Queensland state government-owned QIC, a specialist manager in alternatives, has appointed a new chair, with his predecessor leaving after fiver years.
Don Luke is stepping down from the role, with Ian Martin to replace him.
Mr Martin is also the chairman of UniSuper.
He has worked in the investment management, superannuation, investment banking and financial services sectors for more than 30 years, holding varied roles including CEO, director and chairman.
“Mr Martin is a high-calibre chair and executive with a long and successful career in financial services,” Damien Crawley, chief executive of QIC, said.
“He is well versed across a number of our asset classes, and I look forward to working with him.”
Mr Crawley added that outgoing chair Mr Luke had been instrumental to QIC’s growth.
“Under Don’s leadership, all financial measures have improved considerably and investment performance has remained strong,” he said.
“Highlights include the $2.35 billion fundraise for an infrastructure fund and expanding our operations in Australia and the US.”
Mr Martin commented: “I’ve long admired QIC as a leader in the alternatives space and as one of Australia’s largest institutional investment managers.
“I’m delighted to join such a high-quality business, and look forward to working with the exceptional leadership team to continue QIC’s long-standing contribution to the economy.”
Mr Martin is also chairman of Sydney’s Wayside Chapel Foundation and was appointed a member of the OAM in the Australia Day Honours 2014 list.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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