"Virginia and Kylie will bring strong leadership credentials and a wealth of financial expertise and experience to the icare Board," Mr Robertson said.
"Kylie brings a specialisation in investment management to the icare Board and a passion for organisational health, recognising the importance of good governance and a strong culture.
"Kylie is a seasoned financial services executive with over 27 years of experience across public and private sector organisations. She is currently Partner and Chief Investment Officer for Mercer Australia and previously, spent 17 years at NSW Treasury Corporation (TCorp) and was a key part of the evolution of TCorp's investment function.
"She holds a master's degree in Applied Finance from Macquarie University, is a Certified Investment Management Analyst (CIMA), has served as a Director of the CIMA Society of Australia and has also been a member of the Investment and Wealth Institute's Global Certification Commission."
These latest board appointments continue icare's focus on strengthening the board's experience and expertise with respect to the organisation’s management of the Nominal Insurer and the financial stability of the workers compensation scheme.
This builds on the work being undertaken to reform the organisation, deliver on community expectations and provide better services to injured people when they are at their most vulnerable.
Ms Malley has 35 years of experience in the financial services sector, including more than 20 years as a company director. Her areas of expertise are corporate governance, regulatory compliance, risk management and environmental markets.
"Virginia Malley brings a deep and broad investment management experience in the financial services sector and advanced, governance capabilities reflective of her service on the Boards of Commonwealth and NSW Government agencies and significant private sector investment and superannuation companies including Macquarie Funds Management and Perpetual," Mr Robertson said.
"Virginia's focus on stewardship, overseeing the establishment, growth, and protection of multi-billion-dollar investments and natural capital portfolios, included responsibility for designing and implementing sustainable and robust stakeholder-focused investment risk management and governance frameworks.
"She holds master's degrees in law and finance and has developed a strong reputation in industry conduct regulation."
The most recent appointments follow the additions of John Walsh AM and Michael Cameron at the end of last year who brought significant financial acumen and experience in workers compensation and claims management to the icare Board.
Ms Willment and Ms Malley were appointed to the icare Board on 16 August 2021.