Friday, 21 October 2016
Last updated 2 hours ago
Apr 30 2013 | 8:28am ET
Singapore based-Armstrong Asset Management has appointed Yasushi Ujioka as investment director for its maiden fund, the Armstrong South East Asia Clean Energy Fund.
Ujioka has 17 years’ experience as an engineer and investment professional in the water, power generation and energy efficiency sectors across Europe and Asia. He comes to Armstrong from Swiss-Asia Financial Services, the asset management firm of the China District Energy Fund. He also served as business development director for Asia for the Dalkia Group, the energy division of Veolia Environnement, and held a senior management position with Degrémont, the water treatment division of Suez Environnement.
In his new role at Armstrong, Ujioka 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.
The new fund will invest in small-scale infrastructure projects and Armstrong expects to achieve a final closing of US$150 million by August 2013.
“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.”