The Australian Private Equity and Venture Capital Association (AVCAL) has found a new chief executive to replace Katherine Woodthorpe, recruiting Yasser El-Ansary from the Institute of Chartered Accountants Australia (ICAA).
Mr El-Ansary was formerly the ICAA’s general manager - leadership and quality, after joining the institute in 2009. He will assume his new role on 20 November.
He has previously worked at PriceWaterhouseCoopers, Rio Tinto, Australand Property Group and the Federal Department of Treasury as a policy adviser.
AVCAL chairman John White welcomed Mr El-Ansary to AVCAL, saying his “frontline experience in working constructively with the government on business policy issues” and representing the ICAA in the media equips him well for the leadership role at AVCAL.
“His professional background in tax and policy gives him a head start on some of the key policy issues facing Australia’s private equity and venture capital industries, particularly in areas such as the ongoing reforms to the managed investment trust regime and the need to support innovation and technology through the research and development tax incentive and industry innovation funds,” Mr White said.
“We undertook a rigorous recruitment process and Yasser was the standout candidate,” he added.
Mr El-Ansary said he was looking forward to the new challenge.
“I know that I inherit an organisation that in recent years has made great strides in boosting the profile of private equity and securing vital government support for the venture capital industry,” he said.
“I’m very much looking forward to the opportunity to lead AVCAL through the next exciting phase of its evolution as a strong voice for its members, and in continuing to work with the government to develop good policies that support the growth and expansion of the private equity and venture capital industries in Australia,” he added.