AMP Capital Investors has appointed Boe Pahari as head of infrastructure Asia Pacific, a newly created role intended to further expand the firm’s investment activities in Australia and Asia Pacific.
Pahari joins AMP Capital on 22 March and will be based out the firm’s Singapore office, an AMP Capital spokeswoman told PEI Asia. He will oversee a team of investment professionals in Beijing, Mumbai, Shanghai and Singapore. In his new role, Pahari will report to Phil Garling, the firm’s global head of infrastructure.
Anoop Seth and Xiao Wei, currently the co-heads of infrastructure for Asia, will now report to Pahari. Seth is based in Mumbai and Wei in Beijing.
Pahari currently leads Foreshore Global Capital, a structured finance, corporate finance and capital markets advisory firm based in London and Mumbai. He began his career at Citigroup in Sydney and then worked for more than 13 years with ABN AMRO in Singapore, Amsterdam, New York and London. In this while, he worked in regional and global positions such as regional CFO Asia Pacific, head of infrastructure capital Americas, global head of integrated finance/ infrastructure capital and global head of structured capital.
Pahari is also admitted as a solicitor in Sydney.
AMP Capital is currently in the market for Asian Giants Infrastructure Fund, which is targeting $750 million. The fund saw a first close on $95 million in March 2009. Asian Giants Infrastructure Fund is focused on social, industrial and urban infrastructure. It invests primarily in unlisted companies engaged in the transport, power and energy, and telecommunications sectors.
At least 70 percent of the fund’s capital is to be invested in India and China, while the remaining capital will be allocated to other countries such as Hong Kong, Korea, Malaysia, Singapore and Taiwan.
AMP Capital, which has been investing in Asian infrastructure since 1994, manages more than $96.9 billion in funds under management as of 31 December 2009. It has invested more than $4.4 billion in infrastructure investments in Australia, New Zealand, Asia and Europe.