Macquarie Group Ltd. has hired a new managing director as part of a push in Southeast Asia for the firm’s investing arm.
Macquarie Asset Management appointed Gabriel Ho to expand its coverage of the region, the company said in a statement Monday. Ho was formerly a partner at Southeast-Asia focused private equity firm Dymon Asia Private Equity, and previously worked at Baring Private Equity Asia, Macquarie said.
Ho led transactions that included the carve-outs of Asia Medical Enviro Services, port equipment firm RAM Spreaders, and Asia Integrated Facility Solutions, according to the statement.
Macquarie has been looking to deploy the billions it has raised as one of the world’s top infrastructure investors in emerging parts of Asia outside of China, Verena Lim, the Australian investment bank’s Asia chief executive officer, recently said. Macquarie’s former chief executive officer Nicholas Moore was appointed Australia’s special envoy to Southeast Asia in 2022 as the country seeks to expand financial ties and reshape the region’s relationships.
Demand for infrastructure investment is growing rapidly in Southeast Asia “propelled by several key factors, including rapid population growth and GDP expansion, which are leading to a burgeoning middle class with increased consumption needs and demands for higher quality infrastructure,” the bank said in its statement on the appointment.
