Ming Long has been appointed as an independent director to the board of industry super owned global fund manager IFM Investors.
With a multi-decade career as an executive of listed and unlisted companies including fund and significant board experience, IFM said that Ms Long had a strong track record in leadership, strategy, finance and governance.
She is currently the chair of AMP Capital Funds Management, having been a trustee for up to $100 billion assets under management, with a particular focus on infrastructure and real estate. She will depart this role on 31 October before commencing with IFM on 1 November.
“I’m delighted that Ming is joining IFM. Her extensive understanding of private markets alongside her international experience will be a great asset to IFM,” said IFM Investors chair, Greg Combet.
“Ming also has a strong commitment to inclusion and diversity as well as a deep interest in ESG issues, particularly climate, all of which will add to the current strength of the IFM Board.”
Ms Long currently serves on the board of QBE Insurance (Auspac), the Diversity Council of Australia, and the Committee for Economic Development (CEDA) and is also on the Steering Committee for the Climate Governance Initiative with the Australian Institute of Company Directors, as well as being a member of the ASIC Corporate Governance Consultative Panel.
She has held senior executive positions in listed and unlisted companies, including as CFO to joint MD of Investa Property Group between 2005 and 2016.
IFM said that Ms Long would bring multi-asset class expertise and deep knowledge of international private markets, finance and global strategy to the firm, helping it to continue to deliver on its purpose to protect and grow the long-term retirement savings of working people.
“IFM’s heritage and purpose is distinct in the global funds management industry, and alongside its track record of delivering for its investors, is why it is such a privilege to be able to join the board and help make a contribution to its ongoing success,” Ms Long said on her appointment.
The fund manager also noted that the appointment would make its board majority female. As of June, IFM had a total of $199 billion in assets under management.
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.