Appointment of new chair of the Australian Business Growth Fund
The Morrison Government has announced shareholder agreement to the appointment of Mike Baird as Chair of the Australian Business Growth Fund.
The inaugural chair of the Fund Will Hodgman previously notified that he will be stepping down from the role.
Chairman Mike Baird brings a wealth of experience to the Fund, having served as the Premier of New South Wales from 2014 to 2017 and in senior positions in the investment and commercial banking sector.
The $540 million Australian Business Growth Fund provides patient equity funding to growing small and medium-sized businesses, ensuring they have the access to the capital they need to grow. The Commonwealth Government is a shareholder in the Fund, alongside ANZ, the Commonwealth Bank, the National Australia Bank, Westpac, HSBC and Macquarie.
The Government thanks Former Chair Will Hodgman for his contribution during the formative stages of the Fund’s development, and wishes him well in his future endeavours.