Friday 14 June, 2019

NASFUND Board appoints new Chairman.

NASFUND Board appoints new Chairman.

The NASFUND Board has appointed a new Chairman.
Mr Charles Vee replaced Mr Hulala Tokome who retired as Chairman on the 31st May 2019. Mr Tokome remains a director for another year and will assist Mr Vee with the transition process including the on boarding of three new independent directors expected to join the Board in 2020.
Mr Vee joined the Board in 2016 as an Independent Director. Before his appointment Mr Vee served as Deputy Chairman and Chair of the Remuneration and Nomination Committee.
Mr Vee is a Registered Architect by profession and holds a Bachelor of Architecture from the PNG University of Technology and a Masters in Project Management-Majoring in Property Development from the Queensland University of Technology.
Mr Vee is also a Graduate of the Australian Institute of Company Directors and a professional Member of the PNG Institute of Directors.
In accepting his appointment Mr Vee thanked the NASFUND Directors for their confidence in him to lead the Fund as Chairman. 
Mr Vee paid tribute to outgoing Chairman Hulala Tokome and said “Under Mr Tokome’s stewardship and guidance, a greater focus was placed on enhancing member services and strengthening our processes in the monitoring and evaluation of our investment portfolio. NASFUND today is a K 5 billion fund serving over 600,000 members. We also changed Fund Administrators in 2017 and appointed a new licenced investment manager in 2018 to meet our aspirations as the first choice provider of superannuation services. We have also commenced our 5 year Strategy for 2019-2023 which we had put in place mid last year which will enhance the value of our members’ savings for the future. The Board and I, supported by the management and staff intend to build on the good work started under Mr Tokome’s watch as we take the Fund into the future for the best interest of our members”.

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