Australia's QIC has appointed Eric Belman as a partner to lead its infrastructure origination, investment and execution efforts in North America.
Belman's appointment follows on the heels of QIC's March 2015 hire of Giles Tucker to develop its European portfolio. It also comes after Vittorio Lacagnina was hired in October 2014 to lead investor origination for infrastructure across the northern hemisphere. Belman will work alongside Lacagnina from QIC's New York City office.
Prior to joining QIC, Belman was managing director of business development for GE Power and Water since 2007, where he drove the global merger and acquisition strategy across the technology spectrum of the power industry. Among his accomplishments, he co-led the largest acquisition in GE's history via the $14 billion buyout of Alstom's energy assets.
Ross Israel, head of QIC's global infrastructure platform, in a statement said that Belman's “deep understanding” of the North American marketplace will be “of tremendous value to QIC”.
QIC is one of the largest institutional investors in Australia. It currently oversees about $52.4 billion in assets under management (AUM) globally, with $435 million in infrastructure. The firm services more than 90 clients, including governments, pension plans, sovereign wealth funds and insurers across Australia, Asia, the Middle East and the US.