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
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 retired from executive life in September 2021, in order to extend her business and leadership contribution...Read more
