Meet our investment specialists

Our Investment Leadership Team comprises specialists in strategy, portfolio management, equities, infrastructure, fixed interest and property.

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 $60b 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.

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.

Paul Murray

Head of Portfolio Management

Paul joined VFMC in July 2004 and is responsible for delivering investment success for clients from a whole of portfolio perspective, encompassing capabilities such as overall asset mix, investment risk, implementation and ESG. Prior to assuming his current role in 2017, he was Head of Debt and Absolute Returns, responsible for internal and external management across VFMC’s fixed interest and alternatives portfolios, including investments in fixed income, inflation linked bonds, public and private markets credit, hedge funds and insurance-linked strategies.

Prior to joining VFMC, Paul’s career history spanned the Reserve Bank of Australia, Macquarie Bank, Bankers Trust and Macquarie Funds Management across a broad range of financial services and investment roles.

Paul holds a Bachelor of Commerce (Hons) degree from the University of Melbourne, Diploma of Applied Finance (Securities Institute of Australia), MBA from Melbourne Business School and in 2015 successfully completed the Folio Community Leadership Program with Leadership Victoria.

Peter Osborne

Head of Strategy

Peter joined VFMC in May 2009 to oversee the Strategy team.

He was previously Chief Australian Economist & Senior Director, Merrill Lynch Australia. In this role Peter was responsible for economic and financial market research and forecasting for the Australian Economy.

Prior to this he was Head of Economics & Investment Research at INVESCO Australia for five years with previous roles including senior economist and research roles with leading investment banks.

Peter has over 25 years experience in economic and investment market analysis.

Kent Sutherland

Head of Equities

Kent joined VFMC in June 2004. He has been working in the financial markets since 1992. Prior to VFMC, Kent worked in a range of investment roles across three continents, including positions in Australia, the United States, France, Luxembourg and the United Kingdom, where he gained broad exposure to a wide range of asset classes and financial instruments. Kent has Bachelors’ degrees in Science and Commerce from the University of Melbourne, an MBA from the Darden Business School and is a CFA charterholder.

Adrian Best

Head of Infrastructure

Adrian joined VFMC at the start of 2008 and was appointed Head of Infrastructure in early 2011 when the Infrastructure Team was created out of the Private Markets Team.

Adrian’s experience in Funds Management commenced in 1991 with PricewaterhouseCoopers in London and includes time with PricewaterhouseCoopers in Toronto and Melbourne, as an Associate Director with Macquarie’s Infrastructure and Specialised Funds group in Sydney, as an Investment Consultant with Hawkswood Investments in Melbourne and as Group Financial Controller at Multiemedia Investments in Melbourne.

Adrian completed a Master of Business Administration at the University of Melbourne Business School in 2003, a Bachelor of Accountancy at the University of Glasgow in 1991 and is also a CFA Charterholder, a Member of the Institute of Chartered Accountants of Scotland, and a Graduate of the Australian Institute of Company Directors.

Pete King

Head of Property

Pete joined VFMC in 2008 and has over 20 years experience in asset management, consulting and funds management.

His role as Head of Property involves the responsibility for and management of property investments in a portfolio of core unlisted property funds and club style investments in Australia. In this role, Pete sits on advisory boards and investment committees relating to five funds.

Prior to joining VFMC, Pete held roles at Investa Property Group and Pinnacle Property Group.  He holds a Postgraduate Diploma in Management from Melbourne Business School, Bachelor of Business from RMIT University and a Graduate Diploma in Finance and Investment.

Nick Tribe

Head of Fixed Interest and Absolute Returns

Nick joined VFMC in October 2009 and has over 27 years experience in the management of fixed income, inflation linked bond and cash portfolios. He joined as a Senior Portfolio Manager to establish an active fixed income capability across the internally managed fixed income portfolios.

In August 2017, his responsibilities were expanded to the role of Head of Fixed Interest and Absolute Returns to lead the team which includes both internal and external portfolio management.

Prior to VFMC he was Deputy Head of Fixed Income at Aviva Investors which was formerly known as Portfolio Partners and prior to that Norwich Investment Management Ltd.

Nick holds a Bachelor of Business (Economics and Finance) from RMIT.

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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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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VFMC Announces Changes in Management

Lisa Gray, CEO of Victorian Funds Management Corporation (VFMC), today announced changes in some...

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VFMC Announces New Directors

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

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