“We could not be more grateful for the visionary leadership of Simon Mordant during his tenure as chairman over the past 10 years,” Macgregor said.

Tarabay, who was a senior investment banker in Sydney and New York and owns a significant collection of international contemporary art, has led MCA committees and is a member of Tate’s International Council and the Venice Council for Australia’s representation at the Venice Biennale.

The Point Piper resident has also been appointed to lead the MCA’s new “social impact through art fund” which aims to attract philanthropic backers for creative learning programs for children and families.

Mordant will move into the new role of “international ambassador”, a position Macgregor said “will help the museum to enhance its connections in the international arts community, something that is going to be even more essential in the post-crisis climate”.

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