29 November 2012 — Stockland has appointed Mark Steinert as its next managing director and chief executive officer, effective from 13 January 2013.
Steinert, who will receive an annual salary of $1.5 million with incentives, takes over from Matthew Quinn who has been managing director since 2000.
Mr Steinert started his career in real estate with eight years in direct property primarily with Jones Lang LaSalle, and 10 years in listed real estate with UBS.
At UBS, he was managing director, global head of Real Estate Research and co-head of ANZ Real Estate, and with his team delivered double digit annual profit growth and top quartile client rankings and market share.
Mr Steinert moved into leading and running operating businesses in 2004 when he was appointed head of Australasian Equities with responsibility for research, trading, derivatives, prime broking, capital commitment, operational control, risk control, recruiting, staff development and cost management.
In late 2005 he and his family moved to New York to take up his appointment as global head of Research for UBS.
Mr Steinert was also promoted to group managing director and was a member of the Investment Bank Executive Committee which oversaw 16,500 employees.
In 2012 he was made global head of Product Development and Management for Global Asset Management at UBS, a $559 billion Global Fund Manager.
Mr Steinert was a member of the Global Asset Management executive committee and chairman of the Global Product Management Committee.