The Federal Government has announced the appointments of David Gonski and Steven Harker to the Future Fund Board of Guardians.


“Mr Gonski has been appointed as Chair for a period of five years. He has extensive experience in business, law, investment banking and corporate governance. Mr Gonski is currently the Chair of ASX Group, Investec Bank (Australia) Ltd, Coca-Cola Amatil Ltd, and Ingeus Ltd, and is a Director of Singapore Airlines Ltd. Mr Gonski was appointed an Officer of the Order of Australia in 2002 and a Companion of the Order of Australia in 2007. He received the Centenary Medal in 2003,” Treasurer Wayne Swan said in a statement.


Mr Gonski has announced he will step down from his role of chairman of the ASX Group by June 30, while his position on the Board of Singapore Airlines will end in July.


Mr Gonski will be replace David Murray, who served as the inaugural Chair of the International Forum of Sovereign Wealth Funds and will continue the role as the Honorary Chair until 2013.


Mr Harker will also serve a five year appointment and is currently the Managing Director and CEO of Morgan Stanley Australia and a Director of Australian Financial Markets Association and Investa Property Group.


“Mr Harker replaces Brian Watson, who has made a valuable contribution to the Board through his expertise in investment management. Mr Watson was a founding member of the Board and was reappointed in 2009 for three years. The Government thanks Mr Watson for his efforts and wishes him well for the future,” Mr Swan said.