Treasurer and Minister for Trade and Investment Cameron Dick has announced the appointment of former QIC Chief Damien Frawley as the new Chair of Queensland Treasury Corporation’s (QTC) Capital Markets Board.
Mr Dick said Mr Frawley’s strong and inclusive leadership style makes him an exceptional addition to the QTC board.
“Damien is focused on high performance and delivery for clients, and his open and frank approach to negotiations will be well suited to this role,” he said.
“He brings with him more than 35 years’ experience in the financial services sector, both domestically and internationally, and of course his unique experiences conquering the sporting world as a former Queensland Reds and Wallabies champion.
“As CEO of Queensland Investment Corporation (QIC), Damien looked after more than $88.8 billion in assets under management for a range of government, domestic and global institutional investors.
“Damien will now oversee the financial and operational performance of QTC’s Capital Markets Board, which plays a vital role driving the strategic direction of the corporation, the central financing authority for the Queensland Government.”
Mr Dick also paid tribute to QTC’s outgoing Chair Gerard Bradley AO for his contribution, leadership and service to QTC during what’s been a challenging economic period.
“So many major investment decisions by the state government across the past 40 years have been either signed off or reviewed by Gerard,” he said.
“Gerard’s contribution to our state is significant and longstanding, and I wish him all the best in retirement.”
Mr Frawley has been appointed to the Capital Markets Board on a three-year term.