IFM appoints financial services pro to its board

Australian asset manager IFM Investors has added a new member to its board of directors with the appointment of Carol Gray, who has more than three decades of experience in the financial services and financial technology sectors.

Currently a director on the boards of American Express Bank of Canada, Infrastructure Ontario and Land Corporation, Gray’s most recent executive role was that of president and general manager of Equifax Canada.

During her tenure at the credit agency, she “successfully led the company through the global financial crisis, introducing new data solutions and revenue streams with a diversified portfolio of risk management products,” IFM said in a statement on Wednesday.

“Carol has served on numerous boards throughout her career and her depth of knowledge across the financial sector means she is widely regarded as a strong leader in the industry,” IFM chair Garry Weaven said.

Gray, who will be based in Canada, is filling a new seat on the board, a spokesperson for IFM told Infrastructure Investor.

Her appointment, which is effective 1 June, also reflects the firm’s significant global growth, according to the statement.

The Melbourne-based firm has made a number of appointments in the last month, most recently naming Chris Newton to the newly-created position of executive director for responsible investment. It also named Alex Joiner chief economist, Rich Randall global head of debt investments and Brad Vann independent chair of the Australian Infrastructure Fund Investor Advisory Committee.