New head of Macquarie community funds business
(6 April 2004 – Australia) Macquarie Bank has appointed former government advisor and head of the Independent Pricing Tribunal (IPART), Dr Tom Parry, to lead its Community Funds Partnerships Management business.
Chief executive of Macquarie Community Partnerships Peter Wright said the appointment of Dr Parry demonstrated the bank’s commitment to bringing robust analysis to community investment partnerships.
"Governments can only do so much with limited resources and there is a desperate need for infrastructure regeneration across the country," Wright said.
"We have been overwhelmed by the level of interest shown by governments across Australia. There is clearly a demand out there to regenerate cities and create sustainable communities and the Fund will help provide the resources to make this happen," he said.
Dr Parry said Macquarie Bank hoped to fund the development of sustainable communities by providing a mechanism where investors could obtain a satisfactory return while communities benefited from improved infrastructure.
"Governments can only do so much with limited resources and there is a desperate need for infrastructure regeneration across the country," Wright said.
"We have been overwhelmed by the level of interest shown by governments across Australia. There is clearly a demand out there to regenerate cities and create sustainable communities and the Fund will help provide the resources to make this happen," he said.
Dr Parry said Macquarie Bank hoped to fund the development of sustainable communities by providing a mechanism where investors could obtain a satisfactory return while communities benefited from improved infrastructure.
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