The organisation, which oversees a total of $26 billion of assets, concentrates on the infrastructure sector.

Morrison, the New Zealand-headquartered infrastructure investment firm ($26 billion AuM) has appointed Steven Fitzgerald, currently global head of asset management, as lead operating partner.

The firm is planning to expand its roster of lead operating partners to drive growth, it said in a statement late last week. 

Fitzgerald has been in his existing role for 13 years.

As part of the change, Rachel Drew, who joined the firm 18 years ago, will step into the global head of asset management job.

“Mr Fitzgerald will focus on expanding Morrison’s reach of sector and functional expertise globally to support a model that we know drives value and enables Morrison to be excellent managers of the assets we invest in on behalf of our clients,” William Smales, the firm’s chief investment officer, said.

“Our highly experienced and global operating partners are an integral part of our investment management model. Their diverse perspectives, extensive leadership experience and deep expertise, and industry knowledge support our approach to any investment, further enhancing our asset management capabilities.”

Morrison’s CEO is Paul Newfield; the firm was founded by Lloyd Morrisonin 1988. Besides New Zealand, the business has offices in Australia, Singapore, the UK and the US.