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New QIC boss well suited to play key role in Olympic legacy

Business

Queensland Investment Corporation has appointed a Lendlease executive to take over the role of retiring chief executive Damien Frawley.

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Queenslander Kylie Rampa will take on the role from April next year and Treasurer Cameron Dick said her experience in some of the biggest developments in Australia would be key in the run-up to the 2032 Olympics.

“There are opportunities to transform precincts like Roma Street and the Gabba to create a legacy from the Games and under Kylie’s leadership QIC will make a significant contribution to achieving this,” the Treasurer said.

He said Rampa was the only Queensland woman to head a major Australian investment manager.

Rampa has worked for the likes of Macquarie and AMP and has been Lendlease group head of investments and chief executive of Lendlease Property Australia.

The Treasurer said attracting Rampa to the job showed QIC was held in high regard.

He also paid tribute to the outgoing Frawley for his nine years in the job which included last year’s record $6.7 billion in investment returns for the Government.

 

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