Kate Galvin will join Victorian Funds Management Corp. on Oct. 11 as the firm's next CEO, according to an announcement by Melbourne-based VFMC, which manages A$64 billion ($47.7 billion) for 31 public authorities and related organizations in the Australian state of Victoria.
She'll replace outgoing CEO Lisa Gray, who will retire Sept. 30 after almost six years at VFMC's helm.
A VFMC news release said Ms. Gray is looking to focus on a portfolio of directorships and advisory interests.
Ms. Galvin comes to VFMC from her role as executive of National Australia Bank's NAB Health business, providing finance solutions for health-care professionals.
A NAB spokeswoman said the bank is "in the process of recruiting a replacement" for Ms. Galvin.
