Kylie Rampa has been named the next CEO of Queensland Investment Corp.
Ms. Rampa will join the Brisbane-based money manager in April, according to a QIC news release Thursday.
She will replace Damian Frawley, who announced in June his intention to retire in 2022 after almost a decade at QIC's helm.
Mr. Frawley will remain CEO until Ms. Rampa begins. He couldn't immediately be reached for comment.
Ms. Rampa will come to QIC from Sydney-based real estate and investment firm Lendlease Group, where she serves as group head of investments.
A Lendlease spokeswoman didn't respond to queries about the firm's plans regarding that role.
Ian Martin, QIC's chairman, said in the news release Ms. Rampa's experience over a 25-year career in alternative asset segments, including real assets, as well as private and public capital markets will leave her well placed to drive QIC's strategy going forward.
As of June 30, QIC had A$92 billion ($69.3 billion) in assets under management, with a focus on alternative asset classes including infrastructure, real estate, private equity and private debt.