QRI Manager Pty Ltd. (Manager) announced the retirement of Qualitas' long-serving Chief Risk Officer, Gerd Mayer, which will take effect at the end of July 2020. As Gerd has been instrumental in establishing and maintaining Qualitas' strong capabilities in investment risk management since joining in September 2009, he will remain a non-executive member of the Trust's investment committee. Rob McLellan will succeed Gerd as Chief Risk Officer and also as a member of the Qualitas Executive Team. Rob has commenced transitioning into the role and joined Qualitas in January 2020 serving as Deputy Chief Risk Officer. Rob brings 28 years of banking experience across credit and execution roles at organizations including ANZ, Westpac, Bank of Tokyo-Mitsubishi, and Societe Generale.