We were born with one objective ‒ to deliver investment outcomes for our clients. Created in 1991 by the Queensland Government to serve its long term investment responsibilities, we have the heritage and insights to meet our clients’ outcomes.
Predictability has built our reputation. It’s in our DNA, embedded in our asset classes and delivered in our returns. It's why over A$77* billion dollars of people's dreams are entrusted with us. We focus on our clients and their clients, first, last and only. By going beyond the predictable we can deliver our clients with security, reliability ‒ predictability.
With around A$11 billion* invested in Australian and international retail and office assets, we have developed a reputation for delivering predictable outcomes for clients over the long term. Our team has true depth of experience from deal origination and execution to asset management, leasing, marketing and development.
As QIC's Chief Executive, Damien leads the Executive Committee to achieve QIC's strategic and business objectives.
Damien has over 26 years’ experience in the financial services sector. He has a strong focus on developing and executing strategy, particularly around growth and sales. Most recently, Damien was the country head of BlackRock Australia, responsible for managing $45 billion of assets on behalf of clients. Prior to this, Damien was BlackRock’s Head of Account Management, overseeing sales, marketing and product efforts across institutional and retail channels. Damien’s career has also included roles at Merrill Lynch Investment Management, Barclays Global Investors and Citibank.
Damien is a Queenslander and prior to his career in financial services he represented Australia in rugby union.
In Sept 2013, QIC Global Real Estate, the real estate arm of Australia-based QIC, entered into a partnership with Forest City on eight US malls. The deal brings QIC GRE a 49% equity interest in the properties at a cost of $435.6 million, with the portfolio valued at $2.05 billion. The eight properties include: Victoria Gardens in Rancho Cucamonga, CA; Charleston Town Center in Charleston, WV; Mall at Robinson near Pittsburgh, PA; Promenade in Temecula, CA; Galleria at Sunset in Henderson, NV; Antelope Valley Mall in Palmdale, CA; Short Pump Town Center in Richmond, VA; and South Bay Galleria in Redondo Beach, CA. Collarmele Partners will be assisting Forest City in the leasing of the properties.
Collarmele Partners entered into an investment partnership with Kohlberg Kravis Roberts & Co. to acquire the 1.5M sq.ft. Yorktown Center in Lombard, IL. and the 1.2M sq. ft. Colonie Center in Albany NY. YTC Pacific, a partnership between, Collarmele Partners, Pacific Retail Capital Partners and Continuum Partners will manage the day-to-day operations of Yorktown and is an investor in the transactions.
In 2012 we entered into a partnership with a local Panamanian developer on a new ground up 1.1M sq. ft. enclosed regional shopping center in Panama City, Panama. Collarmele Partners is currently working on the masterplanning, development, and leasing coordination for the center scheduled to open Spring 2015.
In 2011 we were named a "Preferred Developer" for Jared The Galleria of Jewelry, a division of Sterling Jewelers. The new Jared store at The Cove in Aventura FL opened Sept 2012
In 2009 we acquired West Oaks Mall in Houston Texas in a partnership with Pacific Retail Capital Partners and Square Mile Capital.
* Equity Investor
* Architecture and Design
* Management and Operations
* Tenant Representation
QICHead of US Operations
July 2012 – Present (2 years)United States
QIC is a leading provider of dynamic investment solutions for sovereign wealth funds, superannuation funds and other institutional investors. Established in 1991 by the Queensland Government to manage its long-term investments, we have grown to be the third largest institutional investment manager in Australia, with more than 90 local and international clients and $74.3 billion* in funds under management. With a strong foundation in Australia, our global presence also extends to Asia, Europe and the United States.
Our heritage as a government owned corporation has contributed to a culture that puts our clients first. We continually strive to find better ways to meet and exceed our clients' investment objectives. Our unique history of managing the total investment portfolio for very large clients has enabled us to deliver innovative investment solutions, which few other fund managers have been able to do.
May 2008 – Present (6 years 2 months)
Collarmele Partners is a fully integrated retail and mixed-use development company with expertise in all facets of the business -- allowing us to work as the master developer on a project or to collaborate with a property owner in need of a specific services. Our work includes new and repositioned commercial property, both domestic and overseas
President of Retail/Office
October 2006 – May 2008 (1 year 8 months)
Westfield GroupSenior Executive Vice President
May 1999 – October 2006 (7 years 6 months)
Executive Officer / Director
David leads QIC's Risk, Legal and Tax division. He is responsible for QIC’s enterprise risk management framework, and leading the legal, tax and independent risk, compliance and regulatory functions. David’s team provides services to and monitors all investment teams and business divisions across QIC.
David is a member of QIC’s Executive Committee and participates at QIC’s Board, Audit Committee and Risk Committee; he is the Chair of QIC’s Risk & Compliance Management Sub-Committee. David is also a Director with QIC’s wholly owned subsidiary, QIC European Investment Services Limited (QEIS UK). He reports directly to the CEO and meets regularly with the Chairs of the QIC and QEIS Boards and Chair of the Risk Committee.
David was admitted as a barrister and solicitor of the Supreme Courts of Queensland, New South Wales and Victoria (as well as the High Court of Australia) in 1998.
David previously worked in the corporate and financial services divisions of Clayton Utz in Sydney, and Linklaters in London and Tokyo, followed by four years in the Financial Services Group of Macquarie Bank in Sydney. David joined QIC as a senior legal advisor in 2007 and assumed the role of General Counsel in November 2008. In 2012, he was appointed to the role of Chief Risk Officer, now known as Executive Director, Risk, Legal & Tax.