Future Generation appoints Chief Investment Officer

Future Generation appoints Chief Investment Officer

Future Generation, the $1.4 billion philanthropic investment group, has appointed Lee Hopperton as its inaugural Chief Investment Officer (CIO).

Mr Hopperton will leverage his extensive expertise in private wealth, investment banking and asset management to provide advice to the Future Generation Investment Committees and expand the group’s reach within the investment community. Working closely with Future Generation CEO Caroline Gurney, he will help to promote the group’s unique model and investment strategy to a broader network of brokers, financial planners and high net worth investors.

Caroline Gurney said, “Lee’s appointment adds significant investment and distribution muscle to our operations and will elevate our growth strategy to the next level. We are thrilled to have someone of Lee’s calibre join the team. His understanding of listed equities, extensive industry knowledge and relationships will help boost Future Generation’s reach, as well as our ability to provide both strong shareholder returns and funding to vital social causes.”

Mr Hopperton will work across the three Future Generation funds: the listed investment companies Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG), as well as the newly-launched unlisted trust Future Generation Women. The group has $1.4 billion under management and has donated more than $87 million to Australian non-profits since launching ten years ago.
Mr Hopperton has more than 25 years’ experience in the investment industry, having held senior roles at JP Morgan Chase, Macquarie and Auscap Asset Management. He has worked in Australia, Asia and the United Kingdom. Most recently, Lee was Head of Private Wealth at Perpetual Asset Management.

“Future Generation is an incredible model which makes a significant social impact without compromising investment returns. This is a rare and exciting opportunity in financial services as the model has generated solid returns with lower volatility. I am looking forward to ensuring that more people understand just how powerful Future Generation is,” said Mr Hopperton.

The Future Generation funds are managed by leading Australian and global fund managers, who waive all management and performance fees so that 1% of the group’s assets can be donated to non-profits that support youth at risk, youth mental health and economic equality for women.

Read the full ASX Release here.