Former Tyndall AM executive joins new real asset manager
Experienced investment executive Richard Lourey, whose previous experiences include senior roles at JP Morgan, Tyndall AM and Ord Minnett, is set to help lead a new Australian asset management company.
Lourey has been appointed managing director of Vysarn Asset Management (VAM), a subsidiary of water service provider Vysarn Limited, which is engaged in hydrogeological drilling, dewatering and test pumping services, and water consultancy businesses.
Its services are located at a number of mine sites across Western Australia.
VAM intends to target investment opportunities in water, infrastructure assets and associated opportunities to control, own and toll water.
James Clement, managing director, considered this an “important milestone” for the firm.
“We are very fortunate that a candidate of Richard’s calibre has chosen to join Vysarn to help lead and drive the funds management growth initiative,” he said.
Lourey is an experienced water and infrastructure executive and investor, bringing global capital markets expertise from roles based in London, Melbourne and New York.
He was the head of real assets at Tyndall AM for a year and a half.
His resume also includes over six years at JP Morgan leading equity sales for Australia and Asia, and founding water investment company AWARE Water.
Commenting on his appointment, Lourey said: “Vysarn has unparalleled insight into the water opportunities and challenges in Western Australia.
“It is a privilege to be given the opportunity to realise these opportunities for the benefit of our shareholders, traditional owner partners and future investors in the Vysarn funds.”
He will step into the role on 8 November 2023.
AUTHOR
Rhea Nath
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
