Rob Lang looks back on a tough year and ahead to what's in store in 2010.
How was the recession?
It clearly provided some challenges to our environment and for us and it meant putting a great deal of extra effort into understanding the market, customers and our investors and making sure we were listening and responding accordingly.
What was the biggest lesson you'll take out of it?
The importance of listening and adapting to change across a number of areas. The most significant event was engagement with unitholders over the issues of corporate governance and fee review. That's under way. There will be an update issued in February. In terms of transactions, the biggest was the $200 million capital raising and that really is a response to the recession and adjustments we've made.
Are we through the worst of it yet?
Yes, the worst is behind us.
What do you think is the thing most likely to trip up the recovery?
We're still in uncertain times which behoves people to be cautious and well-prepared.
As a business, the trust needs to ensure that we have a strong business and a strong balance sheet.
What will you be doing in 2025?
It's highly likely I'll be going fishing with my 16-year-old son and probably paying for my daughter's university education. Most people say they don't necessarily have more time when they retire. One thing I can tell you: I won't be riding my Vespa to work!
