Private equity body hires new chief

Navleen Prasad
The Australian Investment Council - Chief Executive
Date: 3 August 2022
Position: Chief Executive
By Elizabeth Fry

The peak body for the private equity and venture capital industry has named Navleen Prasad as chief executive, replacing  Yasser El-Ansary who now runs FINSIA.

Prasad joins from Macquarie Group where she spent nearly 20 years, most recently as head of government and external relations.

Earlier, at PwC, she advised third-party multinational and Australian clients on remuneration and benefits planning and structuring, particularly employee share and option plans.

A lawyer, she also carried out tax specialised in fringe benefits tax.

Back in 2004, she specialised in international assignee tax issues for Deloitte.

AIC chairperson Alicia Gregory - who runs private markets at the Future Fund - said Prasad had an "outstanding" understanding of the investment management industry combining strong policy, government and communications credentials underpinned by a high results orientation.

"In a constantly changing environment, Navleen's skills, experience, and fresh perspectives will be highly valued," Gregory said in a release.

In a LinkedIn post, the incoming chief executive argued that private capital played a substantial role in supporting Australia's economy, labour market and businesses.

"It enables innovation and opportunity and helps address profound challenges."

"It is a privilege to be asked to lead the Council, join a very strong and capable team, and work alongside our members."