Australian Investment Council hires from Macquarie for new CEO – Michmutters

Australian Investment Council hires from Macquarie for new CEO

Private equity and venture capital industry body Australian Investment Council has appointed Macquarie Group’s Navleen Prasad as its new chief executive officer.

Prasad, who’s expected to start the top job in November, spent almost two decades at Macquarie in a number of roles, most recently head of government and external relations.

AIC chair Alicia Gregory (pictured) said new CEO Navleen Prasad offered strong policy, government and communications credentials. Louise Kennerley

AIC chairperson Alicia Gregory said Prasad had an “outstanding” understanding of the investment management industry. “In a constantly changing environment, Navleen’s skills, experience and fresh perspectives will be highly valued.”

Prasad said it was an honor to work for AIC’s membership base, which she noted invested $28 billion in 2021 and had a further $10 billion ready to deploy.

“Private capital plays a critical role in Australia’s economy through funding innovation, enabling entrepreneurship, creating jobs, investing in services which communities need to prosper, and helping to address profound challenges such as climate change,” Prasad said.

She replaces Yasser El-Ansary, who left AIC to head the Financial Services Institute of Australasia (FINSIA).

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