Bracks to quit Cbus for govt role

By a staff reporter, with AAP

Former Victorian Premier Steve Bracks is set to resign from his position as chairman of superannuation fund Cbus, to take up a role with the Gillard government.

Mr Bracks has been appointed as Australia's new consul-general to New York.

Foreign Minister Bob Carr has announced Mr Bracks will take up the plum posting, replacing respected businessman Phillip Scanlan, in September.

Announcing the move, Senator Carr – himself a former Labor state premier – emphasised Mr Bracks' business credentials.

"The consulate-general actively promotes Australia's interests in influential business, media, political, educational and cultural circles," he said.

It liaised closely with New York's financial sector representatives to promote Australia's financial services sector and worked to deepen two-way investment and commercial links, including through the Australia-United States Free Trade Agreement, he said.

Mr Bracks was elected to the Victorian parliament in 1994 and served as premier from 1999 until 2007.

He now holds several honorary positions, including adviser to the Prime Minister of East Timor Xanana Gusmao and director of the Bionics Institute of Australia Board.

He is also honorary chair for the Centre for Dialogue at La Trobe University, the John Button Foundation and The Union Education Foundation.

He is chairman of the Industry Superannuation Network, a director of Jardine Lloyd Thompson Australia, a non-executive director of the Bank of Sydney and a member of the National Australia Bank's Philanthropic Board.

Last year, Senator Carr appointed former South Australian premier Mike Rann as the nation's high commissioner to London.

Cbus chief executive David Atkin said Mr Bracks joined the Board as Chair in early 2009 when the Global Financial Crisis dominated economic and financial conversation.  

“Under Steve’s leadership the fund has come though this period of uncertainty with a successful and sustained emphasis on creating long term value for members,” Mr Atkin said.

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It's on, jobs for maates before the trough is locked
Bracks is totally unsuited for this position....he trained as a teacher, and then worked for Kirner alongside Gillard before getting into parliament, his attitude is one of he wont rock the boat, simply cos he isnt bright enough to know how, one always got the feeling when talking to him that he was about to bow down and touch his forelock before he spoke. Its time we selected talented folk for these sort of jobs, not party hacks looking for a holiday at tax payers expense.
Another job for the boys of the labour party. Bracks failed as a premier and is totally unsuitable for the position. Carr is placing has been's in plum positions with Rann in London and now Bracks in New York. No doubt Carr believes he is doing a good job having fallen from grace after wrecking NSW and then finding his way into the Federal arena via a casual appointment. He is now so arrogant and living off the Australian taxpayers flying first class around the world with his wife. What a dud.
Agree. Carr was a disaster for NSW and now a disaster for us as Foreign Minister. Labour just do not learn but they do think that we are idiots.
Carr is a joke and he knows it.
Another plum job for another failed Labor hack. When I think of what embarassments the likes of Carr, Rann and Bracks were in government, I hate to think of the impression foreignors have of us if that's the type we promote to represent us.