The $15 billion National Reconstruction Fund, Australia’s flagship manufacturing initiative, is moving forward with the appointment of Ivan Power as its inaugural CEO, the government revealed in a media release.
Bringing over 25 years of extensive experience in global investment to the role, Power’s leadership is expected to bring a wealth of experience and strategic vision to guide the National Reconstruction Fund Corporation (NRFC) in achieving its objectives.
His impressive career includes more than two decades at Macquarie Group in Sydney and London, where he played a crucial role in shaping investment strategies.
Additionally, Power serves as a board member of Generation Australia and has been a former board member of Lifesavers with Pride and The Westmead Institute for Medical Research.
Power’s expertise extends to collaboration with various governments and agencies, demonstrating a keen ability to establish productive links between government, businesses, and non-government organisations.
His appointment as CEO was made by the independent NRFC Board, tasked with making decisions to provide financial support to Australian-based investments across seven priority areas of the national economy.
Minister for Finance Senator Katy Gallagher expressed her satisfaction with the selection of Ivan Power as the CEO of the NRFC to oversee the $15 billion National Reconstruction Fund.
“Mr Power brings 25 years of experience to the NRFC and will help deliver a future made here in Australia,” the minister noted.
Senator Gallagher affirmed the NRF’s commitment to the task of revitalising Australian manufacturing and generating employment opportunities.
Minister for Industry and Science Ed Husic commended the NRF Board’s decision in appointing Ivan Power as the inaugural CEO of the National Reconstruction Fund Corporation.
He extended congratulations to Power, emphasising the exceptional choice made by the NRF Board.
“Our plan for a future made in Australia demands high-calibre stewardship of the $15 billion investment the NRF will make into growing our industrial muscle, and that is what Ivan’s extensive experience in financial markets and global investment brings,” Husic underscored.
Minister Husic characterised Power’s appointment as a crucial step in the NRF’s expansion, signalling progress in fulfilling their commitment to establishing a robust and prosperous industrial foundation in the country.
