Macquarie reshuffles infrastructure roles
Macquarie Bank executive director John Hughes has been appointed chief executive of Macquarie Infrastructure Group (MIG), effective November 19.
Currently also head of the Prudential Group for Macquarie Investment Banking Group (MIBG), Hughes will replace Stephen Allen, who has in turn been appointed MIBG head of principal investment and prudential management.
Hughes, who has been with Macquarie since 1997, has held a number of roles in the infrastructure and resources sector, as well as in advising governments on development programs, according to MIG chairman Mark Johnson.
“His strong background in infrastructure projects — including a number of senior roles on toll road projects — makes him an excellent choice as MIG chief executive.”
Johnson also thanked Allen for his “significant achievements” at MIG, including the opening of the first toll motorway in the UK, the first lease of an existing toll road in the US, and the de-merger of the Sydney Roads Group.
“We now have an international portfolio of toll roads, which is delivering a strong performance, and we’re in a position to take advantage of exciting future investment opportunity,” he said.
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