Australia's IFM opens Hong Kong office

"Our investors are increasingly seeking opportunities in Asia and an office in Hong Kong will allow us to continue to globalize our investment capabilities. We will work closely with regulators and professional investors in Hong Kong to meet regulatory requirements and investor needs," Brett Himbury, CEO of IFM, said in a statement.

The group expanded its presence in Asia two years ago by establishing a presence in Tokyo. It also has offices in Melbourne, Sydney, New York, London and Berlin, with more than 40% of investment professionals now stationed outside Australia.

While IFM's owners participate in funds and deals, it also raises capital from third-party institutions and currently represents more than 190 institutional investors. The group has A$70 billion ($51.8 billion) in assets under management, comprising A$21 billion in debt, A$15 billion in listed equities, A$31 billion in infrastructure, and A$2 billion in private equity.

IFM's infrastructure assets are spread across North America, Europe and Australia. Most recently, it teamed up with AustralianSuper to acquire a 50.4% interest in a 99-year lease of Ausgrid - part of the New South Wales electricity distribution network - for A$16.2 billion. Last year, IFM sold Australia-headquartered renewable energy platform Pacific Hydro to China's State Power Investment Corporation.

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• Topics
• Greater China
• Australasia
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• Australia
• Hong Kong (China)
• Appointments