MIRA appoints Americas co-head

14 December 2018 - 12:00 am UTC

David Fass has been appointed Americas co-head for Macquarie Infrastructure and Real Assets (MIRA), the firm announced 13 December.

Fass will move over from London, where he now serves as regional CEO for the Macquarie Group in Europe, the Middle East and Africa (EMEA). Fass will work alongside Graeme Conway, currently the head of MIRA Americas, in the firm’s New York office. The appointment is effective 1 April 2019, following a transition period.

Fass was appointed EMEA CEO in March 2011, when he joined Macquarie after 10 years with Deutsche Bank in London. He previously worked for JP Morgan Chase.

Paul Plewman will replace Fass as regional CEO in EMEA. Plewman joined Macquarie in 2005 and has led the firm’s EMEA Commodities and Global Markets business for 11 years. He will report to Macquarie Group CEO Shemara Wikramanayake.

MIRA’s activity in the Americas includes investments in the US, Canada and Mexico. Overall, roughly 30% of MIRA’s assets are located in North America.

MIRA’s US investments in 2018 included a USD 350m buyout of waste management firm Tunnel Hill Partners and its acquisition of a 50% stake in Dallas-based data center company Aligned Energy.  Both acquisitions were made from its Macquarie Infrastructure Partners IV fund, which is nearing a USD 5bn hard cap close, as reported. MIRA also bought a 90% stake in 267MW solar portfolio in Mexico.

MIRA holds roughly AUD 178bn (USD 128bn) in total assets under management as of September, according to the firm’s website.

 

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