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Credit Union exec tapped for board role

Adelaide fund manager Capital Prudential has appointed Credit Union Chief Financial Officer Tim Foster as a Non-Executive Director.

Foster, who recently moved back to Adelaide after eight years with Qatar’s sovereign wealth fund, was appointed Credit Union CFO in May this year.

Prior to his move to Doha in 2014, Foster worked in Sydney as CFO for property group Stockland and former banking and insurance group HBOS Australia. He also worked with investment firms Challenger Limited and Colonial First State.

His new board role with Capital Prudential is currently his only listed directorship.

Capital Prudential’s fund is only opened to sophisticated and wholesale investors. The firm says it has 74 properties under development worth an estimated $112.8 million and have secured land for an additional 64 properties worth an estimated $126 million.


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