Edwards follows Montgomery to IFM

Anthony Edwards has followed Alec Montgomery from RBS to fund manager Industry Funds Management (IFM) in New York. When Montgomery left RBS for IFM in 2008, Edwards assumed the role as RBS’ head of infrastructure financing for North America that Montgomery left behind.

The New York office of Melbourne, Australia-based fund manager Industry Funds Management (IFM) has appointed Anthony Edwards as an investment director.

In making the move, Edwards teams up with the man whose role he took over at RBS. Montgomery departed RBS as head of North American infrastructure financing in 2008 in order to head up IFM’s newly established New York office as head of infrastructure for North America.

Edwards has 11 years’ experience in infrastructure altogether across a broad range of asset classes in the US and Europe.

In an email sent to Infrastructure Investor, Montgomery said Edwards’ hiring “continues the expansion of the IFM platform in the US as we continue to see attractive investment opportunities and increasing demand from investors for the IFM Global Infrastructure Fund.”

In February this year, IFM hired former Macquarie senior managing director Brian Clarke in New York as executive director of business development for North America. At the same time, the firm hired former Macquarie senior vice president Annabel Wiscarson for the equivalent role in London, as well as Umberto Mecchi as executive director for global marketing based in Melbourne. 

Following the establishment of its New York office, IFM raised $550 million in commitments from 20 US investors, accounting for around one-sixth of commitments to the global fund. Most of these investors were Taft-Hartley funds, a type of pension scheme for labour unions that came into existence as a result of the eponymous Taft-Hartley Act.

IFM was formed in 1990 with the launch of the Development Australia Fund, created by Australian superannuation funds to invest in growing Australian private and public companies and infrastructure. The firm is owned by 35 superannuation funds, which are the major investors in its funds. The firm has offices spread across Australia, Europe and the US.