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 $70b 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.

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.

Ezinne Udeh Martinez

Executive Manager, Investments

Ezinne was appointed as Executive Manager, Investments of VFMC in June 2019.

Ezinne is responsible for the central coordination of all investment related functions of the $70bn+ fund. Reporting directly to the CIO, she oversees technical, strategic and implementation activities across the investment strategy, asset allocation and portfolio performance.

Prior to this role, Ezinne served as Portfolio Strategist with VFMC. Before this, Ezinne was the Head of Investments in the Australia Post $8 billion pension fund where she was responsible for the development and implementation of the strategic agenda of the fund.

Ezinne has extensive experience in asset management, institutional banking, corporate strategy and private equity.  Passionate about delivering high quality results, Ezinne has a proven ability to combine strategic thinking with hands-on implementation.

Ezinne is a Chartered Financial Analyst and holds a Bachelor of Commerce from the University of Melbourne.

Gary Gabriel

Head of Portfolio Management Group

Gary joined VFMC in October 2020 as Head of the Portfolio Management Group within VFMC’s Investment Team, responsible for determining portfolio strategy and asset allocation, measuring and calibrating investment risk and implementing VFMC client portfolios.

Gary has more than 25 years’ experience in institutional investment, spanning investment strategy formulation, portfolio construction and risk management, and investment management across global listed and unlisted asset classes.  Prior roles include Chief Investment Officer at State Super NSW, General Manager of Portfolio Strategy and Risk at HESTA, Managing Director (Asia Pacific) for Wilshire Associates, Head of Private Markets at the Future Fund, Manager, Investment Strategy and Head of Private Markets at UniSuper.

Gary holds a Bachelor of Economic Science from the University of Witwatersrand and a Certificate in Actuarial Techniques from the Institute of Actuaries.  He is also a CFA Charterholder and is a Graduate of the Australian Institute of Company Directors.

Michael Stavropoulos

Head of Equities

Michael joined VFMC in November 2008 and has over 20 years of experience in funds management and investment consulting.

Michael joined VFMC as a Portfolio Manager within the equities team initially responsible for investment research, manager selection and portfolio construction across VFMC’s listed equity portfolio.  In 2017 Michael moved across to restructure and lead VFMC’s internal Australian Equity capability including the management of a large cap Australian Equity portfolio and an all cap, unconstrained high conviction Australian equity portfolio.

In May 2020, Michael was appointed to the role of Head of Equities leading a team which includes both internal and external research and portfolio management.

Prior to joining VFMC, Michael was a Portfolio Manager at Intech Investments responsible for all aspects of Australian equity multi-manager research and portfolio management.

Michael holds a Bachelor of Business, Graduate Diploma in Applied Finance and Investment and a MBA from the University of Melbourne.


Nick Tribe

Head of Fixed Interest and Absolute Returns

Nick joined VFMC in October 2009 and has over 25 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.

Pete King

Head of Property

Pete joined VFMC in 2008 and has over 25 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.

Peter Osborne

Head of Portfolio Strategy and Asset Allocation

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.

Shali Lingaretnam

Acting Head of Investment Stewardship

Shali joined VFMC in May 2020 initially as Senior Portfolio Manager in the Equities team before joining the Investment Stewardship team in the role of Acting Head of Investment Stewardship in August 2021 where she is responsible for leading VFMC’s Investment Stewardship and ESG activities.

Shali was previously the Head of Investments at CCI Asset Management managing their $2Bn investment portfolio and has more than 20 years market experience having previously worked in investment roles at Macquarie Bank, Aviva, Lonsec and IOOF Investment Management.

Shali holds a Masters of Applied Finance from Macquarie University and Bachelor of Business from RMIT University.

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