QIC appoints managing director of global real estate

QIC, a Brisbane-based global diversified alternative investment firm, has appointed Michael O’Brien as the new managing director of global real estate (QIC GRE).

O’Brien’s appointment fills the vacancy created by the retirement of founding QIC GRE team member and long-term managing director Steve Leigh, announced in 2018.

Announcing the appointment, QIC CEO Damien Frawley said, “Michael has a distinguished, 30-year real estate career and an impressive record of accomplishment in shopping center management and development, real estate funds management and finance. His leadership qualities and market acumen will ensure that our real estate platform continues to deliver strong investment returns, building on the outstanding track record of Steve Leigh and QIC GRE.”

O’Brien is currently CFO and former CIO of Vicinity Centres, Australia’s second-largest listed manager of retail property, with responsibility for the investment strategy for an integrated