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 in the GBI. Within the report, Kate Galvin, Chief Executive Officer of VFMC, gives insight into...Read more
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
