First State Investments adds three to Europe's team

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
First State Investments adds three to Europe's team

First State Investments has hired Ross Barry, currently a contracted consultant at Towers Watson and previously its head of alternative investments. Barry will leave the consulting firm around Christmas to join one of its major clients in the new year.

First State Investments' CIO, Richard Brandweiner, has been adding professionals to his internal investment team since joining the fund from Perpetual Investments this year. Brandweiner was group executive of income and multi-sector products. He has hired, in the past quarter: Michael Blayney and Damien Webb from Perpetual and Justin Howell, another former Perpetual manager who recently completed a short stint at Tria Investment Partners.

Barry, one of the most experienced alternatives researchers at any of the major consulting firms, will head up First State's research efforts. He recently moved from a full-time role at Towers Watson to a part-time contracting position. Towers Watson shares the consulting role at First State with JANA.

Martin Drew, a former CIO of the related State Super (STC) fund, is currently a consultant to First State heading up listed and unlisted infrastructure research.

In September 2013, sources announced that First State Investments has raised €600 million in equity in a second wave of fundraising for its European Diversified Infrastructure Fund. The fund had already announced in 2011 that it had raised more than €600 million.

List of country news

Country news

  • November 11, 2013

    3i Group completes acquisition of Barclays Infrastructure Funds

    3i Group plc has announced today the completion of the acquisition from Barclays Bank plc of Barclays Infrastructure Funds Management Limited, its European infrastructure fund management business. Read more
  • November 12, 2013

    Gravis Capital Partners launches $250m Gulf infrastructure debt fund

    A UK-based investment firm, Gravis Capital Partners LLP, has announced it is launching its GCP Sovereign Debt Infrastructure fund, a $250m (£156m) debt infrastructure fund to provide financing for major power and water projects in the Gulf. Read more
  • November 12, 2013

    PensionDanmark acquires 40 % stake in Dutch gas pipeline for $240m

    PensionDanmark and the Abu Dhabi-based energy company TAQA, has entered into a deal where PensionDanmark acquires a 40% stake in NGT, the owner of an offshore pipeline network carrying natural gas from fields in the North Sea for treatment in the Netherlands. Read more
  • November 13, 2013

    Foresight Solar Fund acquires UK's largest operating solar power plant

    Foresight Solar Fund Limited as announced it has completed the acquisition of the 32.2 MW Wymeswold solar power plant, the UK's largest operating solar power plant, for a net consideration of £43.7 million (excluding cash and accrued revenues of £1.3 million). Read more
  • November 13, 2013

    Hochtief wins Scottish campus DBFM project

    Ayrshire College has appointed the C3 consortium as the preferred bidder for its new £50 million campus in Kilmarnock. C3 is composed of Hochtief PPP Solutions, Hochtief FM and McLaughlin and Harvey. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.