Industry News

Vicinity CFO to take on MD role at QIC

Vicinity Centres has announced the resignation of Chief Financial Officer, Michael O’Brien who will become the new Managing Director for Global Real Estate at QIC.

O’Brien joined Vicinity in 2015 as Chief Investment Officer and was appointed CFO in December 2018. He will replace Steven Leigh who announced his intention to resign as Managing Director at QIC in mid-2018. 

Vicinity CEO and Managing Director, Grant Kelley said: “I would like to personally thank Michael for his contribution to Vicinity and wish him all the best in his new appointment. He led a significant repositioning of Vicinity’s real estate portfolio including the sale of A$2.5 billion of assets and the Sydney CBD/Chatswood Chase Sydney asset swap transaction with GIC.”

General Manager Treasury, Mr Kah Wong has been appointed Acting CFO while Vicinity undertakes an internal and external search for a new CFO. Mr Wong has managed Vicinity’s balance sheet since 2016, and its predecessor companies since 2006.

O’Brien joined Vicinity in 2015 as Chief Investment Officer and was appointed CFO in December 2018. He will replace Steven Leigh who announced his intention to resign in mid 2018. 

An international recruitment firm has been appointed to undertake both an internal and global external search for a new CFO. 

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