The Global Listed Infrastructure Securities team comprises six dedicated investment professionals based in Sydney and Hong Kong. The team, led by Peter Meany, has more than 10 years average investment experience and its members have a diverse range of skills and backgrounds which provide depth and breadth to the investment process.
Infrastructure is an emerging investment sector requiring specific experience and specialist skills. First State’s team is led by Peter Meany who has 10 years experience in infrastructure and utilities sectors. Peter is joined by Andrew Greenup who has a broader equities experience and they manage the fund from Australia.
The team can also draw on the resources of First State’s broader investment team including specialists in Asia, global resources, property and direct infrastructure investment.
Peter Meany - Head of Global Listed Infrastructure Securities
Peter joined First State Investments in January 2007 as Head of Global Listed Infrastructure Securities. Peter brings over 10 years experience in the infrastructure and utilities sectors. At Credit Suisse Equities (Australia), Peter was responsible for research coverage in these sectors. He received top rankings in a number of industry surveys and was involved in numerous company defining corporate transactions. Prior to Credit Suisse, Peter was an analyst at Macquarie Equities when the infrastructure sector was in its infancy.
Andrew Greenup - Portfolio Manager
Andrew joined the team as Portfolio Manager in 2007. He brings to this role over 10 years investment experience, a strong stock picking track record and portfolio management experience. Prior to joining First State Investments, Andrew worked at Allianz Global Investors as a senior analyst in Australian equities. Before funds management, Andrew worked at Credit Suisse First Boston as an equities analyst for eight years. During his time in financial markets, Andrew has researched a broad cross section of industries including Infrastructure, Utilities, Transportation, Developers & Contractors, Retailing, Food & Beverages, Gaming, Media, Insurance and Diversified Financials.
Ofer Karliner – Senior Analyst
Ofer joined as a Senior Analyst in 2011. He was previously Head of Transport Infrastructure at CP2, an Australian based asset manager with more than $2bn invested in listed and unlisted infrastructure. Ofer was responsible for valuation of transport infrastructure assets and generation of investment ideas for listed and unlisted opportunities. Prior to CP2, he was a Senior Equity Analyst responsible for infrastructure research at Macquarie Securities, the #1 rated broker in the sector during this time. He previously worked at the Roads & Traffic Authority (NSW) as a Senior Analyst, Infrastructure Finance where he was responsible for the evaluation of financing of private toll road projects. Additionally, Ofer worked as an asset consultant in London for five years, and as an Industry Analyst covering chemicals and pharmaceuticals.
Edmund Leung – Analyst
Edmund initially joined First State Investments in January 2007. His investment experience over this time included smaller companies analysis with the Asia-Pacific/Global Emerging Markets team in Hong Kong and credit analysis for a number of sectors with the Global Fixed Interest and Credit team. Edmund joined the team as an Analyst in February 2009. Prior to joining First State Investments, Edmund was an Actuarial Analyst at Aviva Australia conducting financial modelling and analysis of wealth management products.
Rebecca Sherlock – Senior Analyst
Rebecca joined First State Investments in April 2008 as a Senior Analyst in the Global Listed Infrastructure team. Prior to joining First State Investments, Rebecca worked for Ernst & Young’s Transaction Advisory Team in Australia, advising both Government and Corporate on Public-Private Partnerships. Through her time at Ernst & Young, Rebecca provided financial advice to a public utility through an acquisition process; advised Governments on the procurement of toll roads in Queensland and Victoria; produced detailed financial models for the private sector with regard to rail, defence and desalination projects; and provided advice to a Western Australian Port Authority. Prior to this, Rebecca worked for Grant Thornton (UK) advising the Public Sector on PFI projects. Rebecca worked mainly on social infrastructure projects for schools and hospitals.
Jin Xu – Senior Analyst
Jin joined the team as a Senior Analyst in June 2010. Prior to joining First State Investments, Jin was with Deutsche Bank Hong Kong where she was responsible for the infrastructure equity research, in particular railway and toll road stocks, in Hong Kong and China. Before joining the research team, she has also held various positions within the company including Foreign Exchange Structuring /STIRT Model Trading and associate in the Real Estate Private Equity Group analyzing the Asia REIT industry. Before Deutsche Bank, Jin worked for RSM McGladrey New York and PriceWaterhouseCoopers Shanghai on audit projects.
