The Company has entered into a management services agreement with Macquarie Infrastructure Management (USA) Inc. (the “Manager”), which defines the Manager's duties and responsibilities. Subject to the oversight and supervision of the Company's board of directors, the Manager directs the day-to-day business and affairs of the Company and its subsidiaries and investments.

Among the duties performed by the Manager are:

  • The carrying out of all of the Company's day-to-day management, secretarial, accounting, administrative, liaison, representative, regulatory and reporting functions and obligations and those of its managed subsidiaries and investments;
  • The establishment and maintenance of the company's and managed subsidiaries books and records consistent with industry standards and in compliance with the rules and regulations promulgated under the Securities Act, the Exchange Act and with GAAP; and
  • The identification, evaluation and recommendation, through the Company's officers, of acquisitions or investment opportunities and, if the Company's board of directors approves any acquisition or investment, the negotiation and management of such acquisitions or investments as a part of the Company's business under the management services agreement, on behalf of the Company and any relevant managed subsidiary.

The Manager seconds to MIC, on a permanent and wholly dedicated basis, the Company's Chief Executive Officer and Chief Financial Officer.

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Christopher Frost

Chief Executive Officer

Christopher Frost

Christopher Frost was appointed Chief Executive Officer of MIC effective January 1, 2018. Christopher is a senior infrastructure investor with over 20 years’ of international experience with Macquarie managed funds, the last 17 based in the firm’s London headquarters. He has extensive experience across capital raising, investor relations, M&A and corporate finance, board representation, governance, investment and fund management and driving strategic business development. Christopher was a member of the pioneering team at Macquarie Infrastructure and Real Assets (MIRA), leading the development of the specialized listed infrastructure funds model, including airport investment funds and the development of MIRA’s Real Asset platform working with investors globally.

Prior to joining MIC, Christopher served for three years as MIRA’s Chief Commercial Officer focusing on the strategic expansion of MIRA’s funds management platform by developing strategies and solutions for its investor clients in real assets including infrastructure, real estate, energy and natural resources. Prior to that he served for five years as Executive Director, Head of Strategic Projects for MIRA which involved, among other things, developing inorganic growth opportunities for MIRA. Christopher joined Macquarie’s Investment Banking Group in Sydney, Australia in 1995.

Christopher is also the Chairman of the Global Infrastructure Investors Association (GIIA). The GIIA is the leading industry body and the voice of the world's infrastructure investors; working with governments and regulators around the world to achieve the shared ambition of building and modernizing infrastructure.

Christopher holds a Bachelor of Economics (Hons) degree from La Trobe University in Melbourne, Australia.

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Liam Stewart

Chief Financial Officer

Liam Stewart

Liam Stewart is the Chief Financial Officer of Macquarie Infrastructure Corporation. Liam has approximately 13 years experience in acquiring, operating, and financing infrastructure assets in Australia, the United States, and Asia.

Prior to joining MIRA in April 2014, Liam was a Senior Vice-President and management partner at Global Tower Partners (GTP), a Macquarie-affiliated owner and operator of wireless telecommunications infrastructure and the largest private tower company in the Americas, where he had responsibility for all capital markets initiatives and led over a dozen domestic and international financings for GTP. Liam was also responsible for all treasury, capital and strategic planning, budgeting, forecasting, investor relations, and reporting initiatives at GTP and was instrumental in the sale of GTP to American Tower in October 2013 and the subsequent sale of GTP’s Mexican assets in May 2014.

Prior to joining GTP in 2009, Liam was employed by the Macquarie Group where he had day to day responsibility for a listed Macquarie affiliate’s North American media and telecommunications investments.

Liam has an MBA from the Kellogg School of Management at Northwestern University and a Bachelor of Arts and Bachelor of Laws from the University of New South Wales. Liam is also admitted to practice as a solicitor in the state of New South Wales.

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