Senior Macquarie exec joins Hastings’ London team

Olivier Schubert brings more than 14 years of infrastructure experience as he joins Hastings Funds Management’s European equity team, in London. He was previously a senior vice president at Macquarie Capital Europe.

Australian fund manager Hastings Funds Management has added a new director to its European infrastructure equity team with the hire of Olivier Schubert, to be based in London.

Schubert, formerly a senior vice president at Macquarie Capital Europe, is a 14-year industry veteran. During his tenure at Macquarie, Schubert originated and completed several M&A deals and successfully put together various syndicated debt packages for the gas, renewable energy and electricity sectors.

Hastings has been beefing up its equity and debt teams this year. In April, the fund manager hired Nick Cleary, based in London, and Tim Cable, stationed in New York, as directors for its infrastructure debt business. Both came from Westpac Institutional Bank, where they held senior positions.

“These appointments ensure that we have senior and specialised investment expertise across both infrastructure equity and debt in each of the major global capital markets to support our clients and capitalise on the opportunities in infrastructure investing currently available throughout the Northern Hemisphere,” Andrew Day, Hastings’ chief executive, commented in a statement. 

In related news, Nadia Karkar joined Hastings’ Melbourne office as an associate director from law firm Weil, Gotshal & Manges. She will boost the fund manager's business development and transaction resources.

Hastings has been in the headlines recently over the takeover battle for its Hastings Diversified Utilities Fund, an important pipeline operator in Australia.

APA, Australia’s largest natural gas operator, is now on track to buy the fund following a fierce battle with a rival team of Canada’s Caisse de depot et placement du Quebec and Utilities Trust of Australia.?? ?

Hastings has been in the headlines recently over the takeover battle for its Hastings Diversified Utilities Fund, an important pipeline operator in Australia. APA, Australia’s largest natural gas operator, is now on track to buy the fund following a fierce battle with a rival team of Canada’s Caisse de depot et placement du Quebec and Utilities Trust of Australia.??