Industry Funds Management (IFM) will open an office in Tokyo, Japan early in the New Year to be headed up by Eddy Schipper, currently the firms Executive Director of Business Development based in Melbourne.
The initiative comes at a time of extraordinary growth for IFM, with offices opened in Berlin this year and vastly enhanced capacity on the ground in the UK and US. 25% of IFM staff are now based overseas.
IFM CEO Brett Himburyt said the global growth of the firm was a very exciting development for both staff and investors.
“Under Eddy’s leadership, we will establish our Japanese office and hire our initial team, continue to build our profile with Asian stakeholders and like minded investors and introduce IFM’s culture and capabilities.”
“The Japanese team will initially concentrate on infrastructure debt sales, but over time will focus on infrastructure equity investors and developing the firms understanding of investment opportunities in the region.”
Mr. Himbury said that Mr. Schipper will also continue to oversee Australian business development, although a decision had also been made to hire a senior business development professional to backfill Mr. Schipper’s day to day sales role with Australian investors.
“Our clients increasingly seek investment opportunities in Asia and we believe that Tokyo provides a strong hub for accessing both Japan and the broader region.”
“We are optimistic that our unique model, alignment with investors and very strong investment results will translate well into Asia under Eddy’s leadership.”