Infrastructure

UBS Asset Management appoints head of infrastructure Americas

Perry Offutt was named head of infrastructure Americas at UBS Asset Management, spokeswoman Sheryl Lee said.

Effective in June, he will replace Floyd Gent, who will take on a new portfolio company-focused senior advisory role within the company.

Mr. Offutt will lead the U.S. team within the company's $4 billion infrastructure platform and help boost its presence in the region. He will be based in New York and report to Tommaso Albanese, head of infrastructure.

Mr. Offutt was a managing director of the North American investment team at Macquarie Infrastructure and Real Assets. A Macquarie Group spokeswoman declined to comment on whether or not he is being replaced.

UBS Asset Management had 776 billion Swiss francs ($795 billion) in assets under management as of Dec. 31.