Macquarie Infrastructure and Real Assets appoints Technology and Innovation Director
London, 22 Jun 2018
Macquarie Infrastructure and Real Assets (“MIRA”) today announced the appointment of Peter Durante as Managing Director to co-ordinate the ongoing application of new and emerging technologies across MIRA’s asset portfolio in Europe, the Middle East, and Africa (EMEA).
The newly created role will see Peter enhance and co-ordinate the work of MIRA’s asset management teams in identifying and applying technologies that may impact the operational and environmental performance of existing and future portfolio assets.
Joining MIRA’s team in London, Peter brings over 18 years of experience in the infrastructure, energy, and renewables sectors. He joins from Saudi Aramco where he was most recently Head of New and Emerging Technology and Market Intelligence for the Renewables division. There, Peter led an initiative to help support national renewables deployment for the Kingdom of Saudi Arabia, through enhanced research and development in commercial clean technology.
Peter started his career at Royal Dutch Shell plc (“Shell”) where he built broad experience in strategy consulting, procurement, risk and supply management, and commodities trading. This included the creation and integration of environmental products to Shell’s trading portfolio. After Shell, Peter served as a consultant to a range of industrial and financial clients, advising them on emissions trading policy, alternative retail models, renewables, and transport electrification.
“The intersection of technology and real assets has long been an exciting and critical area for the assets we actively manage on behalf of our investors” said Leigh Harrison, Head of MIRA EMEA, commenting on the announcement.
“We continue to explore how technology can be applied to enhance the performance of assets in our portfolio, and indeed consider the potential disruption of new technologies to our long-term investments. We are excited that Peter has joined the team given his impressive track record of innovation and the latest applied thinking to support our growth."
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About Macquarie Infrastructure and Real Assets (MIRA)
More than 20 years ago Macquarie Infrastructure and Real Assets (MIRA) pioneered investment in a new asset class for institutional investors – infrastructure.
Today we combine two decades of experience and expertise to identify and unlock investment opportunities in the assets that people use every day – extending beyond infrastructure to real estate, agriculture and energy.
Managing investments that underpin economies and communities requires a careful balance of local knowledge, experience and foresight to create enduring value.
Our dedicated operational and financial experts in each region work closely with our global network to help our clients to see across the regions and deep into local markets, working where our funds invest and portfolio companies operate.
As at 31 March 2018, MIRA has assets under management of more than €96.9 billion invested in 148 portfolio businesses, ~330 properties and 4.5m hectares of farmland. MIRA is a division of Macquarie Asset Management, the asset management arm of Macquarie Group, a diversified financial group providing clients with asset management, banking, advisory and risk and capital solutions across debt, equity and commodities.