Jeffrey Whalan

Non-Executive Chairman

Jeffrey is managing director of WHON Pty Ltd. Jeffrey is also an Independent Director of Global Resource Masters Fund Limited, a company whose portfolio is managed by the Manager. He was a senior executive officer in the Australian Public Service from 1990 to 2008.

Jeffrey was appointed an Officer in the Order of Australia in 2008 for his work as chief executive officer of Centrelink. Among other things, the award recognised his achievements in ‘the development of corporate accountability processes’.

Jeffrey is a Fellow of the Australian Institute of Company Directors and a Fellow of the Australian Institute of Management. He is also the chair of the Code Compliance Committee which monitors compliance with the mutual Banking Code of Practice.

Jeffrey has been the chief executive officer of Centrelink, the largest agency of the Australian Public Service, responsible for $70 billion of government outlays and 27,000 staff. Prior to this he was chief executive officer of Medicare Australia.

Jeffrey has held Deputy Secretary positions in the department of Prime Minister and Cabinet, the department of Defence and the then department of Family and Community Services. He has also held senior executive positions in the department of Transport and the department of Health.



Non-Executive Director

Josephine is currently founding member, COO and CFO of Sandown Bay Resource Capital, a London based mining private equity fund focused on turnaround investments in the junior mining sector. She is responsible for designing the investment process, governance structure, operation and compliance framework of the fund, as well as overseeing risk management, financial reporting and regulatory compliance.

Prior to her role at Sandown Bay, Josephine was a senior investment banker for UBS AG in both Melbourne and London. During her ten years at UBS she worked across various teams and industry sectors, including as part of the Australian Resources Group, the European Energy Group and the Global Industrials Group. Prior to this, she commenced her career at the Boston Consulting Group in Melbourne.

Josephine holds a Bachelor of Commerce, majoring in Accounting and Finance and a Bachelor of Science, majoring in Computer Science and Statistics from the University of Melbourne.


Maximilian Walsh

AM, BEc (Sydney)
Non-Executive Director

Max is regarded as one of Australia’s leading economists and business journalists. He has specialised experience in the areas of business, economics and politics in a journalistic career spanning nearly 50 years.

Amongst numerous previous executive roles, Max was editor and managing editor of The Australian Financial Review and Editor-in-Chief of The Bulletin. He also served on the board of Northern Star TV (predecessor to Channel Ten).

Max is currently Deputy Chairman of Dixon Advisory & Superannuation Services Limited. He is Chairman of Australian Masters Yield Funds 1-3 and the Australian Masters Corporate Bond Fund Series, and serves as a Director of Asian Masters Fund Limited and Non Executive Chairman of Global Resource Masters Fund Limited.

Max sits on the advisory board of Emerging Markets Masters Fund and US Select Private Opportunities Fund II.

  Alex MacLachlan (Manager)

BA (Cornell,) MBA (Wharton)
Managing Director, CEO  – Funds Management, Dixon Advisory

Alex MacLachlan is currently Chairman of the responsible entity for Emerging Markets Masters Fund, Australian Property Opportunities Fund Fund I & II, US Masters Residential Property Fund and US Select Private Opportunities Fund I & II and Managing Director of Global Resource Masters Fund Limited and the Fund. Alex also serves as a director of the Australian Masters Yield Fund Series, the Australian Masters Corporate Bond Fund Series and Asian Masters Fund Limited.

Before joining Dixon Advisory, Alex was an investment banker specialising in the natural resources sector, most recently serving as Head of Energy, Australasia, for UBS AG in Sydney and prior to that as an investment banker at Credit Suisse First Boston. During his career as an investment banker, Alex advised many of Australia’s and the world’s leading natural resources companies, working with over 30 companies on more than $100 billion in announced mergers and acquisitions and capital markets transactions. Before specialising in natural resources investment banking, Alex worked in the Japanese Government Bond derivatives markets in London, New York and Sydney.

Alex has a Bachelor of Arts from Cornell University and a Master of Business Administration from The Wharton School, University of Pennsylvania.


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