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GENERAL PROPERTY

Brakey looks to new future

Barry Brakey at Melbourne Airport
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AFTER 10 years with the Future Fund, head of property Barry Brakey is leaving the sovereign wealth fund.

CEO David Neal said following the appointment of two deputy chief investment officers, the agency has reorganised its investment team to create five new roles and has appointed existing senior investment staff into those roles.

The new roles and those appointed to those roles are:

  • Head of unlisted property – Stewart Tillyard
  • Head of unlisted infrastructure & timberlands – James Fraser-Smith
  • Head of listed tangible assets – Sarah Carne
  • Head of debt – Craig Dandurand
  • Head of alternatives – Ben Samild

“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.

“His contribution to the whole organisation’s culture and success has been enormous and I wish him well for his future success,” he added.

“I am also pleased that we have been able to appoint existing members of the team to new roles. This demonstrates the depth of talent from which we benefit. This new structure will help us build on our success as the Future Fund grows over the decade ahead and strengthens our ability to combine deep sectoral expertise with the ability to collaborate across teams,” Neal said.

Brakey said he is looking for his next challenge.

“It has been an honour to have been part of the journey and I am proud of what we have achieved. I am grateful to have been involved with an exceptional group of people and with many of the world’s best property partners.

“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.” Brakey said.

Brakey joined the Future Fund in April 2008 as investment director. He is a Life Fellow of the Australian Property Institute, Fellow of the Royal Institute of Chartered Surveyors and a Certified Practising Valuer. He was a Councillor on the Australian Property Institute’s National Council and a past National President.

Australian Property Journal