CHARTER Hall Direct has hired Miriam Patterson, former head of real assets at Telstra Super, in the new created role of fund manager.
Prior to joining Charter Hall, she was Telstra Super’s head of real assets since May 2016, after almost five years as an investment manager, in the property and infrastructure investment team.
As head of real assets, Patterson was directly responsible for overseeing Telstra Super’s $4 bn real estate and infrastructure portfolio. Before joining Telstra Super, she worked at Hastings Funds Management and Ernst & Young in corporate finance.
CEO David Harrison said the creation of the fund manager role reflects the strong growth of Charter Hall’s Direct business from $3 billion to $5.3 billion in the past 18 months.
Patterson will report to direct CEO, Steven Bennett who sits on Charter Hall’s executive committee reporting Harrison.
“We are delighted to secure the services of Miriam who has 15 years’ experience in property and infrastructure and brings a diverse range of skills in portfolio and risk management, transactions, asset management and investment governance,” Harrison said.
“Miriam will be an excellent fit for the group as we grow the institutional quality of investments available to our Direct platform which has more than 20,000 retail, Self-Managed Super Fund (SMSF), High Net Worth (HNW) and family office customers.
“We further expect Miriam’s experience to compliment the broader Group and her knowledge, experience and relationships in the wholesale market will be invaluable,” he added.
Patterson said she is thrilled to be joining one of the leading real estate investment platforms in Australia, “which I have observed first hand having overseen Telstra Super’s investments in a number of Charter Hall’s funds and partnerships.”
“I look forward to working with the direct team to take advantage of the exciting growth opportunities we are seeing to provide investors with secure, sustainable income streams underpinned by high quality, long leased properties.” Patterson concluded.
