Commonwealth Managed Investments names Peter Hay as director

He joined the board with an extensive background and breadth of experience in business, corporate governance, finance and investment banking which will be invaluable to the group.

Commonwealth Managed Investments announced the appointment of Peter Hay as independent non-executive director.

Mr Hay, 64, has a strong background and breadth of experience in business, corporate governance, finance and investment banking advisory work, with a particular expertise in relation to mergers and acquisitions. Mr Hay was a partner of the legal firm Freehills until 2005, where he served as CEO from 2000. Mr Hay has also had significant involvement in advising governments and government-owned enterprises, according to a Commonwealth Managed Investments report.

Mr Hay's current listed directorships are chairman of Newcrest Mining Limited and director of GUD Holdings Limited. Prior directorships include chair of Lazard Pty Limited Advisory Board: director of Myer Holdings Limited; director of Australia and New Zealand Banking Group Limited; director of Alumina Limited; director of NBN Co Limited; director of Pacifica Group Limited; and director of Lazard Pty Limited. Mr Hay is a director of both Landcare Australia and Australian Institute of Company Directors where he is also a fellow, and has been a member of the Australian Government Takeovers Panel since 2009.