The Future Fund has announced the departure of head of property, Barry Brakey, after 10 years in the role.
Before joining the Fund in January 2008, Brakey ran his own property advisory business, investing domestically and globally for a number of Australian government, industry and corporate superannuation and investment funds.
Commenting on his departure, Future Fund chief executive officer, David Neal, said: "Barry has been instrumental in the creation of the property portfolio and its significant contribution to the $80bn of investment returns produced since inception. He has recruited and developed a high performing team and has brought his experience and leadership to bear across the broader investment team, including having served as Acting Head of Infrastructure & Timberlands."
Brakey added: "It is the right time for me to find my next challenge, knowing that the team and the property portfolio are in great shape and well positioned to continue to deliver outstanding results."
With Brakey's departure, and following the appointment of two deputy chief investment officers, David George and Wendy Norris, in March 2018, the Fund has also announced it is reorganising its investment team to create five new roles: head of unlisted property, head of unlisted infrastructure & timberlands, head of listed tangible assets, head of debt, and head of alternatives. Existing senior investment staff have been appointed to each of these roles.