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The Trustee of the MRCF is MRCF Pty Ltd (ACN 125 918 756). The MRCF benefits from an independent Trustee Board, comprising:
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Hon. Alan Stockdale (former treasurer of Victoria and investment advisor at Macquarie Bank) |
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Ross King (Executive Director, Goldman Sachs/JBWere)
Denise Allen (Chairman of Citigroup Asset Management)
Wayne McMaster (Partner, Mallesons Stephen Jaques)
Winsome Hall (Investors Representative) |
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Hon. Alan Stockdale
(former treasurer of Victoria and investment advisor at Macquarie Bank)
Alan has very extensive business and Government experience. Between 1992 and 1999 he was Treasurer and Minister for IT and Multimedia in the Victorian Government. As Minister for IT and Multimedia he led the Government’s programmes to develop the IT sector and also played a part in implementing the Government’s policies to promote development of a biotechnology centre of excellence. As Treasurer, he implemented one of the most far-reaching reform programs in the world, including more than $A30 billion of privatisations, reduced Government debt and restored the finances of Victoria, regaining Victoria’s AAA rating. In 1999, prestigious business magazine “Privatisation International” named him International Privatisation Minister of the Year.
After leaving Government in 1999, Alan worked as an investment banker with Macquarie Bank Ltd. specialising in infrastructure projects in Australia and overseas and developed a career as a company Chairman and Director.
He now sits on the Boards of three ASX-listed companies: he is Chairman of Symex Holdings Ltd. and Senetas Corporation Ltd. and a Director of Mariner Financial Ltd. He is also a Director of public sector debt and asset management corporation, the New South Wales Treasury Corporation and Chairman of the Financial and Energy Exchange Ltd. He has been Federal President of the Liberal Party since early 2008, was Chairman of free-market think-tank, The Institute of Public Affairs, from 2002 until 2008 and was Chairman of medical and drug discovery technology company, Axon Instruments Inc. from 1999 to 2006.
Before entering the Victorian Parliament in 1985 Alan worked in industrial relations for twenty years, as an employer organisation official, corporate manager and as a lawyer.
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Denise Allen (Chairman of Citigroup Asset Management)
Denise Allen has been involved in the financial services industry for over 20 years. She was Managing Director – Asia Pacific ex-Japan for Citigroup Asset Management until the sale of the business to Legg Mason in December 2005. She currently has her own consultancy business, Chelcor Pty Ltd working with local and overseas investment management firms. Ms Allen is on the board of the McFarlane Burnet Institute and is a Trustee Director of AvSuper.
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Ross King (Executive Director, Goldman Sachs/JBWere)
Ross is a Managing Director at Goldman Sachs JBWere where he has spent
the last 16 years providing investment banking and financing advice to both Australian and International companies. He has
worked across numerous product areas including investment banking, equity
sales and research and was made a Partner in 1994. He has also fulfilled senior roles
in both the New York and London offices before returning to Sydney in 2001
as Co-Head of the Healthcare, Consumer & Industrial sectors of the
Investment Banking division. Ross now has responsibility for the Natural Resources division. Mr King was also a director the Garvan Foundation Board until 2008.
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Wayne McMaster (Partner, Mallesons Stephen Jaques)
Wayne McMaster is a partner of the Melbourne Office of Mallesons Stephen Jaques where he specialises in intellectual property, regulatory and technology law, with particular emphasis on the life sciences sector. He has been practising for over 25 years. His practice also includes dispute resolution relating to patents, trade marks and regulatory matters.
Wayne has conducted a number of the leading Australian IP litigation cases over the past 10 years including the first court cases dealing specifically with patentability of medical methods and business methods. Wayne also drafts and negotiates commercial technology agreements with particular emphasis on the pharmaceutical and biotechnology industries as well as for universities and institutes dealing with those industries. He also advises on compliance requirements relating to therapeutic goods.
Wayne is also a member of the commercialisation and research advisory committees of a number of medical institutes.
Wayne's practice also includes traditional patent attorney skills of drafting and prosecution of patent applications in a range of technologies as well as managing international IP portfolios of Australian companies. Wayne has also been used as a patent/licensing expert in a number of court cases both in Australia and in the US.
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Winsome Hall (Investors Representative)
Winsome Hall is a director and trustee director of a number of boards in the financial sector including – Zurich Superannuation Fund, State Super Financial Services Limited and ARIA (Australian Reward Investment Alliance). As with MRCF she is a director of Uniseed as a nominee of the Westscheme superannuation fund. She has previously been a director of Colonial First State Private Capital Limited and the Financial Industry Complaints Scheme. Winsome also writes best practice papers for ASFA the superannuation industry body. Her background includes work as a Director in the Department of the Prime Minister and Cabinet and as the Secretary of the ACT Branch of the Community and Public Sector Union.
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Paul M Cheever
Paul Cheever has worked in the finance and investment industries for over 37 years.
During the 1970s, he was involved with many of the innovative developments in Australia’s financial markets, including the development of the bill market, new underwriting techniques for semi-government authorities, the introduction of promissory notes and currency swaps and the transition to de-regulated markets for government securities. During the 1980’s he held senior finance roles with two top twenty Australian listed companies.
For the past 18 years Paul has had a high profile in the superannuation and investment industry, first as a Director of IPAC Securities Limited, then as Director of Consulting and Managing Director of Frank Russell Australia and followed by the establishment in 1996 of his own business, PlanPerform, a business planning and project management company. In 2000 he joined Access Capital Advisers in order to return to the investment business, where he has dealt with portfolio strategy, risk management, private equity and hedge funds. Paul previously served as Chair of ASFA’s Best Practice Committee.
Paul has been heavily involved in venture capital on behalf of Access Capital Advisers’ clients over the past 8 years, evaluating venture managers, designing and executing a venture co-investment program and building commercialisation relationships. He is recognised as the designer of today’s new Commercialisation Funds.
Paul holds a Bachelor of Science degree from Washington & Lee University, a Master of Business Administration from the University of Michigan and is a Fellow of FINSIA.
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