QIC Names New CIO for State Investments Team | Institutional Investor

Australia’s QIC has appointed a new chief investment officer as its current investment head, Jim Christensen, is planning to retire.  Allison Hill, who had been the deputy CIO, will succeed Christensen, taking responsibility for managing QIC’s state investments team and about A$58 billion (US$42.8 billion) in assets for the state of Queensland, according to a Wednesday announcement.  “QIC State Investments is fortunate to have Allison, an investment professional of high caliber and experience, to manage the investments of the state,” QIC chief executive Damien Frawley said in a statement.  The A$93 billion manager, which is owned by the Queensland government in Australia, manages the state government’s assets, as well as investments on behalf of other institutions. Hill will specifically manage Queensland’s investments, according to the announcement.   Her predecessor Christensen has been with the fund since 2016 and is now retiring, according to the announcement. He had been the state CIO since March 2020, and prior to that was managing director of the fund’s global multi-asset portfolios, his LinkedIn profile shows.  Christensen had worked for QIC previously, from 1997 through 2009, most recently as a managing director in the active management division. He left the fund for five years to serve as the CIO at…
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