Armstrong Asset Management expands Investment Team for SE Asia's first Clean Energy Fund
Armstrong Appoints Additional Investment Director
Singapore based-Armstrong Asset Management has appointed as Investment Director, Yasushi Ujioka, who has 17 years’ experience as an engineer and investment professional in the water, power generation and energy efficiency sectors across Europe and Asia.
Yasushi will be directly involved in the newly established US$150 million Armstrong South East Asia Clean Energy Fund which is set for final close in August 2013. He will have co-responsibility for deal management and origination across the Southeast Asia with a primary focus on Indonesia and will also lead the firm’s investment in the resource efficiency sector.
“As Armstrong’s investment strategy is to provide development capital to small-scale renewable energy and resource efficiency projects that help address the urgent energy needs of emerging markets in Southeast Asia, Yasushi’s engineering and project management experience makes him a valuable addition to the team operational capability and depth,” said Andrew Affleck, Managing Partner of Armstrong Asset Management. “He brings a good Euro Asian blend of cultural knowledge and is familiar with the multicultural business and investment environment in SE Asia.”
Yasushi has closed investments in Asia totalling US$240 million between 2007 and 2011. Most recently, he was the Investment Director at Swiss-Asia Financial Services Pte Ltd., the asset management firm of the China District Energy Fund.
When he was Business Development Director for Asia for the Dalkia Group, the energy division of Veolia Environnement, he spearheaded business development in new markets in North East and South East Asia in the field of energy efficiency, district energy and biomass CHP (Combined Heat and Power). Yasushi previously held a senior management position with Degrémont, the water treatment division of Suez Environnement, at its global headquarters in Paris.
With a BSc and MEng degree in Urban & Environmental Engineering from the University of Tokyo and an MBA from INSEAD, he combines a strong technical background in environmental technologies with hands-on experience in origination, development, execution and operation of energy projects in Asia.
About Armstrong Asset Management
Armstrong Asset Management is an independent asset manager, based in Singapore, focused on the clean energy sector in Southeast Asia’s emerging markets. Armstrong has announced its first fund will invest in small-scale infrastructure projects and is on track to achieve a final closing of US$150 million target by August 2013. Armstrong’s multidisciplinary team consists of 8 investment professionals with deep sector knowledge and cultural experience from a collective 80 years of Southeast Asia operating experience. As a responsible investor, Armstrong believes integrating sustainable, environmentally friendly practices into day-to-day activities delivers tangible benefits, creates additional opportunities, benefits society and reduces risk. Such an ethical approach leads to follow on opportunities and improved financial returns especially when the true costs of increasingly scarce natural resources are considered. www.armstrongam.com