QIC Hires Damien Frawley as CEO

Provider: J.P. Morgan
Client: City Super Fund
Asset Value: $1.5 billion

Posted: 22 Feb 2012

QIC have hired Damien Frawley as CEO of the AU$60.2bn institutional investment firm.

Frawley comes to QIC from BlackRock Australia, where he was the country head. He succeeds Doug McTaggart, who late last year announced his intended retirement in mid-2012.

I am delighted that QIC has attracted a CEO with the leadership pedigree and asset management experience of Damien, said QIC Chairman Peter Young. His client focused approach to business makes him a great fit for QIC, ensuring we continue to deliver for our existing clients as well as grow and diversify our business.

Frawley worked at BlackRock Australia from 2005-2010 as managing director, CEO and managing director, and head of account management. Prior to that, Frawley was director, head of retail sales at Merrill Lynch Investment Management, Australia from 2002-2005.

Mr Frawley will start as QIC CEO by July 2012. He will work with McTaggart and the board to ensure a smooth transition.

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