Following a global recruitment process, the Board of the Queensland Investment Corporation has appointed Kylie Rampa as QIC’s new chief executive officer, effective April 2022.
Treasurer and Minister for Trade and Investment Cameron Dick welcomed Ms Rampa’s appointment to lead the Queensland Government’s investment manager.
“QIC is a globally-recognised institution and a vital asset in attracting private capital from Australian and international investors,” the Treasurer said.
“Kylie has worked for some of the largest companies in Australia, including Lendlease, Macquarie and AMP, as well as a number of postings overseas.”
“Most recently Ms Rampa was Group Head of Investments at Lendlease and the Chief Executive Officer of Lendlease Property Australia, overseeing some of the most significant developments in the country, such as Barangaroo in Sydney.
“As we count down to the Olympics, Kylie’s experience leading complex projects and major redevelopments will be invaluable.
Ms Rampa is being appointed to the role following a four-month recruitment process, commissioned by the QIC Board and led by executive search firm Egon Zehnder.
“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.”
“QIC plays a critical role for our State and to attract someone of Kylie’s calibre demonstrates the high regard in which the organisation is held,” the Treasurer said.
“Her deep experience in real estate and her broader experience in investment management will ensure that QIC continues to deliver for its clients.
“It is also significant to see Ms Rampa becoming the only Queensland woman to head a major Australian investment manager”
The Treasurer also paid tribute to QIC’s outgoing CEO Damien Frawley for his work leading QIC over the last nine years.
“Under Damien’s leadership, QIC has delivered strong results for its clients, including last financial year’s record $6.7 billion in investment returns for the Queensland Government,” he said.
“I wish Damien all the best for his retirement and look forward to welcoming Kylie in April 2022.”
