QIC has announced the appointment of Kylie Rampa as its new CEO, replacing outgoing CEO Damien Frawley who will retire next year.
Ms Rampa has been with Lendlease since 2013 and is currently group head of investments and a member of Lendlease’s global leadership team and global investment committee.
She has more than 25 years of experience in investment management including 13 years at Macquarie and has also held various roles at AMP, Gandel Group and Schroders.
“The board is confident Ms Rampa’s strong experience in managing large and complex businesses, coupled with her investment and capital management acumen, will ensure QIC continues to deliver strong performance for its clients,” said QIC chair Ian Martin.
“Her expertise spans private markets, particularly real estate, and private and public capital markets, real estate development, asset management, mergers and acquisitions, business strategy and operations.”
Ms Rampa’s appointment follows a four-month global recruitment process led by Egon Zehnder which included “a very strong field of internal and external candidates”, according to Mr Martin.
“Ms Rampa will continue to drive the board-endorsed strategy across QIC’s investment capabilities – with our core objective of being client-led in all that we do,” he said.
Mr Frawley will remain as CEO until Ms Rampa commences the role in April 2022.
“I am very proud to be appointed CEO and I want to acknowledge the tremendous work of Damien Frawley who has led a team of specialists who have added significant value for clients via QIC’s investment capabilities,” said Ms Rampa.
“Together with the QIC Board, the executive team and all QIC’s employees, I am excited to lead an organisation that is focused on delivering strong investment performance for QIC’s government, domestic and global institutional clients in a complex operating landscape.”
Jon Bragg
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.
