Leading GPs and LPs
Hans-Martin Aerts is a Managing Director and Head of Infrastructure Investments, Asia Pacific at APG Asset Management, one of the largest pension fund asset managers in the world with assets under management of approximately €483 billion (as at February 2019)
In February 2007, Mr. Aerts moved to Hong Kong to establish APG’s first office in Asia Pacific and has since been responsible for managing the infrastructure investments in Asia Pacific.
Prior to working for APG, Mr. Aerts was a Senior Portfolio Manager at ABP. He joined ABP in 2001 and has since worked in various areas, including infrastructure, structured finance and global equities. Mr. Aerts is a CFA charter holder, and holds an MSc in Economics from the Erasmus University Rotterdam in the Netherlands.
Andrew is the Founder and Managing Partner of Armstrong Asset Management, a private equity firm investing in renewable energy infrastructure in SE Asia. He also sits on the board and advises various RE investment and development businesses. He was formerly the CEO of Low Carbon Investors Ltd, a dedicated European clean energy fund management group. Prior to joining Low Carbon Investors in 2008, Andrew worked throughout Asia in various capacities. He has 30 years of asset management and investment banking experience in the region, and has specialized in renewable energy investments for the last 13 years. He is currently a member of the Asian Investor Group on Climate Change. Andrew holds an MBA in Finance from Leicester University and a PGCert in Climate Change and Sustainable Development from De Montfort University.
Mr Daniel Bircher is the Chief Executive Officer of Zurich Airport International Asia and is accountable for Zurich Airport’s regional office in Kuala Lumpur, Malaysia.
Prior to his role as CEO of Zurich Airport International Asia, he was Chief Operations Office at the Aeroporto International de Belo Horizonte (Brazil) being accountable for the operations of Belo Horizonte International Airport.
Mr Daniel Bircher has been Director Operations with Bangalore International Airport (India) and earlier Head of Safety and member of the Zurich Airport Operations Management at Zurich Airport where he was also responsible for liaison with Swiss, European and International regulatory bodies.
Mr Daniel Bircher was a long-standing member of the ACI World Safety Technical Standing Committee and Chairman of the ACI World Operational Safety Subcommittee.
Mr Daniel Bircher holds a Masters degree from University of Zurich and an MBA from University of St. Gallen.
For almost 20 years, Simon Cowled has represented private equity investors, developers, sponsors, banks and governments on a wide range of energy and infrastructure matters.
He has particular experience in transactions involving power plants, renewables (solar, battery energy storage, wind, energy-from-waste and biodiesel), LNG and LNG-to-power, oil and gas, commodity trading joint ventures, telecommunications towers, rail infrastructure, hotels and resorts, and sporting stadiums, helping clients to close numerous “Project Finance Deal of the Year” and “M&A Deal of the Year” transactions.
In the power sector, Mr. Cowled has advised on 40+ project development, financing and M&A matters involving 50GW+ of capacity. In the past 3 years alone, Mr. Cowled advised on US$9+ bn of energy M&A deals involving 14GW of power capacity across 200+ power projects and 12 regional import terminals in 10 countries.
Mr. Cowled was named a “Most Valued Player” for energy matters by Law 360, the only lawyer outside of the United States to receive this recognition last year. Mr. Cowled is also recognized as a leading practitioner for energy matters by Chambers Global, IFLR and Expert Guides.
George Currie is an Operating Director of I Squared Capital, an independent multi-billion-dollar global infrastructure investment company with over 125 professionals based in Hong Kong, Houston, London, Miami, New Delhi, New York and Singapore. The company specializes in infrastructure investments with over $13 billion of assets under management in the energy, utilities, transport and telecom sectors in the U.S., Europe and select high-growth economies including China, India and Latin America.
George has over 38 years of infrastructure project development, construction and financing expertise, garnered primarily in Asia.
Over his career, George has specialized in developing private–public partnership (PPP) and private-financed solutions across a full range of infrastructure sectors including the transportation (ports, rail and toll roads), energy and water sectors.
In developing delivery strategy solutions for major projects worldwide he developed the strategy for the recently-completed expansion of the Panama Canal, as well as that for the ongoing greenfield construction of Qatar's $35-billion national rail program. He is also experienced in the turnaround of failing projects, having successfully led the turnaround of distressed LNG, water, power, and transportation infrastructure projects and companies in emerging markets.
Sandiren Curthan is a Director within the Infrastructure Investments team of PSP Investments. Since joining PSP in 2011, he has been actively involved in the origination,execution and asset management of equity investments in all infrastructure asset classes across Europe, the Americas and Asia including the $1.5B acquisition of HOCHTIEF AirPort, a global airports platform. Curthan previously worked in Investment Banking and Infrastructure Advisory at BNP Paribas, PwC and Bank of Montreal in Europe and Canada.
