InfraCo Asia Development Pte. Ltd. (IAD) announced the welcome to Mr John Walker AO as its newly appointed Chair, as of 15 January 2016, and Ms Amy Lee as a Non-Executive Director (NED) as of 1 January 2016.

Mr Walker, Executive Chairman of Infrastructure, Utilities and Renewables Asia for Macquarie Capital and Chairman of Macquarie Group of Companies, Korea, steps into the role of IAD Chair following the departure of Mr Kenneth Baxter, who was appointed to the Board in January 2012, and commenced as Chair in August 2012.

Ms Lee is a consultant with Singapore boutique law firm, Tan Kok Quan Partnership, where she specialises in infrastructure developments and government advisory work.

Ms Lee replaces Mr Peter Bird, who stepped down at the end of 2015, having served on the Board since IAD was incorporated in 2009. Ms Lee was formerly CEO and Director at Stewart Asia Investment Singapore Pte Ltd. Prior to joining Steward Asia Investment Pte Ltd, she was the Chief Executive Officer of Hogan Lovells’ Singapore office. Amy is also a Non-Executive Director at Clifford Capital.

Outgoing Chair, Mr Baxter, said.

“Mr Walker has a long, successful regional experience that will help expand InfraCo Asia in South East Asia and South Asia. On behalf of the IAD Board and management team, I would like to welcome him to what will be a very challenging position. During my time as Chair, I greatly appreciated the invaluable support of the IAD directors and staff, and their unfailing commitment.”

Mr Walker commented:

“I have seen first hand the success IAD has had in mitigating the risk associated with early stage infrastructure development in order to attract private sector participation. I look forward to contributing as the organisation pursues a range of growth opportunities.”

Mr Allard Nooy, IAD CEO, said:

“Mr Walker has extensive experience in Asia with infrastructure financing and Public-Private Partnerships. Not only that, but he possesses the sort of cultural awareness which is critical to working in South and South East Asia, and has strong infrastructure development leadership experience. The passing of the baton is always an important time for any leadership team. I would like to thank our outgoing Chair, Mr Baxter, for his hard work and dedication to positioning IAD so well to continue its expansion.”

Since becoming operational in 2010, with funding commitment of US$30 million, IAD now has funding commitment of approximately US$210 million, and almost US$80 million deployed.