Nadine Lennie was named director of private markets at the A$59.6 billion (US$54.5 billion) Future Fund, Melbourne, Australia, according to the funds website. Sarah Carne also was named manager of equities at the fund. Ms. Lennie will work with Raphael Arndt, investment director of private markets, to develop investments in infrastructure and timberland. Ms. Lennie was investment director at Hastings Funds Management; information on her replacement could not be learned by press time. Ms. Carne was a senior consultant at Frontier Investment Consulting; information on a replacement was not immediately available.