AAP 13th Sept 2010:
Former Qantas Airways Ltd chief financial officer Colin Storrie has joined the investment committee of Investec's Australian-based global aircraft fund (IGAF).
Mr Storrie spent 13 years at Qantas but left in March after 18 months as chief financial officer, citing personal and health reasons.
His appointment to IGAF, announced on Monday, coincided with Investec's launch of a third capital raising for its aircraft fund.
IGAF executive David Phillips said Mr Storrie's experience in aircraft financing would bring significant expertise to the group when it considered investment opportunities with airlines around the world.
Funds raised by Investec, a specialist bank and asset manager, would be used to invest in "high-demand, new-generation commercial aircraft on lease to tier-one and tier-two airlines", Investec said.
"IGAF is currently executing a number of new aircraft acquisitions, aiming to have a portfolio of aircraft of up to $US1 billion ($A1.08 billion) within the next 12 months," it said.