Australia's ACSI names Future Fund executive as new CEO
The Australian council of Superannuation Investors (ACSI) has appointed Gordon Hagart, head of environmental, social and governance (ESG) risk management at Future Fund, as its new CEO. Hagart will take over from Ann Byrne who will retire from the A$100 billion ($93 billion) sovereign wealth fund at the end of October after five years at the helm.
According to a release, Hagart has spearheaded the development of Future Fund's ESG risk management program. He also had a key role in creating the UN Principles for Responsible Investment - to which many Australian "all profit to member" superannuation funds are signatories - while working with the UN Environment Program in Geneva.
Hagart, originally from Glasgow in Scotland, began his career as an investment banking analyst with Greenhill & Co. in London, and also worked as an investment consultant in Zurich.
ACSI represents more than 30 industry and government funds in the not-for-profit sector which manage more than $350 billion in retirement savings for six million Australians. The council has been widely credited for pioneering the industry push into governance issues.
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