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SUPER FUNDS


QIC BEEFS UP ENERGY TEAM

PAUL MAGUIRE
QIC Limited - Partner
APPOINTMENT
QIC LIMITED
Date: 20 June 2024
Position: Partner
View company profile

BY ELIZABETH FRY



QIC Infrastructure's specialist energy and utilities practice has appointed
three new senior executives to originate new investment opportunities.

Paul Maguire, Richard Van Breda and Mark Irwin have taken up senior positions
within a business that manages more than $12 billion in energy and utility
assets on behalf of institutional investors.

The trio is tasked with driving value across the existing portfolio of
investments and finding deals.

They will also join the boards of four of QIC's Australian energy investments.

First up, Paul Maguire joins the team as a partner.

He was previously chief executive of Lumea, a transmission services business
owned by Transgrid, and before that head of Engie APAC, the energy generator and
distributor.

Meanwhile, Richard Van Breda joins QIC Infrastructure as a senior advisor
covering energy transition.

Van Breda was previously the head of Stanwell, a major provider of electricity
and energy solutions to Queensland, the National Electricity Market and large
energy users throughout Australia.

Before that, he served as the chief financial officer for Tarong Energy.

The third recruit Mark Irwin also joins as a senior adviser.

He currently runs ADBRI - one of Australia's pioneering construction materials
and industrial mineral manufacturing companies.

Irwin has earlier held senior roles at Oz Minerals including chief commercial
officer.

QIC's head of infrastructure, Ross Israel welcomed the new executives.

"The energy and utilities sectors are undergoing a transformational change
propelled by the global effort to reduce carbon emissions and increase asset
resiliency," he said.

"Institutional investors are primed to invest into energy transition
opportunities but appreciate specialist know-how and active management play a
central role in achieving appropriate risk-adjusted returns.

Israel pointed out that Paul, Richard and Mark's acumen complement a
well-established team of specialists who manage a platform of 10 energy and
utilities assets globally, via a team of 25 investment specialists and 25
non-executive directors and advisers.

Last year QIC acquired Bluecurrent, an Australasian smart metering business,
adding to its portfolio that also incorporates Tilt Renewables, Pacific Energy
and Lochard Energy in Australia and Generate, Renewa and CenTrio in the US.

QIC Infrastructure now actively manages a global portfolio of $33 billion with
22 direct investments across 5 OECD countries.

The global team comprises 84 dedicated investment professionals and 63
non-executive directors and advisors across five offices.

View Paul Maguire's Profile Back to Recent Moves




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