As part of its 2022 Half Year Results announcement Macquarie Group announced a change to the business group that Green Investment Group (GIG) operates from.
Effective 1 April 2022, GIG will move to operate as part of Macquarie Asset Management (MAM), bringing together Macquarie’s specialist capabilities to provide clients with greater access to green investment opportunities.
The need for investment has grown substantially in GIG’s areas of focus, as has investor appetite for access to such opportunities.
The combined teams will significantly enhance Macquarie’s offering to clients, partners and other stakeholders through the ability to:
- mobilise institutional capital, connecting MAM clients to a significantly expanded range of green investment opportunities through GIG’s asset creation team
- enable long-term investment across the asset lifecycle, from development to operations
- provide greater scale of decarbonisation solutions for clients, portfolio companies, communities, and the environment
- identify opportunities across the transition to net zero, from established to emerging technologies
GIG will retain its brand and continue its mission to accelerate the green transition. GIG will continue to be led by Mark Dooley, operating as part of the MAM Real Assets division led by Leigh Harrison.
"Over the past four years we’ve transformed the GIG business into one of the world’s leading green energy developers, and on the eve of COP26, we’re raising our ambition even further. By operating as part of the world’s leading infrastructure management platform we’ll create a bigger and better GIG. A GIG that connects the capital of the world’s largest investors with the new projects needed to accelerate the green transition and deliver a net zero future."
Global Head of GIG
"We’re excited to be uniting the specialist green expertise that exists across our team and GIG to create a world-leading capability in green infrastructure investment and low-carbon solutions. The complementary skills and networks of our combined teams will enable us to mobilise long term capital at even greater scale to help achieve net zero, as well as drive positive change through our broader portfolio of businesses.”
Head of Real Assets, Macquarie Asset Management
“This is an exciting development for MAM and GIG, as we combine our respective capabilities and expertise to create a world-leading business focused on accelerating the green transition. Given the scale, importance and opportunity arising from the global transition to net zero, this development positions us to take an even greater leadership role, serve our clients, and deliver positive impact for everyone.”
Group Head of Macquaire Asset Management