Queensland Investment Corporation has appointed Kylie Rampa – who was raised in the state – as chief executive officer.
Ending a four month search, the executive will replace ex-Blackrock Australia head and rugby league player Damien Frawley who is retiring after nine years.
Sydney based Ms Rampa will move from Lendlease, where it is speculated she was overlooked for two recent senior appointments – Group Chief, which went to Tony Lombardo, and Asia chief executive officer (Justin Gabbani).
The executive has also held senior positions at AMP, Gandel Group, Macquarie and Schroders.
QIC – a state owned fund manager now with c$90 billion of national product under management – turned 30 in June.
New chapter for QIC
QIC chair Ian Martin said Ms Rampa will take over the role in April.
“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,” the executive said (story continues below).
“Ms Rampa has more than 25 years experience in investment management, particularly in real estate investing,” he added.
“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”.
Internal and external candidates were considered for the position.
“I am very pleased to be appointed chief executive officer and 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,” Ms Rampa said.
“QIC has a strong reputation for delivering sustainable risk-adjusted returns for its commercial and government clients supported by a robust culture that fosters transparency, excellence, diversity and state governance,” she added.
“Together with the QIC Board, executive management team and all QIC’s employees, I am excited to lead an organisation that is focused on delivering strong investment performance,” according to the executive.
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