Future Generation Investment Company Limited (ASX: FGX) is an investment company incorporated in Australia. The Fund will invest in funds managed by a number of Australian fund managers with diversified exposure to Australian equities.
The company, today on 27 March 2019, has updated regarding the appointments of Caroline Gurney and Stephanie lai to the board of the company. However, Mr. Scott Malcolm proposes to resign from the board with effect from the conclusion of the company’s ensuing Annual General meeting which is slated to be held on the 23rd of May 2019.
The chairman of the company Mr. Jonathan Trollip said that he is thankful to Mr. Scott for his immense contribution to the growth and prosperity of the organization. He further added that his 4-year stint in the company especially as the member of the audit and risk committee is commendable. He said that the management is elated to welcome Caroline Gurney as the director of the company, as he has got significant experience in the vertical of communication and executive leadership.
Caroline is the M.D and Head of marketing & corporate communications for the Australasia and deputy chief communications officer for the Asia Pacific regions respectively at the UBS. She is a member of the UBS management committee and also a director of the UBS Australasia foundation. Before joining this organisation in 2002, she was a Vice President, Director of the corporate affairs at the Citi Bank Asia Pacific.
Stephanie is currently a partner of Deloitte and was earlier a partner of KPMG. She has over 16 years of experience in the advisory, private equity, and institutional investing and undertook various assignments in the vertical of mergers and acquisitions, fundraising via equity and debt. She served for 4 years as a non-executive director & chairperson of the audit, risk and finance committee at SHINE for kids, which is a not for profit organisation, supporting the children whose parents are in the criminal justice system. Stephanie is expected to resign from the partnership in Delloite on 31 March 2019, to join the FGX board, and will commence the designated role from April 2019.
On the price-performance front, the stock has posted the year till date return of 1.69%. The company also has posted returns of -9.77% & 2.13% over the past six & three months, respectively. At the time of writing, i.e., on 27th of March 2019 AEST 4:00 PM, the stock of the company was trading at a price of A$ 1.20, performing flat during the day’s trade with a market capitalisation of ~A$ 475.62 Mn. The stock opened the day at A$ 1.200 which was also the intraday high and touched an intraday low of $ 1.190, with daily volume of ~ 191,761. It had a 52-week high price of $ 1.355 and a 52 weeks low price of $ 1.135, with an average volume of, 157,737 approximately.
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