QIC Announces Senior US and UK Appointments to Its Global Infrastructure Business

NEW YORK, March 18, 2015 /PRNewswire/ -- QIC, a global diversified alternatives investment firm offering infrastructure, real estate, private equity, liquid strategies and multi-asset investments, and one of Australia's largest institutional investment managers, today announced the appointment of two additional senior infrastructure executives as part of its global infrastructure expansion strategy.  

Geoff Chatas will lead QIC's infrastructure business in North America from the firm's New York City office, and Giles Tucker will lead QIC's UK and European infrastructure operations from its London office.

Ross Israel, Head of QIC's Global Infrastructure said: "I'm delighted that infrastructure executives of Geoff's and Giles' calibre are joining QIC. These talented executives will be pivotal in leading and executing QIC's global infrastructure offering. This is an exciting time for our infrastructure business. We are deepening the experience in our team in key sectors and geographies. We believe this will enable us with our disciplined approach to find more attractive relative value opportunities globally for our clients." 

Geoff Chatas

Mr. Chatas brings 25 years of experience in finance and infrastructure to his new role and has spent most of his career focused on the energy and aviation sectors. For the past five years he was Chief Financial Officer of the Ohio State University. He joined the Ohio State University from JP Morgan Asset Management, where he was a Managing Director for the Infrastructure Investments Group. Prior to JP Morgan, Mr. Chatas was CFO at Progress Energy, where he was responsible for corporate development, including asset acquisition and divestitures.

Before that, he held various executive positions at American Electric Power, where he was responsible for corporate and project finance and directed investments in infrastructure assets in North America, Europe and Asia. He oversaw the financial aspects of AEP's investments in infrastructure assets, including electricity generation and distribution assets in the UK, US, and Australia.  

Mr. Israel said: "Geoff has an outstanding record of achievement in global infrastructure investment. His deep understanding of the North American marketplace and in operating infrastructure businesses will be of tremendous benefit to QIC. We believe he is uniquely qualified to spearhead our activities and grow our presence in this key market where we currently have US$417 million[1]of infrastructure investments. We are pleased that he will help lead our global infrastructure efforts and complement our talented team of professionals in Australia, the US and UK."

Mr. Chatas said: "I am excited to join a firm of QIC's stature and reputation. I look forward to bringing my experience in the private and public sectors to QIC and helping build its relationships and broaden its infrastructure investment opportunities and offerings in the US."

Giles Tucker

Mr. Tucker brings three decades of infrastructure and leadership experience to his role. He joins QIC from the Royal Bank of Canada in London, where he established the Bank's well-regarded infrastructure franchise, and for more than a decade was its Managing Director and Head of Infrastructure, Transport and Logistics for the UK and Europe. 

He joined Royal Bank of Canada in 2003 after four years as Head of Infrastructure at Newcourt Capital/CIT, London. He began his career on the international side of NatWest Bank Plc, and has since worked in senior acquisition and project finance roles at a number of leading UK and international banks, including Sumitomo Bank Ltd and SG Hambros Bank Ltd.

Mr. Israel said:  "Giles' expertise in deal-sourcing and his advisory and transactions experience will deepen our capabilities in the UK and Europe. Through our sector-centric investment strategy across transport, energy and utilities, and Public Private Partnerships (PPPs), we think there is great potential to add to our clients' European portfolio where we have existing investments in the water and ports sectors."

Mr. Tucker said: "Ross painted a compelling picture of the opportunity for QIC in the UK and European infrastructure space. This is an exciting time to be joining the team in London and I look forward to playing a leading role in building on the outstanding success already achieved by QIC for its clients."

Today's announcement from QIC follows its announcement earlier this month that the QIC Global Infrastructure Fund secured initial capital commitments totalling US$528 million[2] from four institutional investors, and that Paul Costello, the inaugural CEO of Australia's Future Fund and the first CEO of the New Zealand Superannuation Fund, was appointed independent chairman of the QIC Global Infrastructure Investment Committee. QIC is working to gain regulatory approvals for the Fund in a number of international jurisdictions.

