‘The Asset Management Council is pleased to announce the appointment of two new members to its Board of Directors, effective Thursday 7 June 2012 following the member ballot….’
http://reliabilityweb.com/index.php/maintenance_news/appointment_of_two_new_board_directors/, first published 15 June 2012
Industry Funds Management (IFM) will partner with the Asset Management Council (AM Council) to deliver superior risk management and business outcomes for its clients.
The partnership will promote a sophisticated and comprehensive approach to asset management, drawing on the experience, expertise and offering of each organisation.
As the largest infrastructure investor in Australia, and one of the largest globally, IFM brings a unique understanding of the long term, sustainable management of infrastructure assets drawing on its 17 year investment track record.
IFM’s Investment Director, Infrastructure, Danny Elia will join the AM Council board. Mr Elia has responsibility for IFM’s asset management strategy across its 26 global infrastructure assets.
“Best practice asset management is an absolute priority for IFM, which is why this partnership makes sense,” Mr Elia said.
Kyle Mangini, Global Head of Infrastructure, leads IFM’s global Infrastructure team.
“IFM aims to generate excellent long-term returns through efficient and effective management of infrastructure. This partnership reconfirms our commitment to that that process,” Mr Mangini said.
The partnership agreement with AM Council will run for five years.
IFM invests in core infrastructure assets for leading pension and other long term institutional investors in Australia, North America and Europe.
-ENDS-
For further information, please contact:
Phil Davey
0414 867 188
About IFM
IFM is a global investment manager with clients and teams in three of the largest pension markets in the world. Headquartered in Melbourne, Australia, with offices in Sydney, London and New York, IFM manages over $35 billion across four asset classes – infrastructure, private equity, debt investments and listed equity portfolios. IFM invests on behalf of institutional investors and is owned by 32 major not-for-profit Australian superannuation funds. IFM is actively committed to the United Nations Principles for Responsible Investment (UNPRI) and has been a signatory since 2008.
About the Asset Management Council
The Asset Management Council is a non-profit, member network committed to advancing asset management knowledge and capability of members and the broader community. As an independent professional body, the Asset Management Council unites professionals and organisations from asset intensive industries to work together and enhance Australia’s international competitiveness. Courses, Asset Management Body of Knowledge, Technical Papers, Forums, Business Directory and Events are among the services provided. The Asset Management Council is a Technical Society of Engineers Australia and a founding member of the Global Forum on Maintenance and Asset Management.
The Asset Management Council and Industry Funds Management (IFM) today announced they have signed an agreement to provide significant business and asset management framework support to industry in Australia and overseas.
Chief Executive Officer for the Asset Management Council, Sally Nugent said the Partner Organisations contribute much needed financial resources, and far more importantly, they share the journey and vision to develop asset management as a framework to deliver business outcomes and manage risks.
“It’s important that we continue to advance the knowledge, understanding and access to asset management as a functional whole-of-organisation approach.”
“Working with IFM will enable the Asset Management Council to significantly advance industry awareness of the interrelationship of asset management with business investment and financial functions,” said Sally.
IFM will focus on contributing skills and knowledge on the long term, sustainable management of infrastructure assets to the Asset Management Body of Knowledge suite of online business tools now under development.
The Asset Management Council welcomes Danny Elia, Investment Director, Infrastructure, for IFM to its Board. Danny drives IFM’s asset management strategy across its portfolio of 26 infrastructure assets globally. IFM invests in core infrastructure assets across a range of industry sectors in Australia, North America and Europe. In accepting his appointment, Danny Elia noted:
“We are delighted to work with the Asset Management Council in an area we consider to be critical to achieving superior and sustainable returns on long term assets. We are an ‘open ended’ fund manager, which essentially means we generate returns for our investors through the successful operation, maintenance and management of our assets over long periods of time. This long term focus has created a unique culture at IFM, where as a fund manager, we are taking an active interest to ensure our assets not only generate superior returns, but that these returns are safeguarded by responsible operating, maintenance and management practices. ”
“Our partnership with the Asset Management Council will enable IFM to work collaboratively with the broader Engineering and Business community to share and exchange knowledge with a view to building and improving asset management thinking globally.” he said.
