Non-public fairness and enterprise capital business physique Australian Funding Council has appointed Macquarie Group’s Navleen Prasad as its new chief govt officer.
Prasad, who’s anticipated to begin the highest job in November, spent virtually twenty years at Macquarie in quite a few roles, most not too long ago head of presidency and exterior relations.
AIC chairperson Alicia Gregory stated Prasad had an “excellent” understanding of the funding administration business. “In a always altering atmosphere, Navleen’s expertise, expertise and recent views might be extremely valued.”
Prasad stated it was an honour to work for AIC’s membership base, which she famous invested $28 billion in 2021 and had an extra $10 billion able to deploy.
“Non-public capital performs a crucial position in Australia’s economic system by way of funding innovation, enabling entrepreneurship, creating jobs, investing in providers which communities have to prosper, and serving to to deal with profound challenges akin to local weather change,” Prasad stated.
She replaces Yasser El-Ansary, who left AIC to move the Monetary Providers Institute of Australasia (FINSIA).