Ben Samild, Chief Investment Officer of Australia's A$252 billion (US$168 billion) sovereign wealth fund, has resigned to embark on a new career chapter in the Middle East.
The Future Fund announced in a statement on Monday that Samild, who joined the fund in 2013, has served as Chief Investment Officer for more than two years. According to a source familiar with the matter, he will be joining the Abu Dhabi Investment Council (ADIC).
Deputy Chief Investment Officer Hugh Murray has been appointed as interim Chief Investment Officer while the Future Fund conducts a recruitment process. ADIC did not immediately respond to requests for comment.
Ben Samild
Performance results released last week showed the Future Fund achieved a 12.2% return for the year ending in June. Chief Executive Officer Raphael Arndt stated that the fund has reduced its exposure to US markets and is closely monitoring pressure that Trump is placing on the Federal Reserve.