Deutsche takes Aussie infrastructure global
By Liam Egan
THE Australian-based Infrastructure Investments business unit within Deutsche AssetManagement (DeAM) has been upgraded and expanded into a global operation.
Deutsche Bank has announced that the unit is to become a New York-based global business, with an additional hub in London, while the Australian hub will be expanded to cover the whole of the Asia Pacific region.
It will be re-branded RREEF Infrastructure Investments and sit within RREEF/DB Real Estate, the real estate investment management group of Deutsche Asset Management.
Shaun Mays, previously DeAM’s head of Australia, has been appointed global head of RREEF Infrastructure Investments and will relocate to New York.
Felicity Gates, described in a Deutsche Bank statement as being “instrumental” in building the infrastructure franchise in Australia, has been named chief investment officer, and will join Mays in New York.
Charles Leitner, global head of RREEF/DB Real Estate, said the success of the business in Australia since its launch in 1994 was key to the bank’s decision to expand its infrastructure business.
“We are uniquely positioned to transform the business into a global product and offer our clients worldwide an attractive investment option in an emerging asset class,” he said.
Recommended for you
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
Private market secondaries manager Coller Capital has unveiled a new education platform to improve advisers’ and investors’ understanding of secondaries.
