Board of Directors

Mr Frank Zipfinger
Frank Zipfinger
Independent Chairman

Mr Frank Zipfinger has over 25 years experience in the property industry.

Mr Zipfinger was appointed Independent Chairman of Aspen Group in November 2011. He is also Chairman of the Nomination and Remuneration Committee and a member of the Audit Committee.

He was formerly a Partner in the Property, Construction & Environment practice of the Sydney office of Mallesons Stephen Jaques where he specialised in property investment and development. Frank was also the Chairman of Mallesons Stephen Jaques from 1 February 2005 until 30 June 2010. Prior to this appointment, Frank completed over five years in various roles as a Managing Partner with the firm.

Frank is a Member of the Australian Institute of Company Directors. He is also a member of the Executive Committee of the St Joseph's College Indigenous Fund, a member of the board of the Melbourne Business School and President of the School's Alumni Council, a director of the Australian Youth Orchestra and a director of the Australian Boards of the international not-for-profit organisations Room to Read and Grameen Australia.

Frank is a Director of Galileo Japan Trust and was appointed Non-Executive Director of Aspen Group Limited on 31 January 2011.

Mr Clem Salwin
Clem Salwin
BA (Honours)
Chief Executive Officer

Mr Salwin has over 25 years' experience across real estate funds, investment, management, development, investment banking and corporate management. He was most recently the Acting CEO of Valad Property Group, the ASX listed REIT, with operations across Australia and Europe.

Prior to Valad, Mr Salwin was a real estate investment banker with UBS, having been based both in Australia and Japan. Before then, he was with Bankers Trust Australia, responsible for real estate funds management.

Mr Salwin was appointed as Managing Director and Chief Executive Officer of Aspen Group from 1 July 2013.



Mr Clive Appleton
Clive Appleton
BEc, MBA, AMP (Harvard), GradDip (Mktg), FAICD
Independent Non-Executive Director

Mr Appleton has had a successful career in property and funds management with over 30 years' experience in some of Australia's leading retail property investment, management and development groups.

Mr Appleton holds a Bachelor of Economics and a Post Graduate Diploma of Marketing. He has a Master of Business Administration from Monash University and has completed the Advanced Management Program at Harvard University.

In 2005 Mr Appleton joined APN Property Group as Managing Director and he is currently the Executive Director responsible for managing APN's Private Funds division.

From 1997 to 2004, Mr Appleton was the Managing Director of the Gandel Group Pty Limited, one of Australia's leading retail property investment, management and development groups where he was involved in the development of $1 billion worth of property.

Mr Appleton's early career was spent with the Jennings Group where, from 1986, he held senior executive roles, responsible for managing and developing the retail assets jointly owned by Jennings Properties Limited (JPL) and Jennings Property and Investment Group. In 1990, following a restructure of JPL to become Centro Properties Limited, Mr Appleton became Managing Director of Centro where he was involved in the acquisition and redevelopment of the Myer Brisbane Centre.

Mr Appleton is currently Chairman of AG Coombs Pty Limited and is a non executive director of Centro Retail Australia, the Gandel Group and Arrow International Group Limited.

Mr Hugh Martin
Hugh Martin
Independent Non-Executive Director

Mr Martin has enjoyed a successful career at Director and Senior Executive level with over 30 years' experience in major institutions in the property industry, internationally and domestically.

He started his career as an Accountant in South Africa before relocating to Australia. He holds a Bachelor of Business with a Double Major in Accounting and Finance, is a member of CPA Australia and a member of the Australian Institute of Company Directors.

Mr Martin was formally an Executive Director of Lend Lease and is currently acting as Consultant to Lend Lease Development.

From 1997 to 2001, Mr Martin was Chief Executive Officer of the joint venture between Mirvac and Lend Lease for the development, construction and sale of the Olympic Village, now known as the suburb of Newington in Sydney.

In an extensive career, senior executive roles held by Mr Martin included positions as Finance Director of Baulderstone Hornibrook, Director of Property Investment with the State Authorities Superannuation Board of NSW (now Dexus), Managing Director of Leda Holdings, Chief General Manager of Homebush Bay Development Corporation, General Manager of Special Projects at Westfield Holdings Limited, Project Director for Lend Lease Group; and National General Manager for the Apartments Development Division at Stockland Corporation.

Mr Guy Farrands
Guy Farrands
Independent Non-Executive Director

Mr Farrands has over 30 years' experience in direct and listed property markets both in Australia and internationally and across commercial, retail, industrial, residential and retirement asset classes. He was Managing Director and Chief Executive Officer of GEO Property Group (now VillaWorld Group) between 2007 and 2011. Previously Mr Farrands was Chief Executive Officer of Valad Property Group between 2005 and 2007, departing prior to Valad's acquisition of Crownstone/ Scarborough. Prior to that Mr Farrands was Head of Corporate Development and Investor Relations for Valad.

Mr Farrands' former roles included Division Director of the real estate division of Macquarie Bank's Investment Banking Group where he managed IPOs, equity raisings and mergers and acquisitions, Associate Director and joint head of property for Heine Management Limited and Manager in the Investment Sales Department at Jones Lang LaSalle.