisted infrastructure, property and private equity prior to becoming Deputy CIO in 2008 and continues to oversee unlisted investments as part of his current role. He has extensive experience in unlisted investments including deal origination, review, execution and ongoing portfolio management.

He formerly sat on the boards of Epic Energy, Yallourn Energy, Australia Pacific Airports Corporation and Port of Geelong. Andrew holds a Bachelor of Laws (hons) and a Bachelor of Commerce from the University of Melbourne.

Bryony Hayes

Chief Risk Officer

Bryony joined VFMC in October 2013 as Chief Risk Officer. Prior to this Bryony spent five years at Hastings Funds Management as Head of Risk and Compliance, covering both listed and unlisted infrastructure funds.

Bryony also spent 6 years at Capital Group in London in various compliance and operational roles. Prior to this she had legal roles both in law firms and at the Victorian Court of Appeal and Supreme Court of Victoria.

Bryony holds a BA LLB (Hons) from La Trobe University.

Helen Newall

HR Director

Helen Newall was appointed HR Director, VFMC in December 2012. Prior to Helen’s appointment at VFMC she held several senior executive roles in a number of ASX listed companies including AMP Limited, AXA Asia Pacific Holdings, Cap Gemini Ernst & Young and professional services with Ernst & Young Consulting and Corrs Chambers Westgarth.

Helen’s career has been shaped by delivering exceptional business results through the creation of value, capacity building, mentoring and coaching of senior executives and the direct impact she has on people and business.

Helen holds a Masters of Strategic Human Resource Management from Deakin University.

VFMC news

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VFMC Announces New Director

The Chairman of Victorian Funds Management Corporation (VFMC), Mr James MacKenzie, is pleased to...

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Chief Investment Officer Russell Clarke’s interview with Investment Magazine

VFMC’s Russell Clarke: Centred and whole In the 12 months that Russell Clarke has...

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Close up of stock exchange screen

VFMC Announces New Director

The Chairman of Victorian Funds Management Corporation (VFMC), Mr James MacKenzie, is pleased to...

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Close up of stock exchange screen

Victorian Funds Management Corporation Announce CIO and COO

Lisa Gray, CEO of Victorian Funds Management Corporation (VFMC), today announced the appointment of...

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