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29 January, 2024

James MacKenzie awarded Order of Australia

VFMC would like to congratulate our former Chair, James MacKenzie AO who was made an officer of the Order of Australia in the Australian Day honours. James received his award for distinguished service to business and to public administration through leadership roles. James has had a long career in both...

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29 January, 2024

VFMC Announces Board appointments

VFMC Announces Board appointments The Chair of Victorian Funds Management Corporation (VFMC), Lisa Gay, welcomes the appointment of Chris Barrett to the Board of VFMC (effective 12 December 2023). Chris commenced as DTF Secretary in December 2023 and leads the Department in its role of providing economic, financial and...

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23 November, 2023

Lisa Gay appointed as new VFMC Chair

  Lisa Gay appointed as new VFMC Chair   The Treasurer of Victoria, Tim Pallas, announces the appointment of Lisa Gay as the new Chair of Victorian Funds Management Corporation (VFMC), effective 23 November 2023.   Lisa Gay was appointed as a Director of the Board in May 2016...

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25 October, 2023

VFMC supports Lighthouse Foundations, Australia’s first social loan.

VFMC was featured in an article in the Australian Financial Review Lighthouse gets $130m social loan from CBA, NAB Fund manager Lighthouse Infrastructure has secured a so-called social loan of $130 million from Commonwealth Bank and National Australia Bank to boost its provision of specialist disability accommodation funding, the first loan...

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25 October, 2023

The firm breaking the stereotype of male-dominated investor teams

CEO, Kate Galvin featured in a news article on Women’s Agenda. We learn more about Victorian Funds Management Corporation’s (VFMC) family-inclusive initiatives and policies aimed at supporting parents, carers and women, thanks to our partnership with Family Friendly Workplaces. Victorian Funds Management Corporation’s investment team is edging closer to reaching...

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17 July, 2023

VFMC Chairman announces resignation

Today, VFMC is announcing James MacKenzie’s retirement from his role as Chair of the VFMC.  James will retire on 23 August 2023, having chaired the VFMC Board since June 2015.   On behalf of the VFMC Executive team, and our people, I extend thanks and appreciation to James for...

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27 June, 2023

VFMC thanks Elana Rubin for her contribution to the Board

The Chairman of Victorian Funds Management Corporation (VFMC), James MacKenzie, announces the departure of Elana Rubin from the Board of VFMC (effective 24 April 2023). Elana has been appointed as a member of the Board of the Reserve Bank of Australia commencing in September 2023.   “The Board of...

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19 June, 2023

VFMC: Portfolio alignment with net zero

VFMC are thrilled and proud to be featured by the Principles for Responsible Investment (PRI) as a case study highlighting our commitment to align our Clients’ investments with the goal of achieving a net zero future. The case study focuses on VFMC’s targeted active engagement with investee companies in...

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24 April, 2023

OMFIF Gender Balance Index 2023

For the second consecutive year, Victorian Funds Management Corporation (VFMC) has been ranked number one as part of the OMFIF ranking of sovereign funds globally for gender equality. With a mostly female executive team and gender balance across the organisation, VFMC leads the way among pension and sovereign funds...

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14 March, 2023

Kate Galvin’s interview with the Financial Standard – Walking the Walk

Chief executive of one of Australia’s largest investment managers, Kate Galvin is helping spearhead greater gender equity, diversity, and inclusion in the investment management industry. Andrew McKean writes. Victorian Funds Management Corporation (VFMC) chief executive Kate Galvin takes pride in VFMC’s promotion of gender equity and diversity, and for setting a...

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20 January, 2023

VFMC Presents 2021-2022 Annual Report

Message from CEO Kate Galvin: On behalf of the Victorian Funds Management Corporation (VFMC), I am pleased to present our 2021-2022 Annual Report. This report provides an overview of VFMC’s investment performance for the past financial year, as well as progress against our Evolve24 strategy. Read the 2021-2022 VFMC...

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12 July, 2022

Supporting best practice in investment risk management

VFMC recently completed its Investment Risk Uplift Project to further elevate portfolio risk capabilities and support global best practice in investment risk management. A key project objective was better understanding, at a whole-of-portfolio level, how much risk was coming from VFMC’s Private Credit asset class, where better risk-adjusted returns...

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16 June, 2022

VFMC Welcomes New Additions to Leadership Team

VFMC welcomes the appointment of new Chief Operating Officer, Lucy Carr, and Chief Finance and Risk Officer, Paul Shanley. Ms Carr has been VFMC’s Chief Risk Officer since December 2019 and has more than 20 years’ experience in financial services across AXA, EY and Vanguard, where she led functions...

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17 March, 2022

Vale Jack Diamond

VFMC is saddened by the recent passing of financial innovator and respected former VFMC Board Director, Jack Diamond. Mr Diamond served on the VFMC Board for six years between May 2006 and May 2012. His long and varied career across asset consulting and in multiple, impactful roles in the...

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22 December, 2021

VFMC welcomes former CEO Lisa Gray to the Board

The Victorian Funds Management Corporation (VFMC) has announced the appointment of former Chief Executive Officer, Ms Lisa Gray to the Board of VFMC effective 1 January 2022.  In her almost six-year tenure as CEO, Ms Gray successfully led VFMC through an exciting period of evolutionary transformation, including overseeing a significant uplift in digital and technology, data and analytics and people and leadership. Ms Gray...

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