MBL Appoints New CEO for MIG

06 March 2003

Macquarie Infrastructure Investment Management Limited (MIIML), the Macquarie Bank subsidiary responsible for the management of Macquarie Infrastructure Group (MIG), today advised that it will appoint Mr Stephen Allen, an Executive Director of MBL, as Chief Executive Officer (CEO) of MIIML.

Mr Allen replaces Mr Anthony Kahn effective April 2, 2003.  Mr Kahn will remain the Head of Infrastructure and Specialised Funds (ISF) for MBL.  The Head of ISF will remain on the board of MIIML.

Mr Stephen Allen joined MBL 10 years ago.  For the first nine years he worked in the Investment Banking Group (IBG).  During his time in IBG he worked and ultimately led the team in London that successfully established MBL’s European infrastructure business. The European business has been involved in infrastructure projects worth in excess of $15bn over the past five years.  For the past year he has been Head of Credit for MBL. 

“Mr Allen has extensive experience in developing infrastructure projects and advising on the acquisition of existing infrastructure businesses.  His understanding of acquiring and owning infrastructure makes him an excellent choice for CEO,” Chairman of MIIML, Mr Johnson said.

“Mr Allen gained his initial toll road expertise working on a number of Australian toll road projects, including 18 months on the Melbourne City Link project. He then went to Europe where, through his work establishing the European infrastructure business for MBL, he developed the platform for MIG’s successful acquisition of the Kvaerner Infrastructure Assets, which includes Midland Expressway.”

“As the full time CEO of MIG Mr Allen will be responsible for the future growth of MIG and the ongoing development of all its assets to ensure maximum returns to shareholders over the long term,” Mr Johnson said.

Mr Kahn will work closely with Mr Allen through a three-month transition period.

Mr Allen’s appointment will allow Mr Kahn to concentrate on his role as Head of ISF.  ISF now manages five listed entities and four unlisted infrastructure funds with combined assets of approximately A$17billion.

 Please click here to view Mr Stephen Allen's biography.

For further information, please contact:

Dennis Eagar
Division Director
Macquarie Infrastructure Investment Management Limited
Tel: (02) 8232 6771
Mobile: 0414 345 176
Email: dennis.eagar@macquarie.com