The National Reconstruction Fund Corporation (NRFC) is pleased to announce the appointment of David Gall as its Chief Executive Officer.
David brings significant experience to the role, with a successful 35-year career that spans corporate, commercial, and retail banking. He spent 16 years at National Australia Bank (NAB), including as Group Executive for Corporate and Institutional Banking, where he managed the bank’s relationships with large corporations, financial institutions, and government entities. Prior to that, he served as NAB’s Chief Risk Officer. His outstanding contribution to the financial services sector is demonstrated by four years as President of FINSIA (the Financial Services Institute of Australasia).
David’s strong vision for Australian manufacturing and passion for rebuilding Australia’s industrial capability make him the ideal candidate for the role. He is excited by the opportunity at the NRFC to drive investment in projects that create unique capabilities in Australia and will deliver significant value to our economy.
David’s appointment comes as the NRFC announces its first investments and implements its strategy across priority sectors. He will begin the role effective today.
Quotes attributable to Martijn Wilder AM Chair of the NRFC:
"David has impressed us with his strong commitment to supporting Australian industries and creating long-term economic opportunities. His depth of experience, and strategic vision make him the ideal executive to lead the work of the NRFC to deliver investments that will shape the future of Australian industry."
"With his deep expertise in industry, finance and strategic leadership, David is well-equipped to deliver on the NRFC’s mandate to invest in innovative projects that strengthen the nation’s industrial base."
Quotes attributable to David Gall, CEO of the NRFC:
"The NRFC represents an exciting opportunity to help Australia achieve a more sustainable and diversified economy. I’m honoured to have the opportunity to lead the NRFC at this important stage of its growth."
"I believe in the power of strategic investment to create value, drive innovation, and rebuild the industrial capabilities that are vital for Australia’s future."
"My experience managing relationships across corporate, institutional, and government sectors has given me a deep understanding of the collaboration required to achieve impactful outcomes."
"I look forward to working with the Board, our talented team, and stakeholders to deliver investments that drive economic growth and create jobs in key sectors."
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Media contact: media@nrf.gov.au
About the National Reconstruction Fund Corporation (NRFC)
The NRFC invests to diversify and transform Australia’s industry and economy. It has $15 billion to invest using direct loans, equity investments and loan guarantees. The NRFC can invest in seven priority areas including value-add in resources; transport; medical science; defence capability; renewables and low emission technologies; value-add in agriculture, forestry and fisheries; and enabling capabilities.
The NRFC’s role is to invest in Australian businesses and projects that design, refine and make to transform capability, grow jobs and a skilled workforce, and diversify our economy. The NRFC is a corporate Commonwealth entity, established by the National Reconstruction Fund Corporation Act 2023 (NRFC Act) in September 2023.
For more information, visit nrf.gov.au