National Reconstruction Fund appoints fundie Mary Manning as CIO
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The news: The National Reconstruction Fund Corporation (NRFC) has appointed Alphinity portfolio manager Mary Manning as its inaugural chief investment officer.
The numbers: Manning will oversee the $15 billion fund that was set up by the federal government in September 2023. She will start in the role next month.
Manning has over 25 years of experience in finance, economics and investment. She was most recently a portfolio manager at Alphinity Investment and prior to that at Ellerston Capital.
The context: The NRFC has seven priority sectors for investment: resources; transport; medical science; defence capability; renewables and low emission technologies; agriculture, forestry and fisheries; and enabling capabilities.
What they said: “I am excited to join the team at the NRFC and take charge of its pipeline of compelling investment opportunities,” Manning said.
“We have a clear mission to supercharge our seven priority areas, while delivering the targeted return on investment. By investing at scale and with impact, we will help build the foundation of Australia’s economic future.”
The source: NRFC media release
