Annual Review - Campus Living Villages

Annual Review 09/ 10 9
The board
Walter Carpenter commenced his career in 1980 with Price Waterhouse in Sydney,
before moving into merchant banking in 1983 with ABN Bank. He then worked with Lloyds
Bank and Jardine Fleming gaining a comprehensive understanding of corporate and
project finance.
Walter joined the First Pacific Davies Group as General Manager, Hong Kong
in 1989. In 1992, he returned to Sydney to establish a commercial real estate agency
and property management business. Under his leadership the business grew to employ
over 1,000 people across Australia. Walter sold his interest in the business to Savills Plc
in 2003 and continued as Chief Executive of the organisation until mid 2006.
Walter is currently a member of the World Presidents Organisation and is
Chief Executive Officer of Flat Glass Industries Ltd. He is the Chairman of Middle Harbour
Yacht Club in addition to being a director of Campus Living Funds Management Limited.
Walter Carpenter
Independent Director, CLFM
BEc (Syd)
Nicholas is Chief Financial Officer at Transfield Holdings. While at Transfield,
Nicholas has had responsibility for overseeing the financial performance of Campus Living
Villages and was closely involved in the acquisition of the US Student Accommodation
Portfolio and establishment of the Fund.
Nicholas has extensive experience in investment and transaction management
in infrastructure and property. Prior to joining Transfield in November 2005, Nicholas
was a Director of Deutsche Bank in London from 2004 to 2005. He was with Macquarie
Bank from 1993 to 2004, where he worked as a Division Director in Sydney, London and
New York. Nicholas was associated with or led many of Macquarie Bank’s landmark
infrastructure transactions, including the establishment of the Macquarie Infrastructure
Group (MIG) and the acquisition, financing and ongoing management of a number of
motorway assets for MIG.
Nicholas James
Transfield Appointed
Director and Responsible
Manager, CLFM
BCom (with Merit) (UNSW)
Gayle is a finance professional with extensive audit and risk management
experience. In 1994, she joined QBE Insurance Group Limited as group Financial Controller
and became the Group’s first Chief Risk Officer, a position she held until her retirement
from full-time employment in 2006.
Prior to joining QBE, Gayle spent 14 years in public accounting, qualifying
as a chartered accountant in Canada in 1981 and then working with Coopers & Lybrand
in Bermuda and Australia for 11 years.
Gayle was previously a director of many QBE subsidiaries in Australia, Bermuda
and Europe and until 2005 chaired the Insurance Council of Australia/Australian Prudential
Regulation Authority (APRA) Liaison Working Party, an industry committee that worked
closely with the APRA to develop prudential reforms for the general insurance industry.
Gayle is a Fellow of the Australian Institute of Company Directors (FAICD),
Fellow of the Institute of Chartered Accountants in Australia (FCA) and member
of the Canadian Institute of Chartered Accountants.
Gayle Tollifson
Independent Director, CLFM
BCom (Saskatchewan)