Mr Devarshi Das is the CEO, Infrastructure at Keppel Capital, which is the asset management platform of Keppel Group. Keppel Capital manages over SGD30 billion of AUM across key global markets in the real estate, infrastructure and data centre asset classes.
Mr. Das has more than twenty (20) years of infrastructure private equity, principal investment and financial services experience. Prior to Keppel Capital, Mr. Das was the CEO of CapAsia, which is an infrastructure equity fund manager specializing in mid-market energy and infrastructure companies and assets in emerging Asia. Over a tenure of twelve (12) years in CapAsia, he was involved in all aspects of fund management of multiple funds. He was also on the board of various portfolio companies representing the power, renewable energy, transportation and telecommunications sectors.
Prior to CapAsia, Mr. Das was involved in structured finance solutions for Asian infrastructure assets and in principal investments in the U.S. He worked in the U.S. energy industry for Enron Energy Services as an asset investment manager and for Sempra Energy Solutions in investments into their contracted energy assets.
Mr. Das holds an MBA from the University of Chicago and a B. Tech in Civil Engineering from IIT Delhi.
Mr Grant Dooley is Chief Executive Officer (“CEO”) of ARA Infrastructure. He oversees the infrastructure division and is responsible for growing ARA’s infrastructure funds management business globally.
Mr Dooley has over 25 years of experience in Asia‐related investment and trade issues, strategic planning, business development and diplomatic relations. Prior to joining ARA, he was Head of Asia at Hastings Funds Management from 2012 to 2017, where he was responsible for leading Hastings’ operations in Asia, with a specific focus on market‐entry strategy, institutional investor relationship building and fundraising activities. During his tenure, he successfully formulated and implemented a new strategic business plan to establish Hastings as the partner‐of‐choice for Asian institutional investors seeking access to global infrastructure investment opportunities. Prior to Hastings, he had a successful career as one of Australia’s senior diplomats and trade officials in Asia, including serving as Australia’s Consul‐General in Guangzhou and stints in Australian diplomatic missions in Jakarta, Shanghai, Beijing and Hong Kong.
Mr Dooley was recently elected to the Board of the Asia Society Australia, and was previously a board member of both the Australia China Business Council (Victoria) and Williamstown Football Club, one of Melbourne’s oldest and most successful football clubs. Mr Dooley holds a Master of International Affairs and Bachelor of Asian Studies, both from the Australian National University.
Sunil is a business leader with global experience in renewable energy, new energy and digital technologies. He has more than two decades of experience with disruptive solutions and business models in semiconductors, electronics, Internet and energy.
Sunil has been involved in the renewable energy industry for more than a decade. Sunil developed renewable energy strategy at Sembcorp Industries in 2015 and grew the business to 2,600MW across five countries by end of 2018. In 2019, he transitioned to Vena Energy, which is operating and developing renewable energy assets in Asia Pacific. Current focus countries are Japan, Taiwan, Korea, Australia, Philippines, Vietnam, Malaysia, Singapore, Indonesia, Thailand and India.
Prior to his current role Sunil was global head of cleantech banking at Standard Chartered and global head of technology and global cleantech research at Morgan Stanley. During his term, Sunil steered these institutions to win many prestigious industry awards. He has had a firsthand experience of participating in the emergence of cleantech companies in Asia, Europe and the US. Over last 15 years he has led numerous capital markets, project financing and structured credit solutions for Cleantech and renewable companies in multiple regulatory and financial markets. Sunil has extensively engaged with regulators for structuring and formulating renewable energy policies.
Sunil earned B.Tech in Electrical Engineering from Indian Institute of Technology, Delhi and MBA from Indian Institute of Management, Ahmedabad, both in India.
Michael de Guzman joined KKR in March 2019 as a member of the Asia Pacific Infrastructure team. Michael de Guzman has over 20 years of experience in Asia Pacific infrastructure transactions, covering core and non-core infrastructure assets across various subsectors. Most recently, Michael was Head of Philippines for Credit Suisse. Prior to joining Credit Suisse, he spent 18 years with the Macquarie Group holding senior positions in both the Infrastructure Funds division and the Advisory division. He was involved in creating two significant infrastructure funds for Macquarie, the Communications Infrastructure fund and the PINAI Philippines infrastructure country fund. Over the last 10 years he has focused on the Philippines infrastructure sector. Michael speaks English and Filipino and holds an MBA from the University of Chicago and a bachelors degree from the University of Sydney.
Currently is the Chief Executive Officer of PT. Indonesian Infrastructure Finance.
Previously he was the Chief Financial Officer of PT. Jasamarga (Persero) Tbk, Indonesia’s State-Owned listed Toll-Road Company from 2006 until 2016, and from 2016 until 2019 was the CFO of PT. Pembangunan Jaya Infrastruktur.
