The Listed Investment Companies and Trusts Association (LICAT) represents the interests of Listed Investment Companies (LICs), Listed Investment Trusts (LITs) and investors holding over 700,000 interests in one or more LIC or LIT.

The sector has proved popular with investors for over 95 years, providing easy access to professional fund managers who actively manage a range of underlying asset classes which extend from Australian shares to global equities, fixed income, infrastructure and property across a range of investment strategies.

The investor base of the sector is made up predominantly of retail investors and SMSF trustees, many of whom are self-directed and who rely upon the investment expertise of the LIC or LIT manager to guide their investments.

Our Structure

LICAT is a non-profit company with a standard non-profit constitution and an elected board of directors.

Our Objectives

To protect, develop and grow the LIC and LIT sector through advocacy and education.


Membership is offered to:

  • ASX listed LICs and LITs – full membership including voting rights
  • Affiliates, who are service providers to the sector

Our Team


Mr Angus Gluskie

Chief Executive Officer, Whitefield Limited.

Mr Geoffrey Wilson AO

Chairman & Chief Investment Officer, Wilson Asset Management

Mr Chris Meyer

Head of Listed Products, Pinnacle Investment Management Limited
Brendan – placeholder

Mr Brendan O’Dea

Managing Director & CEO, Milton Corporation Limited

Kathleen Yeung

Managing Director, Global Head of Strategy at Qualitas

Andrew Lockhart

Managing Partner, Metrics Credit Partners (Metrics)

Ian Irvine

Chief Executive Officer, Listed Investment Companies and Trust Association
Anna Kazan / CEO

In an ideal world this website wouldn’t exist, a client would acknowledge the importance.

Angus has over 30 years’ experience in investment management and financial services.
He is the Chief Executive Officer of Whitefield Ltd and has served as a Director of the
Listed Investment Companies & Trusts Association since 2012.

Geoff has over 38 years’ direct experience in investment markets having held a variety
of senior investment roles in Australia, the UK and the US. Geoff founded Wilson Asset
Management in 1997. Geoff created Australia’s first listed philanthropic wealth creation
vehicles, Future Generation Investment Company and Future Generation Global
Investment Company. Geoff is Chairman of WAM Capital, WAM Leaders, WAM Global,
WAM Research, WAM Active and WAM Microcap. Geoff holds a number of additional
directorships with investment companies and non-profit organisations.

Chris is head of the listed products business at Pinnacle Investment Management with
responsibility for product development, capital raising, marketing and distribution
strategy as well as relationships with service providers, including Pinnacle’s ASX listed
closed-end products. Previously Chris was founder/CEO of RMI Investment Managers,
a South African based multi-boutique asset manager and prior to that was CEO of
Morgan Stanley’s institutional stockbroking and equity capital markets business in South
Africa. Chris is a CFA charter holder and finance honours graduate from the University
of Cape Town.

Brendan is Managing Director and CEO of $3 billion Listed Investment Company Milton
Corporation, which first listed in 1958. He joined Milton in January 2018 as Deputy
Managing Director and was appointed Managing Director and CEO on 1st August 2018.
Brendan is a highly-experienced equity investor and business manager who spent more
than 20 years with Citigroup in Sydney, Hong Kong, New York and Tokyo prior to joining
Milton. Brendan has a Bachelor of Economics (Syd), Master of Business (UTS) and is a
Charted Accountant.

Kathleen is the Managing Director, Global Head of Strategy at Qualitas, a real estate investment management firm. She is an investment professional with over 20 years experience in raising both debt and equity for infrastructure and real estate in the public and private markets. Kathleen is involved in all facets of the Qualitas business and is responsible for corporate strategy. Before joining Qualitas, Kathleen held a senior executive role at Babcock & Brown in the infrastructure investment team and worked at Price Waterhouse Coopers, Deutsche Bank and KPMG. Kathleen is a Chartered Accountant, holds an MBA and a Bachelor of Economics and was named 2018 Funds Management Executive of the Year at the Money Management Women in Finance Awards.

Andrew is managing partner and one of the original founding shareholders and directors of Metrics Credit Partners (Metrics). He has in excess of 30 years’ banking, funds management and financial markets experience and previously specialised in leverage and acquisition finance as well as corporate and institutional lending. Andrew is a member of the Metrics board and investment committee, and is a director of BC Securities and Taurus Finance Holdings. Andrew was appointed Chair of the Australian branch of the Alternative Credit Council in 2019. He holds a Bachelor of Business and Masters of Business Administration.

Ian has over 40 years’ experience in sales, marketing and business development and has
worked in the financial services arena since 1986, including 14 years at the ASX until
December 2017. His role at ASX included developing and delivering educational sessions
for investors, self-managed super fund trustees and financial advisers. He is well acquainted
with the listed investment companies and trusts sector, having worked with many of its
member entities over his time at ASX. He has been Chief Executive of the Listed Investment
Companies and Trusts Association since January 2018. He holds a B. Com (UNSW) and has
been a members and trustee of a self-managed super funds since 1996.