QIC has announced the appointment of Eric Belman to the QIC Global Infrastructure team in its newly-established New York office. Mr Belman will lead the firm’s infrastructure origination, investment and execution efforts in North America.  QIC is one of Australia’s largest institutional investment managers, offering infrastructure, real estate, private equity, liquid strategies and multi-asset investments.

Mr Belman’s appointment is part of QIC’s geographic expansion strategy and further deepens the firm’s sector expertise in the infrastructure space. This hiring follows the appointment in March 2015 of Giles Tucker in London to develop QIC’s European infrastructure investments efforts and Vittorio Lacagnina in October 2014 to lead investor origination in infrastructure across the Northern Hemisphere.  

Prior to joining QIC, Mr Belman had been a Managing Director, Business Development, GE Power and Water since 2007.

During his tenure at GE, Mr Belman drove GE Power’s global M&A strategy and execution across all technology segments of the power industry, including co-leading the transformational acquisition of the energy assets of Alstom, SA which, at US$14 billion, is the largest acquisition in GE’s history. He also co-led GE’s US$3 billion strategic acquisition of Dresser Inc, focusing on strategy and valuation for the core Waukesha gas engines business.

Earlier in his executive career Mr Belman led cross-functional M&A and strategy teams at United Technologies and PepsiCo.  He began his post-MBA career with Bain & Company, advising a wide range of corporate and private equity clients.

Mr Belman gained his MBA from the Wharton School of Business and MSE and BSE, Power Systems and Mechanical Engineering from the University of Pennsylvania School of Engineering.  He is a well-decorated former submarine officer and nuclear engineer with the United States Navy.

Ross Israel, Head of QIC’s Global Infrastructure said:

“I’m delighted that an infrastructure executive of Eric’s  calibre is joining QIC. He will be pivotal in helping to lead and execute QIC’s global infrastructure offering. Eric’s appointment deepens the experience of our team across key sectors and geographies.”

Mr Israel continued:

“Eric has an outstanding record of achievement in complex industries, including energy assets and other global infrastructure. His deep understanding of the North American marketplace, where we currently have A$620 million (US$435 million) of infrastructure investments, and in operating infrastructure businesses will be of tremendous benefit to QIC.”

Mr Belman said:

“I am excited to join a firm of QIC’s stature and reputation. I look forward to bringing my experience in infrastructure, technology and corporate strategy to QIC and helping build its relationships and broaden its investment opportunities and offerings in North America.”