QIC stalwart and Rest CFO join Qld TCorp

Susan Buckley
Queensland Treasury Corporation - Managing Director, Funding and Markets at Queensland Treasury Corporation.
Date: 11 September 2023
Position: Managing Director, Funding and Markets at Queensland Treasury Corporation.
By Elizabeth Fry

One year after leaving QIC, Susan Buckley has landed at QTC - the state's central financing authority  - where she will lead the firm's funding and liquidity, balance sheet management, treasury management advisory and economic research functions.

QTC has also hired Rest Super's finance chief Kulwant Singh-Pangly as chief operating officer and Goldman Sachs veteran Nathan Cowan as head of risk.

"Their combined expertise and diverse leadership profile align with our ambition to be a leading central financing authority," QTC said.

"Their arrival strengthens our commitment to delivering sustainable financial outcomes and operational excellence and will be instrumental in steering QTC to deliver innovative, long-term solutions that contribute to the state's social and economic growth."

Exactly one year ago, Buckley stepped down as managing director of the liquid markets group at QIC after 21 years with the state government investor.

In this role, she led an expert team of thirty-one investment professionals responsible for over $100 billion in asset rebalancing and currency overlays, hedging strategies via equity and credit derivatives as well as $26 billion in assets under management.

Buckley's previous roles include head of head of strategy and acting head of asset allocation at NRMA Asset Management, senior vice president and head of fixed interest at BT Funds Management, fixed interest strategist at Suncorp Investments and economist at National Australia Bank.

Singh-Pangly joins with 25 years of experience across a wide range of business.

Before his two years with Rest Super, he spent eight years as chief financial officer at QSuper.

Rest Super confirmed that Singh-Pangly will be finishing up with the super fund later this month.

Cowen has spent 30 years managing risk in the financial services and banking industry.

QTC said Cowen will lead a re-invigorated enterprise risk management and compliance agenda. Before 29 years at Goldman Sachs as a market risk manager, he worked at Zurich Capital Markets and Credit Suisse.

Additionally, Stephanie Challen has been promoted to managing director - advisory.

Challen brings over 20 years of public policy experience and a depth and breadth of knowledge around leading reforms in complex environments and will play a pivotal role in advisory work focused on strategic alignment with the Queensland government's priority policy areas.

Previously, she was chief of staff for the Queensland Treasurer and Minister of Trade and Investment.

Earlier, she served as senior ministerial and executive liaison officer at the Department of Health.