This article is from the Australian Property Journal archive
LOS Angeles-based US$97 billion global investment manager Oaktree Capital has setup shop in Sydney and appointed former Macquarie Bank executive Byron Beath as managing director.
The Sydney office is the next step in Oaktree’s expansion in the Asia Pacific region with offices in Beijing, Hong Kong, Seoul, Singapore, Shanghai, and Tokyo.
The firm’s main investments are in convertible securities, real estate and listed equities.
Oaktree has appointed Byron Beath to run the Australian business. Beath spent 15 years with Macquarie Bank, where he was most recently a director in the corporate and asset finance division.
Global managing director Matt Wilson said Oaktree has strong relationships and a long history of investing in Australia and New Zealand.
“Establishing an office in Sydney was the logical next step in increasing our exposure in the region. We are excited to have Byron on board to lead our efforts and are proud to formalize our presence here,” he added.
Beath said opening an office in Sydney will better enable Oaktree to create and seize investment opportunities across Australia and New Zealand.
Australian Property Journal
