Queensland-government-owned investor QIC has tapped an HSBC veteran for a newly created role for the recently launched multi-sector private debt unit.
QIC, or Queensland Investment Corp., has named Bettina Lung as the new director of multi-sector private debt, effective Monday, the company said in a statement emailed to finews.asia. Lung was most recently at Aware Super’s credit income team, with responsibility for origination and execution of corporate and leveraged finance deals in Australia and New Zealand, the statement said, adding she has held roles at Investec Bank and HSBC’s global banking team.
HSBC Veteran
At Investec (Australia), she was on the corporate and acquisition finance team from 2013 to 2021, and was at HSBC from 2010 to 2013, according to her LinkedIn profile.
«With over 17 years of banking and investment experience, primarily in corporate leveraged finance, Bettina brings broad sector experience which includes healthcare, education, technology, financial services, professional services, waste, and pharmaceuticals,» the email said.
She will report to Phil Miall, the head of the multi-sector private debt unit, the statement said.
Debt Unit Launched
The multi-sector private debt unit was launched in 2021, with an Australian offering, including global infrastructure debt, announced in February. The Australian segment will offer origination networks, institutional-grade investment governance and credit, ESG and structuring experience, according to a February statement from QIC. QIC State Investments, which manages the long-term financial interests for Australia’s Queensland state, planned for the new segment to manage both current and future commitments in the strategy, the February release said.
QIC manages more than A$100 billion (around US$69.7 billion) as of the end of 2021, according to its website.
