QIC has hired Hazel McNeilage as its head of funds management.
McNeilage will oversee the implementation of QIC's investment strategy and asset management business, including the management of the firm's boutique businesses.
McNeilage previously worked for Principal Global Investors in New York, overseeing the client business worth $215 billion in assets.
She has more than 25 years of experience in global investment management, including a 14-year stint with Towers Perrin.
"Hazel has strong experience in managing a multi-boutique investment structure and a proven track record in growing institutional asset management businesses," QIC chief executive Doug McTaggart said.
The decision to hire a head of funds management follows the overhaul of the business in August, when the firm established a number of investment boutiques.
"QIC is extremely pleased to have attracted a person of Hazel's reputation and expertise," McTaggart said.
McNeilage will begin her job in January 2010.
