Macquarie Asset Management debuts energy transition solution to Asian wealth

Macquarie Asset Management (Macquarie AM) has partnered with S64, a global alternatives fintech and solutions provider, to debut its semi-liquid, open-ended evergreen opportunity targeting energy transition infrastructure for the wealth management industry in three key regions: Europe, Middle East and Africa; Asia Pacific; and Latin America.

Macquarie AM has been investing in renewables since 2005. It managed approximately A$916.8 billion in assets as of September 2024.

“Macquarie’s strategy presents an exciting opportunity for private wealth investors to participate in the energy transition,” Elise Vaudour, head of wealth for MAM Green Investments, at Macquarie Asset Management, commented.

London-based S64 has been working with global managers and private banks across private equity, credit, real estate, infrastructure and impact to develop innovative solutions for private banks and wealth managers.

Last October, S64 partnered with Hg, a software investment manager, for the latter’s flagship Hg Fusion opportunity fund for wealth channel.

A strategic hire for Asian growth

Last month, Macquarie AM named David Chang as the new head of wealth distribution, Asia, reflecting its ambitions to expand solutions and distributions in the region.

Based in Singapore, Chang brings to the firm over two decades of wealth management experience. Most recently, he was head of Asia for business development at Lord, Abbett & Co.

Before that, Chang led JPMorgan Asset Management’s private bank distribution from 2018 to 2022.