UK renewable infrastructure manager eyes Australian market

28 June 2019
| By Oksana Patron |
image
image
expand image

UK-based global renewable infrastructure and private equity manager, with A$5.3 billion under management, Foresight Group, has announced the appointment of Kim Nguyen as its new head of Australian operations to lead its expansion across the Australian energy infrastructure sector.

Nguyen, who had global experience across energy and infrastructure projects, would oversee the launch of new local investment products with a focus on energy and infrastructure. She would also manage the Foresight Renewable Energy Income Fund (FREIF) which was due to launch in August and would look to maximise the opportunities in Australia’s debt markets to provide an attractive risk-adjusted return on infrastructure debt to Australian wholesale investors.

“Kim Nguyen is hugely qualified to lead our Australian operations. She has an impressive track record with market leaders. She will provide the guidance and innovative leadership that will create value for Foresight, its investors, and the Australian economy,” Foresight’s head of infrastructure, Nigel Aitchison, said.

Prior to this, Nguyen held a number of roles at Macquarie Capital, Origin Energy, Hastings Funds Management and established her own investment advisory consultancy.

Foresight, which had more than A$3.7 billion of energy infrastructure assets, including more than 100 operating solar plants in the UK, Southern Europe and Australia, said it also managed A$400 million across four Queensland solar farms and the Bannerton project in Victoria.

The company said its expanded operations in Australia would mirror its portfolio in Europe which covered other energy assets including wind, bioenergy and flexible generation.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 5 days ago