The two, Susan MacDonald and Brett Himbury, are part of new management of the Government-owned investment manager with chief executive Damien Frawley to retire later this year, to be replaced by Kylie Rampa.

The new directors replace Stephen Dunne and Patrice Derrington who completed their terms as directors.

QIC said MacDonald was an experienced real estate investment executive with more than 35 years of experience in Australia, the US, the UK and Europe.

She was head of retail at Mirvac until 2020 and previously held leadership roles with Lend Lease, AMP Capital, and Galileo Funds Management. MacDonald was also a non-executive director of Cbus Property and Landcom. 

Himbury joins QIC with experience including 15 years as chief executive of IFM Investors, one of Australia’s largest institutional investors. His other board appointments include with the European Australian Business Council and Pacific Hydro. Himbury is a member of the QIC’s HR and Remuneration Committee. 

QIC chair Ian Martin welcomed the additional experience on the board during this period of growth for the firm.

“Susan and Brett bring a wealth of knowledge in core areas of our business and I look forward to working with them as QIC builds on its recent achievements on behalf of our clients and stakeholders.”