The Investment and Financial Services Association has appointed two new members to its 14-person board. Franklin Templeton Investments MD Maria Wilton and Colonial First State Investments CEO Brian Bissaker replace Queensland Investment Corporation CEO Doug McTaggart and UBS Global Asset Management CEO Colin Woods.

Perpetual MD David Deverall – already a long-standing board member – was elected joint deputy chairman. He will work alongside Vanguard Investments MD Jeremy Duffield and IFSA Chairman Craig Dunn, MD of AMP Financial Services.