Industry Day Speakers

Session Chair:
Anthony De Francesco
Head of Research
Colonial First State Global Asset Management

Anthony is responsible for the provision of research support for: asset management, product development, and distribution initiatives for the wealth management business. He is responsible for developing House views on asset markets and undertaking strategic research on both core listed asset classes as well as property and alternative investment classes.

Anthony has over 10 years experience in various research roles, including 7 years in property research. Anthony is involved in client presentations and seminars. Anthony’s research experience involved reviewing international markets (both economic and property fundamentals).

Prior to joining CFS Anthony was Senior Quantitative Analyst with Commsec, responsible for asset allocation and modeling. Prior to this Anthony worked at Lend Lease Real Estate Investments Ltd as Head of Research.

Michael Blythe
Chief Economist
Commonwealth Bank of Australia

Michael is currently the Chief Economist for the Commonwealth Bank of Australia. In this role he is responsible for monitoring, analysing, and forecasting trends in the Australian economy, financial markets and domestic monetary policy.
Michael joined the Commonwealth Bank in late 1995 as the Senior Economist in the Bank's economic research division. Prior to this he spent 13 years in various roles within the Economic Group of the Reserve Bank of Australia including a role at the International Monetary Fund. Michael was the Reserve Bank’s Senior Economist from 1991-1995 with responsibility for the provision of economic analysis and policy advice.


Kevin Stanley

Regional Director of Research for Australia and New Zealand
CBRE

Since 1998, Kevin has also been a member of the company’s Senior Leadership Board.

He is responsible for developing and maintaining the company’s annual research programme.  This includes primary research studies, the publication of MarketView reports, forecast modelling, database design and development and consulting assignments.  He leads a team of 16 researchers and is the company’s global research contact for the Pacific region.

Before joining CB Richard Ellis, Kevin was the Manager, Policy & Research with the Victoria Division of the Property Council of Australia.

He has a BA in Urban Studies and Graduate Diplomas in Business Administration and Project Management.


Mark Lister
Equity Analyst
ABN AMRO Craigs

Mark joined ABN AMRO Craigs in 2003 as an equity analyst specialising in property and small cap research.  In addition to the listed property sector, Mark’s coverage also extends to the agriculture and electricity sectors, and a range of smaller companies. 

Prior to working for ABN AMRO Craigs, Mark worked for TrustPower, a listed electricity generator and retailer, holding roles as a wholesale market analyst, a database and process developer and a pricing analyst.

Mark holds a Bachelor of Management Studies degree with a major in Finance.


David Gribble
Vice President
Morgan Stanley 

David is a Vice President in the Sydney office and is responsible for Real Estate Investment Banking and Principal Investing throughout Australia and New Zealand. David joined Morgan Stanley in 2000 and worked in the London office until 2004, after which he moved to Australia. Prior to Morgan Stanley, David worked for Lend Lease Corporation in a range of construction and project management roles.
David holds a Bachelor of Engineering (Hons) from the University of Auckland and a Masters of Business Administration from London Business School.
Morgan Stanley Real Estate was established as a dedicated real estate business in 1969. As at June 30, 2005, Morgan Stanley had approximately 500 professionals in 20 offices located worldwide focusing exclusively on the real estate franchise, which is comprised of three distinct yet globally integrated businesses: Morgan Stanley Real Estate Investing, Morgan Stanley Real Estate Banking and Morgan Stanley Real Estate Lending.
As the full service real estate investing platform of Morgan Stanley, the investing business is comprised of the Morgan Stanley sponsored family of real estate related equity funds including: the Morgan Stanley Real Estate Fund opportunistic series (MSREF); PRIME; the Real Estate Special Situations Program, and the Morgan Stanley Eurozone Office Fund.  Collectively, Morgan Stanley Real Estate is responsible for nearly US$38.0 billion (A$50.6 billion) as at 30th September 2005 in assets under management, which includes Real Estate Securities offered through Morgan Stanley Investment Management.


Nic Lyons
Chief Executive and Managing Director
The GPT Group

Nic began his career with GPT when he was appointed CEO of the Lend Lease managed trust in October 2000. In June 2005 Nic oversaw the internalisation of management, to create the independent GPT Group.

Nic has more than 25 years experience in the property and property funds management industries in Australia and overseas. His long career in the property industry has included roles with entities such as ING, where he was General Manager of Listed Property Trusts, and Lend Lease Real Estate Investments where he was CEO – Real Estate Investments.

Nic holds a Bachelor of Commerce degree, a Diploma in Applied Finance and Investment, and is an Associate of the Securities Institute of Australia and the Australian Property Institute.


Narelle Lee
Mananger, Property Investment Strategy
AMP Capital

Narelle has spent the past twenty years working within the property asset class.

Her roles have included asset management of retail shopping centre portfolios worth over $1bn, management of Pacific Fair on the Gold Coast, and for the past fouryears, Narelle has headed the Investment Strategy unit within AMP Capital’s Property Division.

