Federation

Jason Walter is a founding Partner of Federation. Over fifteen years he held national roles in leasing, development, and capital transactions at institutions including Lendlease, Stockland, and Mirvac, and later spent five years on his own developments and investments spanning education, commercial/retail, and waste recycling. He holds a Bachelor of Business with a double major in Banking and Finance and Accounting, with experience across retail, commercial, and industrial sectors in Australia.

Stephen Panizza is a founding Partner of Federation. He previously served as Chief Investment Risk Officer at Australia's Clean Energy Finance Corporation, and before that was a Senior Managing Director at Macquarie Capital, where he led the Principal Investment division in Asia. He has over thirty years in financial services, including fifteen years in Asia, and holds a Bachelor of Economics and an MBA from the University of Western Australia.

Neil Brown is a founding Partner of Federation. He previously served as a Division Director in Macquarie Group's Corporate and Asset Finance Principal Finance team, the balance sheet investment arm of Macquarie Bank, and has over eighteen years of experience in investment, investment management, and corporate advisory. He holds a Bachelor of Commerce and Economics with First Class Honours from the University of Queensland and is a Graduate Member of the Australian Institute of Company Directors.

Andrew Huynh is an Associate Director at Federation. He previously spent nearly six years in investment banking, working on M&A and capital raising deals for financial institutions and real estate clients, including a role at Citi's investment banking division in Sydney. He holds a Bachelor of Commerce in Finance and Accounting from the University of New South Wales.

Ashley Trbojevic is an Investment Director at Federation, working across investments including Synergis, Sentinel, and several of the firm's private equity portfolio companies. She previously worked in Morgan Stanley's investment banking team in Sydney and has seven years of career experience. She holds a Bachelor of Commerce in Finance and Economics from the University of Sydney.

Ben Murray is an Investment Director at Federation. He previously spent nearly eight years in investment banking working on M&A and capital raising transactions across the energy transition, real assets, and natural resources sectors, with roles at RBC Capital, Morgan Stanley, and Macquarie in Sydney. He holds a Bachelor of Commerce and First Class Honours in Finance from the University of Sydney.

Charles Davis has more than 18 years of experience in banking and funds management across Australia and the United States. Before Federation, he worked at PwC and NAB, where he was a senior member of the Project Finance business handling origination, execution, and management of infrastructure assets. He holds an undergraduate degree in Business and a Master's in Applied Finance.

Lisa Peng is an Asset Management Director in Federation's Real Estate Division, having joined from Nuveen Real Estate, where she helped establish a value-add PBSA venture in Australia. Her experience spans capital transactions, asset management, and development management across office, retail, industrial, and housing, with prior roles at St George Bank and ANZ. She holds a Master of Professional Accounting from Macquarie University and has passed CFA Level II.

Rebecca Thomas is Head of Responsible Investment at Federation, where she leads the integration of ESG considerations into the firm's investment strategies. She previously led the Impact Investing team at Social Ventures Australia and held roles in debt capital markets, debt advisory, and investment management at Barclays Capital, Lloyds Banking Group, and GE Capital across Europe and Australia. She holds a BSc (Honours) in Chemistry and Management Studies from University College London and is a Graduate Member of the Australian Institute of Company Directors.

Christina Catanzariti has more than seven years of experience in the investment management industry and joined Federation from a comparable role at QIC. She holds a Bachelor of Arts in Communication (Information and Media) and International Studies with an Information Technology focus from the University of Technology, Sydney.

Cynthia Makokha is a Senior Accountant at Federation with ten years of experience in project, corporate, and fund accounting across various industries. Before joining the firm, she handled corporate and property fund accounting for the management, healthcare, and property finance team at Barwon Investment Partners. She earned a Bachelor of Commerce and a Bachelor of Business from the University of Newcastle in Australia.

Federica Delvecchio works in accounting and auditing, having begun her career as an accountant before becoming an auditor at PwC Italy in Milan, where she covered companies in the financial and real estate sectors. She holds a degree in Business Administration and a Master in Economics and Business Management from the University of Pavia in Italy.

Lincoln Wahl is the Chief Financial Officer at Federation, which he joined in 2021, and has 17 years of experience in finance, accounting, and fund operations. He previously worked at Stafford Capital Partners, served as AVP of Finance at Pillar Capital Management, and was an audit senior at Deloitte. He holds a Bachelor of Commerce in Accounting and a postgraduate diploma in accounting, and is a member of the South African Institute of Chartered Accountants and CPA Australia.

Loretta Nicelli has more than twenty years of accounting and bookkeeping experience across various industries, gained while living in Italy. She relocated to Australia in 2014 and has worked in the real estate and education sectors. She holds an International Diploma in Accounting and Business Studies.

Matt Shields is an Investment Associate at Federation. He previously worked as an Associate in Goldman Sachs' natural resources team in Sydney, where he focused on M&A and capital raisings in the energy and infrastructure sectors. He earned a Bachelor of Commerce and Laws with First Class Honours from the University of New South Wales.

Nick Flint has more than twenty years of experience in property development and construction, having held senior positions at Sunland Group and ACP Limited, a company managed by Morgan Stanley Real Estate. His work has spanned multiple asset classes, including the delivery of over 30 childcare developments along Australia's eastern seaboard, the refurbishment of three office towers in Auckland, and serving as Development Director on a $250 million, 446-apartment multifamily development at Varsity Lakes on the Gold Coast.

Ryan Coulter is an Investment Associate at Federation. He previously worked at Scape Australia and PwC, where he was involved in M&A transactions, and has five years of experience across the real estate and infrastructure sectors in Australia and New Zealand. He holds a Bachelor of Commerce (Finance and Economics) and Arts (International Relations) from the Victoria University of Wellington.