London, 14 December 2018
Macquarie Group (“Macquarie” or the “Group”) today announces the appointment of Paul Plewman as regional CEO for Macquarie Group in Europe, the Middle East and Africa (EMEA), subject to regulatory approvals. Paul will replace David Fass, who has been appointed as Co-Head of Macquarie Infrastructure and Real Assets (MIRA) for the Americas, effective 1 April 2019 following a transition period.
Based in London, Macquarie’s hub for the EMEA region, the regional Chief Executive role includes coordinating the Group’s activity and strategy in the region, chairing the EMEA Management Committee, promoting cross-group collaboration and leading the Group’s external and regulatory engagement.
Paul has worked with Macquarie for almost 14 years and has led the Commodities and Global Markets business in EMEA for the past 11 years. He’ll become a member of the Group’s Management Committee and report to Macquarie Group CEO, Shemara Wikramanayake.
Macquarie has operated in EMEA since 1989 and now has almost 2,000 staff in 17 locations, with the majority based in the UK. During David’s seven-year tenure as regional CEO, the EMEA region has recorded record growth. In FY 2018, EMEA contributed 29 per cent of Group total income ($A3,076 million; £1,760 million), up from $A1,009 million (£577 million) in FY 2011.
EMEA continues to be a hub for the Group’s global activities, from which both Macquarie’s infrastructure asset management business, MIRA, and its green principal investment business, the Green Investment Group are led. The EMEA business has $A112 billion (£64 billion) of assets under management, invested across businesses and assets which employ almost 50,000 people. As one of the largest investors in UK infrastructure in the past three years, Macquarie has led £15b of green investment into the UK alone.
Recent landmark transactions include: the acquisition of the UK Green Investment Bank from the UK Government; the takeover of Danish telecoms business TDC A/S by a Macquarie-managed fund alongside a consortium of Danish pension funds; the acquisition of specialist asset management business ValueInvest in Luxembourg and German based real estate fund manager, GLL; and leading a consortium to design, build, finance and maintain one of the largest European PPP projects, the €1 billion Blankenburg tunnel connection in the Netherlands.