The latest moves and appointments for senior roles for Asia-Pacific wealth management.

ThomasLloyd 
ThomasLloyd, an independent impact investment solutions provider, advisor and asset manager, has appointed Duncan Black as its new head of portfolio and asset management.

Based in Singapore, Black (pictured) will report directly to the recently-appointed CIO, Nadir Maruf, and strengthen the firm’s senior leadership team. Black will be responsible for driving the firm’s rapid expansion of institutional investments in renewable energy infrastructure projects across Asia; leading the monitoring and assessment of portfolio performance through the whole lifecycle of assets acquired at the development, construction, and operational stages; managing the creation and implementation of the firm’s value creation and long-term asset management strategy; and overseeing and implementing the risk management strategy for all assets in the portfolio.

In his previous role as managing director for Asia Infrastructure Investors, Black advised renewable energy businesses in Asia on greenfield development, M&A, financing, and asset management. Over the last three years his work particularly focused on the Monsoon Wind Power Project, which saw him play a key role as commercial and financing lead for the development of the first wind farm in Lao PDR, a 600 MW $1 billion project that will export its power to Vietnam and which will become Southeast Asia’s largest wind farm.

In previous roles, Black was co-head of infrastructure at Eastspring Investments (Prudential Corporation’s asset management business in Asia); a founding partner of Daestrum Capital (a Singapore-based infrastructure funds manager); head of acquisitions, infrastructure at Deutsche Asset Management Asia; and CFO of CLP Holdings’ Australian vertically-integrated utility business (now EnergyAustralia), among other senior management positions in Singapore, Hong Kong and Australia.

Welcoming the appointment, Maruf said: “Duncan has an impressive track record in managing and leading the development of renewable and sustainable infrastructure investment projects across Asia. We have every confidence that he will turbocharge the company’s growth ambitions in the region.

“Among Duncan’s achievements, he recently led a $700 million project financing with the Asian Development Bank, the Asian Infrastructure Investment Bank, the Japan International Cooperation Agency, and a group of international commercial banks. He will bring plenty of experience to bear on ThomasLloyd’s portfolio management.”

Founded in 2003, Zurich-based ThomasLloyd has a global presence with offices across Europe, Asia and North America. As of 31 December 2022, ThomasLloyd managed $1.1 billion of capital in sustainable energy infrastructure assets across a wide range of investment solutions on behalf of institutional and sovereign investors, family offices and private investors globally.