First State Investments today announces Niall Mills’ appointment to Head of Global Infrastructure Investments of the Unlisted Infrastructure.
Wednesday, 27 May 2020
First State Investments (First State) today announces Niall Mills’ appointment to Head of Global Infrastructure Investments of the Unlisted Infrastructure business following Perry Clausen’s promotion to Global Chief Investment Officer.
First State is a leading manager of infrastructure investments with US$8.4 billion1 in unlisted infrastructure equity investments, and has been actively investing in long life infrastructure businesses since 1994.
London-based Mills joined the senior management team (SMT) as partner in the European infrastructure business in 2008, working alongside other SMT members Marcus Ayre, Danny Latham and Chris McArthur.
Mills welcomed the opportunity to lead the business, stating that the unlisted infrastructure business is in the best position it has ever been in.
“Our global infrastructure business has always been focused on delivering on our client promise of alignment, transparency and generating sustainable long-term value. Our hands-on proactive asset management coupled with our ESG philosophy and our commitment to making a real difference from the bottom-up is deeply embedded in our business,” he said.
The unlisted infrastructure business takes significant stakes in companies, often 100 percent ownership, ensuring effective engagement and partnership with the company’s management team.
In the past few months the Unlisted Infrastructure business has made a number of acquisition announcements, including agreeing to purchase 100% UFF Holdings Limited, the holding company for New Zealand-based fibre business Ultrafast Fibre Limited; acquiring a 49% stake in Anaergia's Rialto Bioenergy Facility in California; finalising its 100% acquisitions of the Vopak Terminal business in Algeciras (Spain) and Caldic Chemie terminal in Rotterdam (the Netherlands) and signing a contract to acquire a 45.1% stake in MVV Energie in Germany.
1 As at 31 March 2020
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For further information, please contact:
FTI Consulting (UK PR representative of First State Investments)
+44 (0)20 3727 1376
Sarah Mahomed Ross Communications Manager First State Investments
+44 (0) 20 7332 6844
About First State Investments:
First State Investments are stewards of over US$123.0 billion (as at 31 March 2020) in assets managed on behalf of a client base that extends across Asia, Australasia, Europe and North America.
With expertise across a range of asset classes and specialist investment sectors, our approach to investment is driven by a commitment to provide the best possible outcomes over the long term for our investors. To achieve this, we ensure our interests are aligned with our investors and uphold a culture of consistently acting in our clients’ best interests.
In Australia, First State operates as First Sentier Investors, having rebranded from Colonial First State Global Asset Management on 16 September 2019. First State operates as a standalone business owned and overseen by the Mitsubishi UFJ Trust and Banking Corporation (MUTB), a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc.
In the UK, issued by First State Investments (UK) Limited, which is authorised and regulated by the Financial Conduct Authority (registration number 143359). Registered office Finsbury Circus House, 15 Finsbury Circus, London, EC2M 7EB number 2294743. Outside the UK, issued by First State Investments International Limited which is authorised and regulated in the UK by the Financial Conduct Authority (registered number 122512). Registered office: 23 St. Andrew Square, Edinburgh, EH2 1BB number SCO79063.
First State Investments entities referred to in this document are part of First Sentier Investors a member of MUFG, a global financial group. First Sentier Investors includes a number of entities in different jurisdictions, operating in Australia as First Sentier Investors and as First State Investments elsewhere. MUFG and its subsidiaries do not guarantee the performance of any investment or entity referred to in this document or the repayment of capital. Any investments referred to are not deposits or other liabilities of MUFG or its subsidiaries, and are subject to investment risk including loss of income and capital invested.
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