Raphael Arndt to Step Down as CEO of Australia's Future Fund

Raphael Arndt, the longest-serving chief executive in the history of Australia's sovereign wealth fund, Future Fund, will step down at the end of the year. During his six-year tenure as CEO, Arndt oversaw the growth of the fund's total assets under management to A$356 billion. The fund has not yet named a successor. The announcement also noted other leadership changes in the APAC real estate industry, including new chief executives at Mapletree Industrial Trust Management and ESR Data Centres.