Future Generation Investment Co (ASX:FGX) - Incoming Chair Mike Baird
Incoming Chair Mike Baird
Source: LinkedIn
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  • Former NSW premier Mike Baird will join Future Generation Australia (FGX) as its new Chair, effective July 31
  • He will replace Jonathan Trollip, who has chaired the company since it started in 2014 and has overseen almost $30 million of investment in children and youth at risk
  • Mr Baird is currently the CEO of HammondCare and Board Member of Cricket Australia and Surfing Australia and was the NSW Liberal premier from 2014 to 2017
  • Geoff Wilson, Founder and Director of FGX, says that since the fund was launched, it had delivered “solid” investment returns and $26.8 million in “social investment” in its children and youth-at-risk charity partners
  • FGX shares are down 0.79 per cent, trading at $1.25 at market close

Former NSW premier Mike Baird will join Future Generation Australia (FGX) as its new Chair, effective July 31.

He will replace Jonathan Trollip, who has chaired the company since it started in 2014 and has overseen almost $30 million of investment in children and youth at risk.

Mr Baird was the NSW Liberal premier from 2014 to 2017 and is currently the CEO of HammondCare and Board Member of Cricket Australia and Surfing Australia.

Prior to this, he was a member of the National Australia Bank executive leadership team and will remain as an ambassador for Bear Cottage and Southern Youth Family Services, but will be standing down as Chair of the Australian Business Growth Fund.

Geoff Wilson, Founder and Director of Future Generation Australia, said that since the fund was launched, it had delivered “solid” investment returns and $26.8 million in “social investment” in its children and youth-at-risk charity partners.

“Future Generation works to contribute to a brighter future for young people,” he said.

“This is a path that Mike knows well and we’re excited that he will lead the Future Generation Australia board and work with our CEO Caroline Gurney to promote the wellbeing of our children and youth at risk.”

Mr Baird said Future Generation was aiming to expand its assets under management and charitable contributions by bolstering the links between the financial sector and charities.

“There’s great capacity, expertise, and financial resources within the corporate sector and, in this case specifically, the funds sector, and the question is how can they play a role in some of the bigger society challenges, in this case, disadvantaged youth,” Mr Baird said.

“For me, to play a role in that, to strengthen that bridge, is very exciting.”

Listed in 2014, Future Generation Investment Company provides shareholders with exposure to leading Australian fund managers without paying management or performance fees.

It also provides charities primarily focused on children and youth at risk with a stream of annual investments and fund managers with a unique opportunity to make a positive difference to Australia’s future generations.

FGX shares were down 0.79 per cent, trading at $1.25 at market close.

FGX by the numbers
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