ASX Chairman Gonski to Step Down to Manage Australia Future Fund
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ASX Ltd. Chairman David Gonski will step down from his role at Australia’s main stock market operator after being appointed to oversee almost A$90 billion ($95 billion) in the nation’s sovereign-wealth funds.
Gonski, 58, will run the Australian Future Fund as well as the country’s nation-building funds that invest in infrastructure, Treasurer Wayne Swan said in a statement yesterday. Steven Harker, chief executive officer of Morgan Stanley’s Australian unit, was named to the board.