Within his ten years tenure at PT. Jasamarga (Persero) Tbk, has brought the Company public through an International Global Offering and has an extensive knowledge in the Infrastructure Industry especially in the Toll-Road sector.
He completed his Bachelor’s Degree in Electrical Engineering from Trisakti University and Master Degree from Pelita Harapan University.
He has more than 15 years of experience in the financial sector, especially in the field of Investment and Capital Markets He began his career in 1991 at Nomura Securities and afterwards held several senior key positions at several national and multinational companies, such as Mees Pierson Finas, BII LendLease Investments and Indonesian Bank Restructuring Agency. Prior to being assigned at Jasa Marga, he was the President Director of PT PNM Investment Management from 2003 until 2006.
Aside from attending and speaking at international conferences, He is an Honorary Fellow at the Asean Federation of Engineers Organization.
Jason heads our Singapore energy, infrastructure and projects team. He specialises in cross-border project transactions, advising banks, export credit agencies, sponsors, project companies and procurers on a wide variety of projects, M&A and acquisition financing matters in the power (including renewables), infrastructure, and oil and gas sectors. Jason works on both the financing aspects and the development contracts associated with large projects across Asia. Given his jurisdictional coverage, Jason is an emerging market specialist and has advised on market-first, complex, innovative and award-winning projects across ASEAN and the wider Asia Pacific region. Jason is highly recognised in all major legal publications as a leading individual for projects and energy work.
Pushkar Kulkarni is an Electronics Engineer from VJTI with a Management degree from Jamnalal Bajaj Institute of management Studies, Mumbai. Before joining CPPIB, Mr. Kulkarni served as the Managing Director of Serco India with a board position. Serco was the 100% subsidiary of the British services firm Serco PLC, a FTSE 100 company then. Prior to Serco Mr. Kulkarni worked for 12+ years as the CEO of an Infrastructure Technology company, Efkon which was the 100% Indian subsidiary of a European Construction & Infrastructure giant, Strabag. During his times at Efkon he represented India at the International Standards Org (ISO) on several technical committees responsible for communication standards in road & transport infrastructure.
Prior experience of Mr. Kulkarni has been in Infrastructure broadly covering toll roads and traffic systems both from a technology and operations perspective. During his tenure he was involved in several M&A transactions including the disposal of Serco India post the parents’ decision to move out of India. He has worked on several marquee Infrastructure projects including:
1. Bandra – Worli Sea Link
2. Yamuna Expressway
3. Nationwide ETC
4. Indore BRTS
Post joining CPPIB he was responsible for the setting up CPPIBs Infrastructure practice in India. He also led the team that conceptualized and created India’s first private Infrastructure Trust (IndInfravit) in partnership with Allianz Capital Partners & L&T.
An experienced individual with proven leadership qualities and management styles in both public and private sectors, Laurence is Sunseap Group’s subject matter expert in the areas of electricity and integration to Electricity Market in Singapore and Asia Pacific. He has amassed years of managerial experience in a variety of corporate sectors across a wide industry spectrum. In addition to being a subject matter expert, Laurence also develops and oversees business development strategy, and risk management at the Group level.
Kian Min is responsible for business development for energy projects in Asia for JERA.
He brings with him two decades of experience in the power industry. Prior to joining JERA, Kian Min was Head of Business Development for ASEAN, Sembcorp Industries. At Sembcorp, he led the company’s expansion into Myanmar with the Myingyan IPP – the first internationally tendered and project financed power transaction in that country. He was also formerly the CEO of PT Paiton Energy – Indonesia’s largest IPP, during which he led the development, construction and operation to the 815MW coal fired Paiton III project. He has previously served as Deputy Regional Director (Asia), Head of Business Development (Australia) and General Counsel (Australia), for International Power plc (now part of Engie).
He is a graduate of The Australian National University with Bachelor of Commerce and Bachelor of Laws (First Class Honours) degrees.
Daniel Mallo is responsible for Société Générale's Energy, Infrastructure and Metals & Mining practice in Asia Pacific. The team's activities include conventional and renewable power, oil & gas, LNG, base and precious metals, transportation and social infrastructure. He is based in Hong Kong. Prior to that, he was a Managing Director in Société Générale's New York-based Energy Project Finance Group, where he was responsible for originating and executing transactions in the conventional power, renewable energy, LNG and oil & gas sectors in the United States, Canada and Latin America. Daniel has over 18 years of experience in structured finance and has focused on the Energy and Natural Resources sectors for the past 15 years.
Mr. Mallo graduated from Ecole des Hautes Etudes Commerciales (HEC) in Paris.
David Perl has over 15 years of experience across principal investing, merchant and investment banking. Mr. Perl earned a MSc in Finance and Accounting from the London School of Economics and a BSc from the University of Toronto. Currently, Mr. Perl is a Director on the Infrastructure & Timber direct investment team at the Alberta Investment Management Corporation (AIMCo). His focus is originating, analyzing, executing and managing investments in infrastructure assets primarily in the Americas. Investments he has led while at AIMCo include Howard Energy Partners (midstream), SPower (renewables), a midstream joint venture with WPX, and IGUA (a water sanitation company in Brazil).
