Governance
Future Fund CEO Raphael Arndt to leave at end of 2026
Future Fund CEO Raphael Arndt will leave at the end of 2026 after six years in the role, with no successor named in the announcement. Reuters reported that the fund returned 14.8% in the year ended June 30, exceeding its 8.0% government-mandated target, and that assets rose to A$356 billion at June-end.
Australia’s Future Fund said Chief Executive Raphael Arndt will leave at the end of 2026 after six years as CEO to return to the private sector. The fund’s chair did not name a successor. Reuters reported that the Future Fund delivered a 14.8% return in the year ended June 30, above its 8.0% government-mandated target and the previous year’s 12.2%. Assets rose to A$356 billion at the end of June from A$337.2 billion three months earlier.