Millinium's Utilities Fund (Advisory Board, Investment Committee)
Our Advisory Board
The Advisory Board comprises individuals who are not employees or directors of the Trustee and whose role is to identify investment opportunities and strategies for the Fund. The Advisory Board comprises the following parties:
Chairperson: Mr Keith DeLacy - Hon Keith De Lacy AM Hon DLitt DUniv BA QDA FAICD FAIM
Keith De Lacy is one of Queensland’s most prominent company directors and public figures. He is Chairman of Macarthur Coal, the Cubbie Group and Nimrod Resources, and is a Director of Queensland Energy Resources and the Reef Casino in Cairns. He has served on a whole range of other corporate and not-for-profit boards over the years. He is Vice President of the Queensland Division of the Australian Institute of Company Directors (AICD) and a Fellow of the Australian Institute of Management (“AIM”). He was Treasurer of Queensland from 1989 to 1996. For services to Queensland he has been awarded a Member of the Order of Australia (“AM”), honorary doctorates from both James Cook and Central Queensland universities, the University of Queensland Gatton Gold Medal, and the Centenary Medal.
Member: Mr John Allpass – Mr Allpass currently holds a number of directorships including Chairman of Envestra Limited, Director of BrisConnections Management Company Ltd and Director of BUPA Australia Group including MBF Australia Pty Ltd. Some of Mr Allpass’s past corporate appointments have included being a Director of Macquarie Bank Limited from 1994 until 2007 and Queensland Investment Corporation from 1991 to 2008. Mr Allpass is a Chartered Accountant and has 32 years experience in the accounting profession. He was Managing Partner of KPMG’s Queensland practice for nine years until 1993. He was also a member of the KPMG National Board. Mr Allpass has sat on various committees involved in risk management, audit and governance and investment matters. Mr John Allpass was awarded the AICD Queensland Gold Medal Award in recognition as a Company Director in 2007.
Member: Mr Mark Gray – Mr Gray sits on both the Advisory Board and is the Chairman of the Investment Committee to ensure the Advisory Board has a direct conduit into the outcomes of the Fund’s investments. Please refer to Mr Gray’s experience below.
Investment Committee
The Investment Committee assesses, approves and monitors Fund investments. The Investment Committee is appointed by the Trustee under Terms of Reference and comprises individuals who are not employees or directors of the Trustee. The Investment Committee will have no dealing with the borrower when an application is being assessed for approval. The Investment Committee comprises the following parties:
Chairperson: Mr Mark Gray - Mr Gray is an executive director of BDO Kendalls (Queensland) and former Division
Director, Macquarie Capital Advisors and Head of the Queensland Office of Macquarie Limited. He joined Macquarie Group (formerly Macquarie Bank) in July 2000 after a career of 27 years in government, most recently in the position of Deputy Under Treasurer with the Queensland Government. He is an Adjunct Professor of Economics at the University of Queensland.
Member: Mr Jim Cossart - Mr Cossart is a specialist consultant with over 30 years experience within the
commercial and corporate banking, financial services and property finance sectors. Mr Cossart has substantial operating experience across all the industry sectors including retail, office, commercial, industrial, tourism and residential. He also has extensive experience in all aspects of management and held numerous company directorships formerly representing Macquarie Bank Limited. He has direct and specific loan management and workout experience in property, corporate and business matters including high level credit roles at credit committee level. Mr Cossart holds a Bachelor of Business degree and is a past lecturer at the Financial Services Institute of Australia.
Member: Mr John Corbett - Mr Corbett has over 20 years experience in arranging and structuring large-scale financing solutions ($50 million to $3 billion) for project financed assets, social and economic infrastructure transactions and complex business operations. Mr Corbett’s infrastructure experience extends across airports, ports, toll roads, gas-fired power stations, renewable energy transactions (wind and hydro), community and student accommodation, coal seam methane gas production, regulated energy transmission and remote site power generation for both Government and private instrumentalities. Mr Corbett is currently the Secretary & Deputy Chair of the Infrastructure Association of Queensland, holds a Masters Degree of Business (in Applied Finance) and Bachelor of Business (Accountancy).
Disclaimer: © The Fund is issued by Millinium Capital Managers Limited, ABN 32 111 283 357. AFSL No. 284336. This document does not constitute personal advice and investors should consider obtaining professional advice as to whether this financial product suits their objectives, financial situation or needs. Investing in the Fund can only be made by completing an application form accompanying the Fund’s Information Memorandum (“IM”) for acceptance and issue of units in the Fund. Investors may register to obtain an IM for the Fund with our Brisbane office by calling on 07 3004 8888. Please consider the relevant IM before investing. This document may be amended, withdrawn or replaced without notice. If this document is made available on our website Milliniumcapital.com.au, please consider our Terms of Use for full website details and disclaimers. (1) The Trustee may, in its absolute discretion, accept more or less commitments. (2) The Trustee may, in its discretion, accept less commitments. (3) Return of capital or income is not guaranteed. ^We may change an investment manager(s) during the term of the Fund. #See the IM for full details of the Fees, terms for payment and transactional expenses or the Fund. +Vianova Asset Management Pty Limited is partly owned by Australian Unity’s Funds Management Limited ABN 60 071 497 115. AFSL 234454 (“Australian Unity”). The Trustee, Australian Unity, their officers, personnel and agents excludes any liability or loss in reliance of this document for any investment. Investors should refer to the IM for full details before making any investment.