Nick Basile is on the hunt for a replacement.

The acting-chief executive of real-estate investor Presima is travelling outside Australia seeking a replacement, says a statement by Presima’s controlling shareholder National Australia Bank.

Basile is a director of various units of the bank and a non-executive director of a number of National Australia Bank affiliates.

Montreal-based Presima invests in property securities around the world. It currently has a team of 10 people excluding Basile, according to its web site.