About QIC:

QIC is one of the largest institutional investment managers in Australia, with US$57.9 billion[3] in funds under management. QIC has over 90 clients including governments, pension plans, sovereign wealth funds and insurers, spanning Australia, Europe, Asia, Middle East and the US. Headquartered in Brisbane, Australia QIC also has offices in New York, San Francisco, Los Angeles and London. For more information, please visit: www.qic.com.

About QIC's Global Infrastructure Business:

QIC is a long-term infrastructure investor with an established global platform. We currently manage over US$4.1 billion[4] across 10 global direct investments spanning transport, utilities and public-private partnership assets and have realised a further US$5.4 billion[5] of investments for our clients.  Our infrastructure portfolio has protected clients' capital while delivering strong total returns over its full history.

About the QIC Global Infrastructure Fund:

The Fund is intended for offer to substantial institutional and professional investors ("Accredited Investors" as defined in Regulation D of the Securities Act or "Qualified Purchasers" for Investment Company Act purposes).  The Fund's investment minimum is $20 million and the investor must understand and capable of bearing the risk of possible loss of that investment.  This press release does not constitute an offer or solicitation in any jurisdiction to any person or entity to which it is unlawful to make such offer or solicitation in such jurisdiction. 

Alternative investments are speculative and involve a great degree of risk and are not suitable for all investors. An investment in the Interests offered hereby involves risk and is suitable only for investors that have substantial financial resources in relation to their investment in the Interests and that understand both the tax consequences and particular risk factors of this investment.   Private funds are not subject to the same regulatory requirements as registered funds.  The Fund has not been and will not be registered under the U.S. Securities Act of 1933, as amended.  The Fund will not be registered as an investment company under the U.S. Investment Company Act of 1940, as amended.  Investors will not be afforded the protections of the Investment Company Act.

An investment in the Fund will involve significant risks due, among other things, to the nature of the Fund's investments. Investors should have the financial ability and willingness to accept the risks and lack of liquidity that are characteristic of the investments described herein. No assurance can be given that the Fund's investment objective will be achieved or that investors will receive a return of their capital. Potential investors should carefully read the information under.

There will be no public market for the Fund, and there is no obligation on the part of any person to register the Interests under the Securities Act or any blue sky law. Accordingly, investors should be aware that they will be required to bear the financial risks of an investment in the Fund for an indefinite period of time.

The Fund is subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the Securities Act and the applicable blue sky laws. Additionally, the Fund may not be directly or indirectly sold, assigned, transferred, pledged, hypothecated, disposed or encumbered, in whole or in part, except as provided in the applicable limited partnership agreement of the Fund.

QIC Limited ACN 130 539 123 ("QIC") is a wholesale funds manager and its products and services are not directly available to retail investors.  QIC is a company government owned corporation constituted under the Queensland Investment Corporation Act 1991 (Qld). QIC is regulated by State Government legislation pertaining to government owned corporations in addition to the Corporations Act 2001 (Cth) ("Corporations Act"). QIC does not hold an Australian financial services ("AFS") licence and certain provisions (including the financial product disclosure provisions) of the Corporations Act do not apply to QIC. Please note however that some wholly owned subsidiaries of QIC have been issued with an AFS licence and are required to comply with the Corporations Act.  QIC also has wholly owned subsidiaries authorised, registered or licensed by the UK FCA, USA SEC, Irish Central Bank and Korean FSS.

For more information about QIC Limited ACN 130 539 123 ("QIC"), our approach and regulatory framework, please refer to our website www.qic.com or contact us directly.

This document is issued by QIC Investment No 1 Pty Ltd in the USA. Neither this document nor any advertisement or other offering material may be distributed or published in any jurisdiction, except under circumstances that will result in compliance with any applicable laws and regulations.

Copyright QIC Limited, Australia 2015.  All rights are reserved.

[1] As of December 31, 2014 
[2] As of December 31, 2014 
[3] As at December 31, 2014 
[4] As at December 31, 2014 
[5] From inception January 2006 to September 2014

SOURCE QIC

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