 Former Federal Presidents include former Father of the Australian House of Representatives and NSW Liberals State President Philip Ruddock, former Chief Economist for Bank of America Merrill Lynch Saul Eslake, Businessman Mark Birrell, and current Minister for Foreign Affairs Marise Payne.The organisation is a founding member of the International Young Democrat Union.The Young Liberal Movement was formed on 12 December 1945 following the official inauguration of the Liberal Party on 31 October of the same year.