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 bold vision to be one of Australia’s first gender balanced fund managers. “We’ve made significant progress...Read more
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 Annual Report I am proud to advise that VFMC successfully delivered against its corporate and investment...Read more
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 could be found, and what this meant for overall portfolio construction. This focus led to the...Read more
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 including human resources, enterprise risk management and fund financial services. VFMC CEO Kate Galvin said she...Read more
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 super, funds management and banking industries, enabled him to contribute deeply to his directorships, including that...Read more
