Mark Burgess, managing director and president of the Future Fund Management Agency, is leaving the helm of the A$89 billion (US$80.9 billion) fund to return to the private sector, according to a news release Wednesday.
The news release provided no details on Mr. Burgess’ plans, and Mr. Burgess couldn’t be reached for comment.
In the release, David Gonski, chairman of the Future Fund board of guardians, thanked Mr. Burgess and added, “we look forward to announcing a replacement to his position as the fund enters the next phase of its development.”
Mr. Burgess “will remain in his role to facilitate a smooth transition to the new leadership of the agency,” the news release said.
Mr. Burgess joined the Future Fund in March 2011. He had been CEO of Treasury Group, a company listed on the Australian stock exchange that invests in small- to medium-sized money management firms.