QIC Appoints Eric Belman As Partner In New York To Further Expand Its North American Infrastructure Business
NEW YORK, Jan. 12, 2016 /PRNewswire/ -- QIC – a global diversified alternative investment firm – today announced the appointment of Eric Belman to the QIC Global Infrastructure team in its newly-established New York office. Mr. Belman will lead the firm's infrastructure origination, investment and execution efforts in North America. QIC is one of Australia's largest institutional investment managers, offering infrastructure, real estate, private equity, liquid strategies and multi-asset investments.
Mr. Belman's appointment is part of QIC's geographic expansion strategy and further deepens the firm's sector expertise in the infrastructure space. This hiring follows the appointment in March 2015 of Giles Tucker in London to develop QIC's European infrastructure investments efforts and Vittorio Lacagnina in October 2014 to lead investor origination in infrastructure across the Northern Hemisphere.
Ross Israel, Head of QIC's Global Infrastructure, said: "I'm delighted that an infrastructure executive of Eric's calibre is joining QIC. He will be pivotal in helping to lead and execute QIC's global infrastructure offering. Eric's appointment deepens the experience of our team across key sectors and geographies."
Mr. Israel continued: "Eric has an outstanding record of achievement in complex industries, including energy assets and other global infrastructure. His deep understanding of the North American marketplace, where we currently have A$620 million (US$435 million)1 of infrastructure investments, and in operating infrastructure businesses will be of tremendous benefit to QIC."
Mr. Belman said: "I am excited to join a firm of QIC's stature and reputation. I look forward to bringing my experience in infrastructure, technology and corporate strategy to QIC and helping build its relationships and broaden its investment opportunities and offerings in North America."
Eric Belman Bio
Prior to joining QIC, Mr. Belman had been a Managing Director, Business Development, GE Power and Water since 2007.
During his tenure at GE, Mr. Belman drove GE Power's global M&A strategy and execution across all technology segments of the power industry, including co-leading the transformational acquisition of the energy assets of Alstom, SA which, at US$14 billion, is the largest acquisition in GE's history. He also co-led GE's US$3 billion strategic acquisition of Dresser Inc., focusing on strategy and valuation for the core Waukesha gas engines business.
Earlier in his executive career, Mr. Belman led cross-functional M&A and strategy teams at United Technologies and PepsiCo. He began his post-MBA career with Bain & Company, advising a wide range of corporate and private equity clients.
Mr. Belman gained his MBA from the Wharton School of Business and MSE and BSE, Power Systems and Mechanical Engineering from the University of Pennsylvania School of Engineering. He is a well-decorated former submarine officer and nuclear engineer with the United States Navy.
About QIC
QIC is a global diversified alternative investment firm offering infrastructure, real estate, private equity, liquid strategies and multi-asset investments. It is one of the largest institutional investment managers in Australia, with A$74.6 billion (US$52.4 billion)2 in funds under management, offering infrastructure, real estate, private equity, liquid strategies and multi-asset investment services. QIC has over 500 employees and serves more than 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, London, Sydney, and Melbourne. 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. QIC's 30 infrastructure investment professionals currently manage A$6.3 billion (US$4.6 billion)3 across 11 global direct investments, spanning transport, utilities and public-private partnership assets and have realised a further A$6.6 billion (US$5.1 billion)4 of investments for its clients. QIC's sector-centric investment strategy deconstructs risk across sector value chains, identifies relative value for investment, and drives a targeted origination approach that has enabled QIC to build diversified portfolios for its clients and protecting their capital while delivering strong total returns since 2006.
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 United Kingdom Financial Conduct Authority ("FCA"), the United States Securities and Exchange Commission ("SEC") and the Korean Financial Services Commission.
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.
To the extent permitted by law, QIC, its subsidiaries, associated entities, their directors, employees and representatives (the "QIC Parties") disclaim all responsibility and liability for any loss or damage of any nature whatsoever which may be suffered by any person directly or indirectly through relying on the information contained in this media release, whether that loss or damage is caused by any fault or negligence of the QIC Parties or otherwise.
This media release is issued by QIC Investments No 1 Pty Ltd in the USA. Neither this media release 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.
QIC European Investment Services Limited ("QEIS"), a wholly owned subsidiary of QIC, is a private limited company incorporated in England and is authorised and regulated by the UK Financial Conduct Authority ("FCA") (www.fca.org.uk). This authorisation allows QEIS to market its products and provide cross border services across certain European Economic Area States via a MiFID Corporate Passport. QIC Limited ACN 130 539 123 ("QIC") is a wholesale funds manager and its products and services are not directly available to retail clients.
Copyright QIC Limited, Australia 2016. All rights are reserved.
1 As of 30 September 2015
2 As of 30 September 2015
3 As of 30 September 2015
4 As of 30 September 2015
SOURCE QIC
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