John DiMarco has left boutique investment bank CCA Group, where he was a managing director, to help build out the North American energy infrastructure business of an Australian asset manager.
He joins First State Investments as a director in the direct infrastructure team in New York.
First State manages more than $8.5 billion of direct infrastructure assets in the U.K., Europe, Australia, New Zealand and North America, with an emphasis on mid-market companies in the transportation and utility sectors.
The firm has been owned by MUFG since last August, when the Japanese financial services group acquired it from Commonwealth Bank of Australia for $2.7 billion.
It was known as Colonial First State Global Asset Management in Australia before being rebranded First Sentier Investors in September.
DiMarco had been with CCA since 2015, prior to which he spent seven years with Terra-Gen (PFR, 10/28/11).