In her present capacity, Narelle heads a team responsible for monitoring the domestic and global property markets, generation of the AMP Capital House View on the sector as well as playing a key role in the investment process for Australia’s largest wholesale property fund manager.  This role requires Narelle and her team to be conversant across all markets, sub-sectors and emerging trends in Australia and also internationally.

Narelle holds an MBA, Graduate Diploma in Land Economics and Graduate marketing qualifications.


Chris Davitt
Property Analyst

Chris works as the analyst for the Multiplex Property Trust which holds a $3.1 billion diversified property portfolio. He has six years experience in the property industry with research and transactional experience in the development, residential, office, industrial and retail sectors. Chris holds the position of adjunct lecturer at the University of NSW teaching Real Estate Finance in both the undergraduate and post graduate programmes.

Chris graduated from the University of Technology with a Bachelor of Land Economics (with first class honours). He holds a Diploma in Law (Sydney University) and is the deputy chair of the NSW Capital Markets and Research Committee.


Geoff McWilliam
Property Consultant
 
Geoff has more than 30 years experience in the property industry, including portfolio management and funds management of listed and unlisted vehicles, and management of property operations in Australia, Asia and Europe.   He has held a variety of management and directorship roles in the property funds management area within Commonwealth Bank of Australia and Lend Lease. In his role as Executive General Manager at Colonial First State Property, part of the CBA, he was responsible for the development of new wholesale and listed property funds, growing the business over 10 years from $750 million FUM to over $16 billion FUM.  In addition, he held responsibility for the management of the Bank's corporate real estate portfolio.  

 

John Sears
Manager, Forecasting Services
Jones Lang LaSalle

John is responsible for forecasting all major office, industrial and retail property markets across Australia, authoring strategic research pieces for the firm and providing consultancy services to clients.

John has a strong background in investment analysis, asset allocation, performance attribution and the research of financial markets. He has over 10 years experience with AMP Capital in the Investment Strategy and Economics Department, including two years in their London office as Manager, Global Equity Strategy.  John was also a PhD Student at the University of NSW, School of Economics. His thesis topic being the performance of Australia’s managed funds with reference to changing performance under different economic climates.


Terry Boyd
Professor of Property Economics
Queensland University of Technology

Terry is currently the inaugural Professor of Property Economics at Queensland University of Technology in Brisbane, Australia.  However, after 20 years in private practice as a principal of a Property Company and 20 years as an academic, he is about to change direction.  In 2006, while continuing as a consultant to both the property profession and academia, he will balance work life with fishing, boating and being a grey nomad.
Terry’s expertise is in the property fields of valuation, property rights and professional development.

 

Pete Morrissey
Senior Investment Analyst – Property and Infrastructure
Lonsec Ltd. 
 
Pete joined Lonsec in March 2004.  In his capacity at Lonsec Pete is in charge of all funds with listed property exposure – Domestic LPT Funds, Hybrid Property Funds with Listed and Direct exposures and the rapidly growing Global Property Securities Fund sector.  Pete has recently completed a detailed research paper titled “Global Property Securities: Implications for Australian Investors” as part of a Master of Applied Finance. 
Prior to Lonsec, Pete was an Investment Manager with Reality Investments Ltd, a diversified private investment company focusing on Australasian and International Equities.  Before immigrating to Australia, Pete spent several years working in the UK finance industry in a variety of analytical roles with Nomura, ING Barings, and Lloyds TSB. 
Pete has a Bachelor and Master of Commerce in Valuation and Property Management from Lincoln University (Canterbury, New Zealand), along with a Graduate Diploma in Applied Finance from the Financial Services Institute of Australasia (formerly Securities Institute of Australia).

 

John Garimort
Director
Investment Property Databank

John has a real estate valuation and portfolio management background, with undergraduate study in Melbourne and Post Graduate study in London.  He has approximately 10 years of experience in direct real estate markets as a valuer of mainly commercial and industrial markets, and then as an assistant portfolio manager with a large fund manager.

Following this direct property experience he moved to the "dark side", as an equities analyst researching the Australian Listed Property trust sector where he worked for 9 years.  In addition to understanding the fundamentals of most real estate markets throughout Australia, analysis of capital structures, funding techniques, risk profiles and stock price valuation techniques became the areas where he specialised. 

He has spoken at international conferences in New Zealand and Korea, has been regularly quoted in the print media and occasionally been used in television broadcasts in business forums.  He generally provides –two to three lectures to undergraduate and post-graduate students each year.

He joined IPD in August 2003 and has responsibilities for establishing the company in Australia and New Zealand.

Ken Atchison
Managing Director
Atchison Consultants

Atchison Consultants was established in 2001 to provide advice regarding financial and investment assets to major funds, focusing on property investment portfolios, including appraised based and listed Australian and global property.

Previously, he was with the global firm Towers Perrin as a consultant, advising funds on improving investment performance by ensuring effective investment policies and management structures were in place.

His consulting clients include major superannuation and insurance funds and industry participants.

Ken is a member of the Property Council of Australia, the Securities Institute of Australia and the Investment Management Consultants Association.