The German investment manager in real asset solutions will expand its Singapore office to become its regional hub, and has appointed a new Asia Pacific chief executive.
Aqulia Capital is strengthening its regional presence and expanding its Singapore entity to be closer to its target markets and clients in APAC, appointing renewable energy specialist Alexander Lenz as its Asia Pacific chief executive, the firm said in a press release on Wednesday.
The company will offer its client base access to the renewable energy sector in the region, initially focusing on solar PV and wind energy. Other sustainable asset classes such as hydropower and energy storage on the horizon will be offered at a later date, Aquila said.
New chief Lenz has been in the renewable energy sector since 2007. He was previously the Singapore-based CEO of German multinational renewable energy company Conergy. Before that, he was a consultant at Berlin-based Roland Berger Strategy Consultants and Deloitte.
Strong Demand
Aquila noted the «strong and growing demand» for renewable energy investments in the Asia Pacific region, citing Bloomberg data that the region will attract investment some $4.53 billion in investment in renewable energy by 2050 (about 40 percent of the expected global investment amount).
Founded in 2001, Aquila Group has 14 offices in 12 countries, and currently manages €11.1 billion ($17.5 billion) for institutional investors worldwide as of June 30, 2020. In December 2019, the infrastructure arm of Japanese investment bank Daiwa Securities acquired a 40-percent stake in the firm for an undisclosed sum.
