Investa Property Group has appointed Rebecca McGrath as the chair of a new independent board to oversee the business strategy, governance, operations, risk and compliance of the Investa management platform.
The Group has also appointed Jennifer Lambert and Sydney Bone as new independent directors of Investa Office Management Pty Ltd (the ‘Investa Platform Board’).
The independent directors will be joined on the Investa Platform Board by:
Bob Seidler, a Non-Executive Director of Investa Listed Funds Management (ILFML), the responsible entity of listed Investa Office Fund (IOF);
Dennis Wildenburg, a Non-Executive Director of Investa Wholesale Funds Management (IWFML), the responsible entity of unlisted, Investa Commercial Property Fund (ICPF);
Jonathan Callaghan, the Chief Executive Officer, Investa; and Peter Menegazzo, the Chief Investment Officer, Investa.
The formation of the Board follows ICPF’s purchase earlier this year of the Investa management platform from Morgan Stanley.
Mr Callaghan said the appointment of such high calibre independent directors would underpin the strong culture of outstanding performance of the Group, and its track record of identifying new growth opportunities.
“The new board and the management team are committed to continue delivering the leading quality, end-to-end services to our tenants and investors for which Investa is renowned. The board representation from our two key clients, IWFML and ILFML will ensure all interests are represented as we roll out our business strategy,” Mr Callaghan said.
Ms McGrath is a Non-Executive Director of Goodman Group, Incitec Pivot Ltd and Oz Minerals Ltd and a member of the Advisory Council of JP Morgan Australia. She is also an Independent Director of Scania Australia and Barristers' Chambers Ltd. Ms McGrath previously spent 23 years with BP Group in a range of operational and strategic leadership roles in Australia, the UK and Europe, most recently as Executive Director and Chief Financial Officer, BP Australia. Ms McGrath brings a strong global outlook to the role, with in-depth knowledge of HS & E issues, risk and finance.
Ms Lambert is a Non-Executive Director of Mission Australia and was the Chief Financial Officer of 151 Property (formally Valad) for 13 years. Prior to this, Ms Lambert was a Director, Transaction Services, Audit & Business Advisory Services, PricewaterhouseCoopers. Ms Lambert has extensive experience in financial and capital structuring in the property industry.
Mr Bone is currently Executive Director of specialist Fund Manager CP2 and formerly CEO and Director of Victorian Funds Management Corporation. Mr Bone is a member of the Advisory Committees of the Australian Centre for Financial Studies and the UTS Paul Woolley Centre. Mr Bone brings deep institutional investment experience to the Platform Board and a strong understanding of the Investa operating context.