Lend Lease, the Australian Securities Exchange-listed real estate and infrastructure development and fund management firm, has appointed Kylie Rampa as managing director of its Australian investment management business.
Australian property counts for by far the largest component of the division’s assets under management at A$8.8 billion (E7.04 billion; $9.12 billion) of its total A$12.3 billion.
The platform includes the Australian Prime Property Fund Retail. Launched in 1989, the open-ended, core fund currently managed gross assets of A$4.4 billion on behalf of institutional investors.
Starting in February next year Rampa will report to Tarun Gupta, Lend Lease’s chief executive officer for property in Australia, who said: “Kylie’s appointment reflects the importance of Lend Lease’s investment management business to the wider group. Her deep skills in real estate securitisation and third party capital management are key attributes to delivering ongoing positive outcomes for our institutional investment partners.”
She has more than 20 years of experience in Australian and global real estate investment. She was previously chief executive of the Gandel Group, the property company of Australian entrepeneur John Gandel and before that she was head of real estate advisory in North America for Macquarie Group.