Macquarie Power & Infrastructure Income Fund has appointed Michael Smerdon as its new CFO in Toronto.
Smerdon, currently a managing director of Macquarie Capital Funds Canada will become CFO and vice president of the fund on August 14. He will replace current CFO Harry Atterton, who is to leave the company.
The fund said in a statement Smerdon has extensive asset management and investment experience in North American infrastructure, covering roads, transportation, electric utilities, ports and social infrastructure. He joined Macquarie in 1998, most recently managing the group’s North American port investments in addition to capital raising for Macquarie Infrastructure Partners II, one of the two funds with a combined value of $5.5 billion that are under the control of Macquarie Infrastructure Partners.
Macquarie Power & Infrastructure Income Fund focuses on infrastructure assets across North America, with a special emphasis on the power sector. Its investments include a 45 percent stake in Leisureworld Senior Care LP, a long-term care home in Ontario.