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:
- Transfield Services, a global asset operator and asset management service provider
- SAP Australia Pty Ltd, a global enterprise asset management IT solutions provider
- Industry Funds Management, a global investment manager with a 17 year investment track record in infrastructure