“We look forward to ongoing collaboration with and support from IFM. It is imperative to us that we have long term strategic relationships that are global and representative of different industry sectors,” concluded Sally.
The five year agreement marks the third and final Partner Organisation agreement in place with the Asset Management Council.
The Asset Management Council three Partner Organisations are:
The Global Forum on Maintenance and Asset Management (GFMAM) held its sixth face-to-face meeting from 17 – 21 June 2012 in conjunction with the Institute of Asset Management (IAM) Annual Conference, Warwick, UK. The theme of the conference was Building for the Future. Global Forum members were active in presenting at the conference, giving 4 plenary presentations and 2 streamed sessions.
l – r: Hans Klemme-Wolff, David McKeown, Kari Komonen, Edmea Adell, Alex Stuber, Nezar Shammasi, Tim Goshert, Jan Franlund, Joao Lafraia, Celso Azevedo, John Hardwick, Alan Tait, Richard Edwards, Peter Kohler, Cindy Snedden, Athayde Ribeiro, Takao Hara, Stephen Morris, Diane Baseley, Chris Yexley, Karen Hardwick, Chris Newsome
Your Asset Management Meeting Point
Providing you with key networking opportunities, the latest asset management knowledge and vital technical resources.
About the Asset Management Conference
The current global economy has seen funding cuts for numerous organisations, resulting in fragmentation of internal business functions. Consequently, organisations are being faced with limited options to implement capabilities to deliver sustained profitability, safety and performance and have been forced to focus on short-term stakeholder benefits. While this method of operation can produce results in the short-term, the long-term financial, legal and governance issues for an organisation can be disastrous, sometimes irreparable.
Be part of your organisation’s solution.
Attend the 2013 Asset Management Conference to understand why asset management is more important than ever. Network, share your stories and listen to ways you can achieve the reliability of new and existing assets, consistency of revenue and integration between an organisation’s business functions.
About the Asset Management Council
The Asset Management Council is a non-profit organisation that unites asset management professionals from all industries during its annual Asset Management Conference. The Asset Management Conference supports independent perspectives by rigorously peer-reviewing papers for presentation.
For information about this event, contact: Zoë Fitzpatrick
Event Coordinator
Phone: +61 (0)3 9819 2515
Email: training@amcouncil.com.au
The Asset Management Council is pleased to announce the appointment of two new members to its Board of Directors, effective Thursday 7 June 2012 following the member ballot.
The two new Board Directors are Dave Daines, Head of Asset Management, BHP Billiton Iron Ore and Glenn Ingram, Head of Asset Management, Newcrest Mining Ltd.
“Dave Daines and Glenn Ingram are both from the mining industry and I look forward to each bringing unique experiences, insights and energy, as well as further diversity to the wide-ranging experiences our Board Directors already provide to the Asset Management Council,” said Nicholas Phillips, Nomination Committee Chair, Asset Management Council.
“Dave is a respected leader in asset management and brings expertise in the development of asset management capability and the development of asset management competency programs. He is also the nominated representative of the CRC Mining on the Australian mirror committee for Standards Australia ISO Standards Committee PC 251.”
“Glenn is a highly regarded asset management leader and has actively contributed to numerous strategic decisions within the asset management function, in large Australian and international companies. Glenn as inaugural chairman of the Asset Management Council certification scheme committee has made considerable contribution to the recognition of the technical practice of asset management,” Nicholas continues.
“The Board of Directors is looking forward to continuing to represent, articulate and develop ways for Australian and international organisations to maximise benefit from the management of its assets.”
Retiring from the Board of Directors is Peter Kohler, Principal Analyst – Asset Sustainability, ITSR and Kieran Skelton, General Manager Operations Asia Pacific, Utility Risk Management Corporation.
Peter has represented the Asset Management Council in all areas of its development providing insight and leadership for its transition from a maintenance to an asset management focus.
Kieran’s contribution is characterised by acting on behalf of members in the development and delivery of strategic programs and services.
“On behalf of the Board of Directors, head office and members, I thank Peter and Kieran for their commitment during their board appointment. Their time, passion and expertise enabled the Asset Management Council to accomplish many achievements, including the finalisation of our 2011 – 2015 Strategic Plan,” concluded Nicholas.