The firm has appointed Nadir Maruf as chief investment officer for alternatives. He will be responsible for the management and investment performance of the firm’s alternative and infrastructure offerings, according to a statement from the firm.
Prior to joining the company, Maruf was partner and chief executive officer at Daestrum Capital.
In the newly created role based in Singapore, Maruf will report to Virginie Maisonneuve, the firm’s chief investment officer.
Duncan Black has joined the newly created team as investment director. Prior to the new role, he was partner and chief financial officer at Daestrum.
The new team aims to combine the firm's private equity and infrastructure capabilities, its Singapore-based spokesperson said.
Maisonneuve said in the company’s statement that the team was created with the goal to seize opportunities that stem from a global shortfall in infrastructure, the region’s economic growth and demographic shifts.
Alternative assets in Singapore grew 17% to S$478bn ($351bn) last year, with real estate, private equity and venture capital contributing the bulk, according to the Monetary Authority of Singapore’s asset management survey.