Peter Costello served as the Treasurer of Australia in the Howard Government from 1996 to 2007. He is the longest-serving Treasurer in Australia's history. He delivered twelve federal budgets including ten surpluses. During this period Australia’s Sovereign Credit Rating was updated twice to its current AAA rating.

Mr Costello set up Australia’s system of financial regulation by establishing the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC). He also established the Takeovers Panel.

In 2006, after Government debt was eliminated in net terms, Mr Costello established the Australian Future Fund. From its original deposit, the Future Fund has grown to hold around $160 billion in assets.

Mr Costello has served on the IMF Committee, as a World Bank Governor and as Chairman of the Global Group of 20 Finance Ministers & Central Bankers (G-20).

Mr Costello began his career as a lawyer. After leaving politics in 2009, Mr Costello joined a number of international and domestic boards including the Independent Advisory Board to the World Bank which he Chaired.

Mr Costello is currently Chairman of the Future Fund. He is also Chairman of the Nine Entertainment Corporation.