African Infrastructure Investment Managers (AIIM), the infrastructure investment joint venture between Macquarie and Old Mutual, has appointed Ed Stumpf as a director of asset management in its office in Cape Town, South Africa.

Mr. Stumf joins from Standard Chartered Bank where he was Director of Advisory and Infrastructure Finance. He worked on the origination and execution of Corporate Advisory and Project Finance transactions across a range of infrastructure sectors (aviation, telecom, infrastructure, renewable energies, industry) with focus on Africa.

Previously, Ed Stumpf started as a Manager in the Group Treasury team. In this role, he was responsible for a number of areas related to capital management, hedging of FX and interest-related risks related to capital issuance or group exposures, modeling of capital requirements for the business or potential acquisitions, management of capital injections into and dividend receipts from group businesses and a range of other areas.

In mid August we announced that African Infrastructure Investment Managers (AIIM) had also appointed Romain Py as Head of Transactions.

AIIM is a joint venture that was established in 2000 by Macquarie Africa (Pty) Ltd, a member of the Macquarie Group of Australia, and Old Mutual Investment Group (South Africa) (Pty) Ltd. AIIM is the leading manager of unlisted infrastructure equity funds in the Sub-Saharan region and draws upon the considerable experience of its shareholders.

The firm typically invests in greenfield and brownfield infrastructure assets such as toll roads, rail, airports, power generation and renewable energy. The firm seeks to invest between ZAR140 million (USD13.75 million) and ZAR900 million (USD88.45 million). It considers equity stakes between 26% and 80%.