Chief Investment Officer departs QIC

QIC has announced the resignation of Adriaan Ryder who has accepted an investment leadership position with a Middle Eastern investment fund. Ryder had previously been the head of QIC's Global Multi-Asset (GMA) team and more recently focused on strategic level investment advice with the Queensland government and relationships across the global sovereign wealth fund and public fund communities.

Commenting on Ryder's departure, QIC's CEO Damien Frawley said: "Adriaan made a significant contribution to QIC and a number of key clients through his focus on the fiduciary management function of the Queensland government's retirement assets as well as by deepening our sovereign wealth fund networks."

He added: "He leaves with our appreciation for his achievements and best wishes for the next stage of his career."

Over the past year, Ryder and Frawley worked closely on the GMA team's succession planning, which culminated at the end of 2015 with the announced appointment of Jim Christensen, former Telstra Super CIO, as managing director of the Global Multi-Asset team.