Investa this week announced a number of key executive promotions who, alongside recently appointed CEO Peter Menegazzo and other executive team members, will lead the business through its next phase.
Key appointments are:
- Penny Ransom has been appointed Chief Investment Officer and will oversee all investment activities across the group. Ms Ransom was previously Group Executive & Head of Funds Management.
- Jason Leong has been appointed Head of Investment Management. Mr Leong previously was Fund Manager for Investa Commercial Property Fund (ICPF).
- Amy Wild has been appointed Head of Corporate Operations and will oversee corporate functions including Information Technology, Brand and Innovation and People and Culture.
- Sally Franklin has been appointed Chief Operating Officer, Real Estate, overseeing all real estate operating activities for the office and build to rent business.
CEO, Peter Menegazzo said: “These are exciting appointments for our business and will reshape our leadership team and structure to allow the business to perform at its best and take us into an exciting future.”
The new appointments come during a year of achievement and change for Investa, with significant milestones reached in a range of areas. In November 2020, global real estate company Oxford Properties Group purchased a 50% interest in the business, boosting Investa’s growth and diversification capabilities.
In January this year, ICPF in conjunction with financial services group Manulife, acquired the right to a 100% interest in premium development asset 39 Martin Place, Sydney and in June, Investa launched its new build to rent management platform, Indi, targeting 5,000+ apartments, primarily in Sydney and Melbourne.
Construction on the first build to rent tower, Indi on Pitt Street, is now underway and due to complete at the end of 2023. Investa’s new 48,000 square metre, commercial office development, Parkline Place, is on track to commence construction later this year.
ICPF appointments
The Executive team reshuffle has resulted in two key appointments for Investa’s c.$6.0 billion flagship institutional fund, ICPF, with Brendan Looby being appointed Fund Manager and Brennan Wood appointed Assistant Fund Manager.
Mr Menegazzo said: “We are delighted to have promoted from within for these key ICPF roles, demonstrating the quality of people we are developing through our business. Importantly these appointments ensure continuity of operations and enable us to continue to deliver ongoing strong investment performance into the future for our investors.”
For more information:
Lorna Nolan
National Marketing & Communications Manager
M +61 41 512 9061
lnolan@investa.com.au
