Canberra-based Infradebt has hired Terry McCredden as its inaugural non-executive chairman.
McCredden joins from Unisuper, the $40 billion superannuation fund dedicated to Australia's education sector, where he had served as chief executive since 2008.
Prior to Unisuper he spent nearly 20 years as the chief executive of Telstra Super, one of the largest corporate superannuation funds in the country. Before that, he led SECV Superannuation, now called EquiSuper.
His appointment is the latest step by Infradebt in building its senior investment team, which already comprises Alexander Austin (founder and CEO) and Alex Ramsey (chief operating officer). Both came from Australia-based Access Capital Advisers, which Austin co-founded in 1996.
“Terry's experience with large superannuation funds will help Infradebt tailor its investment strategies, where infrastructure debt strategies are integrated into a fund's broader alternatives program and investment strategy, for the emerging requirements of Australian funds,” commented Austin upon announcing McCredden's hire.
Founded last April, Infradebt offers both loan and bond lending to infrastructure projects. It favours assets including airports, electricity and gas networks, as well as toll roads and social infrastructure projects.