Centuria Bass, Plenary appoint chiefs
In his 20th year with Plenary Group, Paul Crowe has been appointed chief executive officer.
As part of a planned succession process, the businessman will replace David Lemming who held the role with the Melbourne based investor, developer and infrastructure manager, five years.
The move takes effect July 1.
Mr Lemming will retain roles as a member of the group board, chair of the Plenary Middle East and as board member of the UK and Europe businesses.
Biggest year planned: Crowe
Mr Crowe began with the company as an associate.
The company participates in public-private partnerships, local development, and asset management, with some c$59b of product controlled globally.
“It is an hour to lead this brilliant business into its next phase,” the executive said.
“The next 12 months in particular are likely to be some of the busiest in Plenary’s history with a strong pipeline for the core infrastructure business and property pursuits in all our markets around the world,” he added.
“Our partnership with global investor ADQ has provided significant capital to grow our business in established and new markets across Asia Pacific, the Middle East, the UK and Europe,” according to the businessman (story continues below).
Plenary chair Paul Oppenheim said the executive “has been at the forefront of Plenary’s growth, having led our origination function and driven our successful expansion”.
Centuria Bass appoints chief
Meanwhile Centuria Bass Credit has appointed David Stone managing director – Origination.
The executive – a real estate lending veteran having held senior positions with Bathla, CBA, St George and ING as well as boutique borrowers, and with a loan book previously of c$1 billion – will begin April 29.
He will be responsible for loan origination across Centuria Bass’ operations.
Deputy chief David Giffin, said, “we are proud to welcome David to the Centuria Bass fold as the company continues to expand its market share within the private real estate lending sector”.
Centuria Bass was established in 2016 allowing wholesale investors to back secured private credit loans.
As at 31 December 2024, its assets under management were valued at c$2.3 billion, up 21pc in six months, a spokesperson for the group said.
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