Trinity Property Group (Trinity) has strengthened its fund management foundation by appointing two former QIC global real estate heads to top positions.
The diversified listed property group has appointed former QIC head of global real estate Laurie Brindle as chief executive and former QIC deputy head of global real estate Steven Leigh to the position of deputy chief executive.
"These milestone appointments represent an important step in the evolution of our business as we refocus on our core strengths and implement vital capital management initiatives to enhance shareholder value, investor returns and ensure a sustainable future," Trinity chairman Keith De Lacy said.
Brindle was QIC's first full-time employee and has been with the institutional fund manager since 1988. He headed a team of 150 people and oversaw more than $9 billion of real estate funds under management.
Leigh had been with QIC for 18 years and was responsible for all Australian real estate funds management and all QIC real estate operations.
At Trinity, Leigh and Brindle will focus on identifying and buying quality properties to manage and redevelop. The pair will also implement capital management initiatives to reduce gearing and corporate costs.
"The appointment of two such high-calibre executives recognises the strong fundamentals of Trinity and its highly-focused corporate strategy. Fund management has always been the key driver of Trinity's growth and earnings," De Lacy said.
QIC has promoted Robert Carter to head of global real estate and David Harvey to deputy head of global real estate.
Carter and Harvey will assume their positions over the next month.
