misperception of risk - assets keep growing in intra
very smart idea
well designed aset projects keep pn grwoing connecton impact - who owns it may go up /down- lady says if isa in midldle of project often most zigs
country risks are ccmbinatorial - so many factors come ito play - huge urgent demands for infra in deve countries but ofthen that are nor long term sustainable by government bonds - conversely infatrstucture can be proxy for place without gov bond
briliant sesssion first hosted 7am 10/27
Partnering with Middle Eastern Institutional Investors in Financing Sustainable Infrastructure in Emerging Asia and Beyond
Private equity enjoys the highest multiplier effect when it comes to catalyzing institutional investors' capital in desired sectors. Over the past five years, through its investment in private equity funds, AIIB has mobilized USD450 million in private capital as of Q1 of 2021, according to the joint MDB methodology on mobilization. As set by its Corporate Strategy, AIIB will continue investing in equity through funds to crowd-in private capital from institutional investors for infrastructure in emerging Asia and beyond.
As the world’s second largest multilateral financial institution in terms of Members, AIIB brings much more than the needed capital. The Bank’s past experiences show that a multilateral financial institution's participation in funds enhances portfolio investments' environmental and social standards, which lay the foundation for sustainability that forms one of the critical features of Infrastructure for Tomorrow (i4t).
This session will convene leading investors and fund managers to discuss the catalytic role of multilateral financial institutions in private equity and explore new investment opportunities.
Mr. Najeeb Haider
DG, Banking Department, AIIB
Haider leads the Investment Operations (Region 2) Banking Department, responsible for Pakistan, Afghanistan, Europe, Africa, Latin America and Central, East and West Asia. The Banking Unit covers (i) Capital Markets and Structured Products, (ii) Digital Infrastructure and other Productive Sectors, (iii) Financial Institutions and Syndications, and (iv) Private Equity. He joined AIIB in September 2016 as a member of the Policy and Strategy team where one of his primary responsibilities was developing and implementing AIIB’s strategy for Private Capital Mobilization—one of the Bank’s thematic priorities—before transferring to Investment Operations in January 2018. Before joining AIIB, Haider was Managing Director and Asia Pacific Head for project and infrastructure finance at Citicorp International Ltd. and was based in Hong Kong, China. His team was responsible for supporting clients with bespoke financing solutions and for leading a number of award-wining infrastructure financing transactions across the region. Prior to his 21 years at Citicorp International Limited, Haider spent 6 years in corporate banking roles with JPMorgan Chase and Bank of America. He holds BBA and MBA degrees from the Institute of Business Administration, University of Karachi. Haider is from Hong Kong, China.
Mr. Dongik Lee
DG, Banking Department, AIIB
Lee leads the Investment Operations (Region 1) Banking Department, responsible for financial intermediaries (FI), structured financial products, capital markets, private equity, ICT and other productive sectors. Before joining AIIB in 2016, Lee was Corporate Advisor for Temasek, Singapore and Russia Direct Investment Fund, Russia. From 2008 to 2013, he worked for Korea Investment Corporation (KIC) as Chief Investment Officer and Head of Alternative Investments, responsible for managing KIC’s USD75 billion global assets. Prior to that, he spent five years as Head of Investments at STIC Investments, a private equity/venture capital firm in the Republic of Korea. From 1997 to 2001, he was Head of the Overseas Investments Team at Samsung Life Insurance. From 1987 to 1997, Lee worked as an Emerging Equity Market Analyst at the International Finance Corporation. He has a bachelor’s degree in economics from Korea University, and an MBA in finance and investments and an MS in management information systems, both from George Washington University. Lee is from the Republic of Korea.
Mr. Abdullah Abobakr
Director, National Infrastructure Fund
Abdullah is the Director of the National Infrastructure Fund (“NIF”), a development fund with a role to facilitate crowding in private investments and capital to infrastructure projects in the Kingdom of Saudi Arabia.
Before joining NIF, Abdullah worked as a Senior Vice President in Infrastructure Division at the Public Investment Fund (“PIF”) successfully overseeing and supervising the implementations of several giga and mega projects in various aspects.
Abdullah has more than 12 years of experience in development finance, project & infrastructure finance, corporate finance, acquisition finance and loan syndication. He has an extensive experience in leading and closing financing transactions in various sectors including water, power, logistics, telecom, industrial, petrochemical and oil & gas, He earned a Masters degree in Finance from Cass Business School, and a Bachelor of Science degree in Finance from King Fahd University of Petroleum and Minerals.
Mr. Karim Mourad
Global Head, Infrastructure, Abu Dhabi Investment Authority
Karim Mourad is the Global Head of Infrastructure for the Real Estate and Infrastructure Department at ADIA.. He is responsible, in collaboration with senior management, for developing and implementing investment strategy for the Infrastructure Division and overseeing all day-to-day activities of the Infrastructure team. This includes managing ADIA’s existing portfolio of infrastructure investments, as well as working with team members to originate and execute on new
transactions. Karim’s previous roles include:
• Associate Director at Macquarie Capital in London, primarily focusing on the European toll road sector;
• Director at PricewaterhouseCoopers in London, advising corporates in the toll roads sector on project finance;
• Executive in the Treasury department of NatWest Markets in London; and
• Environmental Engineer in the Water and wastewater sector at CH2M Hill in London.
Karim has a Master of Engineering (M.Eng.) degree in Civil and Environmental Engineering from Imperial College London
and is a CFA Charterholder.
Mr. Sami Neffati
Managing Partner, Aberdeen Investcorp Infrastructure
Sami Neffati is The Managing Partner of Aberdeen Investcorp Infrastructure Partners. A fund investing in sustainable infrastructure in the GCC and MENA region.
He previously held the position of Assistant General Manager of Energy at Sumitomo Mitsui Banking Corporation in London.
Sami is an Emerging Markets specialist with long experience in the MENAT region; financing and advising on projects in renewable, power generation, transmission and distribution. Sami also focused on Energy transition in Europe and worked on acquisitions of infrastructure assets in Western Europe and the Nordics.
Sami headed Sumitomo’s business development for Africa and advised Japanese conglomerates on African markets penetration strategy.
Sami was educated in Tunisia, Canada and the US and speaks Arabic, English, French and Spanish.
Ms. Jennifer Powers
Partner and Chair, GIP Credit
Jennifer Powers joined GIP in 2017 as a Partner and Chair of GIP Credit. She focuses on the strategic direction of GIP’s credit business with aim to expand and build out GIP’s credit business into one of the market leaders in infrastructure debt financing. She is based in New York City.
Prior to joining GIP, Ms. Powers was co-head of Investment Grade Debt Capital Markets at Mizuho Bank. Prior to Mizuho, Jennifer was a founding member of the Royal Bank of Scotland’s Credit Markets Business. Ms. Powers also spent 12 years in the energy investment banking and capital markets teams at Credit Suisse. She has extensive experience and client relationships, having spent her career advising and financing clients in the energy and broader infrastructure sectors. Ms. Powers has played a lead role in over $60 billion of infrastructure debt financings.
Ms. Powers holds a B.A. in Economics (Phi Beta Kappa and magna cum laude) from Barnard College.
My Session Notes
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