Australia’s sovereign wealth fund Future Fund has appointed a new CIO; Warburg Pincus-backed e-wallet MoMo has announced a new chairman; and global chief executive officer of NTT has retired.
Australian sovereign wealth fund Future Fund appoints new CIO
Australia’s sovereign wealth fund Future Fund has appointed Sue Brake as its new chief investment officer.
Brake has served as the fund’s acting CIO since July 1, 2020 following the elevation of former CIO Raphael Arndt as the organisation’s chief executive officer.
As CIO, Brake will have overall responsibility for developing and implementing the investment strategy of the Future Fund and five other public asset funds that are cumulatively valued at $210 billion. She will also be a member of the organisation’s management committee.
Future Fund recently made several senior appointments including Genevieve Murray as head of listed equities, Doug Cain as head of unlisted property, and Kelvin Mak as director in the private equity team.
E-wallet MoMo announces new chairman
Warburg Pincus-backed e-wallet MoMo announced that Anthony Thomas, former director, retail banking sales & distribution (Asia Pacific) of Citibank and former CEO of Philippines’ largest e-Wallet, GCash, has joined as its new chairman.
The appointment is part of MoMo’s plan to become a Vietnamese super app, it said.
Thomas is an Indian expert in fintech with in-depth knowledge of the banking and finance industry with over 22 years of experience in the banking and payment sectors. In his 17 years of experience, Thomas has held many important leadership positions at Citibank’s Global Consumer Group in countries including India, the Americas, South Korea and the Philippines.
In 2015, Thomas joined GCash’s leadership team to help the e-wallet achieve strong development in the Philippines.
NTT’s global CEO retires
NTT Ltd., a global technology services provider, has announced that its global CEO, Jason Goodall, will retire at the end of June 2021.
Following his retirement, Jason will remain as a board director for NTT Ltd. and Dimension Data, as well as act as a strategic advisor for NTT Venture Capital business. “Jason has brought a unique energy and passion for both the industry and organisation over the last 23 years of service. He is a people-first leader and has built the organisation based on purpose, performance, and culture,” NTT said.
Jason will remain as global CEO until April 1, 2021 and will then work closely with his successor for three months to ensure a seamless handover. NTT will be announcing Jason’s successor in the coming weeks.