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AIC names new CEO

 — 1 minute read

The Australian Investment Council has hired its new chief executive from Macquarie.

Navleen Prasad has been appointed as the new CEO of the Australian Investment Council following the departure of Yasser El-Ansary earlier this year.

Ms Prasad has over 25 years of experience in financial and professional services including 19 years at Macquarie, where she was most recently head of government and external relations. 

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She previously held client-facing roles in the taxation consulting divisions of Deloitte and PwC.

After an extensive global search, AIC chairperson Alicia Gregory said that the board was unanimous in its view that Navleen was the right leader.

“We are delighted to appoint Navleen to the role of CEO. Navleen brings an outstanding understanding of the investment management industry combining strong policy, government and communications credentials underpinned by a high results orientation,” she said.

“In a constantly changing environment, Navleen’s skills, experience and fresh perspectives will be highly valued by the council’s team and membership base.”

Mr El-Ansary announced in January that he would depart the AIC after eight years as its CEO. He has since taken up the role of CEO at financial services professional body FINSIA.

Ms Gregory also thanked Jonathan Kelly for leading the council over the interim period.

Commenting on her appointment, Ms Prasad said she looked forward to working alongside the members of the AIC as they continued to invest in current and future industries.

“Private capital plays a critical role in Australia’s economy through funding innovation, enabling entrepreneurship, creating jobs, investing in services which communities need to prosper, and helping to address profound challenges such as climate change,” she said.

“It is an honour to be appointed to lead the Australian Investment Council and to work with, and advocate for, our members who invested $28 billion into businesses across the Australian economy in 2021 and have a further $10 billion ready to deploy.”

The AIC has confirmed that Ms Prasad will formally commence her appointment in early November.

An EY report for the AIC found that companies under private capital ownership accounted for $54 billion in total value added to the Australian economy in 2020.

AIC names new CEO

The Australian Investment Council has hired its new chief executive from Macquarie.

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Jon Bragg

Jon Bragg

Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.

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