18 May 2012 14:30

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.

property], australia;, nabinvest, National Australia Bank, asset management, real estate, funds management, U.S., europe, Montreal, canada, Presima

As the Magnificent Seven fade, CFS looks further afield for returns

NZ Super cuts benchmark return expectation on US valuation concerns

The AI boom has left super funds with nowhere to run

Blue skies and lawsuits power MLC Super returns higher

Super funds grapple with hidden AI cross-exposures as boom runs on

As the Magnificent Seven fade, CFS looks further afield for returns

Colonial First State chief investment officer Jonathan Armitage says a shift away from reliance on US mega-cap tech stocks is reshaping portfolio resilience, with emerging markets, private debt and catastrophe bonds helping to drive returns across the portfolio.

Simon Hoyle

July 02, 2026