Prior to joining AIMCo's Infrastructure & Timber private investments team, he was a Vice-President on the Investment Team at Bastion Infrastructure Group, where he was heavily involved in Bastion's purchase of an interest in a portfolio of rail infrastructure assets in Spain. Prior to Bastion, David was a Senior Vice President at Macquarie Capital Markets Canada Ltd. in Toronto where he led or worked on several large transactions that were valued in excess of CAD $5 billion. Mr. Perl led the capital raising and financial advisory teams on the 407 ETR East Extension, CHUM Research Centre, Windsor-Essex Parkway, Southeast Stoney Trail Project, the Toronto South Detention Centre, Billy Bishop Toronto City Airport Pedestrian Tunnel and Bridgepoint Hospital.
Raj Rao is a founding member and Partner at GIP. He leads GIP’s energy, power, water and waste related efforts in Europe and is based in London.
Mr. Rao led GIP’s investment in Borkum Riffgrund 2, CLH SA, East India Petroleum Limited, Vena Energy, Hornsey 1, Naturgy, Gode Wind 1, Saeta Yield / Bow Power and Transitgas.
He is also serves as the Chairman of the Investment Committee for GIP India’s infrastructure funds.
Prior to joining GIP in 2006, Mr. Rao was a Director with Credit Suisse, in the Mergers and Acquisitions Group specialising in energy and utilities transactions. Before joining Credit Suisse, Mr. Rao was a member of the project finance team within Barclays Capital in London, where he worked on several project and acquisition financing transactions in Europe. Previously, Mr. Rao worked within the Asian equity sales team of Kotak Securities (then an affiliate of Goldman Sachs) in Mumbai, India.
In his 24-year career, he has completed multiple transactions, including a number of complex mergers and acquisitions, privatizations, and financing transactions across the energy, waste and transport spectrum, in both OECD and emerging market countries.
Mr. Rao holds a Masters in Finance degree from the London Business School and an M.B.A. from Faculty of Management Studies, Delhi University. He is also a qualified electronics and telecommunications engineer.
Gabriel is currently the Commercial Director at Ferrovial Airports, leading the origination business within the division, with an active focus on Asia. He is responsible for evaluating new opportunities and markets, as well as equity partnerships. Prior to that, Gabriel was a Senior Corporate Development Manager, responsible for deal execution and strategy definition of airport assets and electricity transmission lines.
Before joining Ferrovial in 2016, Gabriel spent c.10 years in Investment Banking holding different positions at Nomura and UBS. During this period, he was part of the Investment Banking/M&A team in Madrid, and the Leveraged & Acquisition finance team in London. He has vast corporate finance experience having advised and completed multiple M&A transactions, raised public and private financing and equity, and participated in restructuring transactions for corporates and Private Equity firms with global reach.
He holds a degree in Business Administration and Management (specializing in Finance) and an MBA in management from the University of Deusto.
He speaks Spanish, English and intermediate level French.
Bin Chye is currently Director, Finance for the High Speed Rail Group within LTA and is in charge of the financing of the KL-SG HSR Project.
Bin Chye previously worked for Standard Chartered Bank, IFM Investors and Bechtel Enterprises, where he led and managed infrastructure investments totalling more than US$10 billion enterprise value in the transport and utilities sectors across Europe and Asia. He started his career with Bechtel in London, managing the delivery of large scale infrastructure projects including High Speed 1. Bin Chye is a CFA charterholder, and holds a Master's degree in Engineering from Stanford University and a Bachelor's degree in Engineering with Business Finance from University College London.
Mason has been involved in the development, due diligence, debt financing, and equity funding of over US$40 billion of infrastructure investments across Asia, the Americas, Middle East, Africa, and Australia on behalf of globally recognised financial institutions and advisory firms. He holds a Bachelor of Science in Chemical Engineering as well as a Master of Science in Mineral Economics, both from the Colorado School of Mines.
With 20 years’ experience in technical services consultancy, Carl Willis is the Market Leader for Asia at GHD. He works actively to expand GHD's presence in Southeast Asia, while also setting strategy and business development activities. Prior to this role, he was Country Manager of GHD's Philippines Operation which provided him with valuable insights into consultancy in Asia. He has also worked as Project Director for the Biliran Geothermal Project in the Eastern Visayas of the Philippines and as the Project Manager for the South Road Superway Design in Adelaide, which at the time was South Australia's largest ever investment in transport infrastructure.
He has a passion for effective team leadership, client-focused delivery and ethical involvement in nation-building projects within the Philippines and Southeast Asia.