McGrath will work across Mirae Asset’s Alternatives Investments portfolio which specialises in real estate, infrastructure, private debt and venture capital. This includes stakes in the Victorian Desalination Plant, Eastlink and the Four Seasons Hotel in Sydney.

McGrath will report to Head of Alternative Investments, Luke Gersbach.

McGrath will lead Mirae Asset’s Australian venture capital activities, with Mirae Asset currently closing its first Australian focused fund.

McGrath brings over 10 years’ experience in investment banking, venture capital and private credit to the role. He joins Mirae Asset from OneVentures, where he completed a range of venture capital and venture debt investments over the past 6-years. This includes being one of the first investors in Employment Hero, which won the AIC’s 2022 VC Deal of the Year. Other notable investments include Zoomo, Eucalyptus, InDebted, Shippit and Phocas.  McGrath has also previously held roles with Allier Capital and Citi.

Luke Gersbach, Head of Alternative Investments says he is delighted to welcome McGrath to Mirae Asset Global Investments.

“We are pleased to welcome James to Mirae Asset. The expansion of our alternatives team, with a focus on venture capital, expresses our commitment to supporting Australia’s start-up landscape,” Mr Gersbach said.

Globally, Mirae Asset Financial Group is a major player in venture capital with $2.5b in FUM, including investments in DiDi, Impossible Foods and Zomato.

Most recently in August 2022 they led a US$250M round into Elon Musk’s SpaceX. Australian venture capital investments include web3 platforms Immutable X and Animoca Brands.

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Anthony has over 10 years’ experience and joins from Westpac where he held multiple roles across the institutional business, including corporate advisory, credit derivatives markets, and since 2016, Debt Capital Markets. Anthony’s previous experience includes roles with Credit Suisse and Taifook Asset Management in Hong Kong. Anthony holds a Master of Applied Finance (Macquarie University), Bachelor of Commerce (University of New South Wales) and Bachelor of Pharmacy (University of Sydney).

Anthony’s appointment strengthens Mirae’s alternatives business which operates primarily in real estate, infrastructure, private debt and venture capital.

Luke Gersbach, Mirae’s Head of Alternative Investments announced the new appointment noting: “We are pleased to welcome Anthony to Mirae Asset Global Investments. The expansion of our alternatives team demonstrates our commitment to growing our business in the alternatives space as we are increasingly attracted to the risk-return profile of the Australian market.”

Kris Walesby, Mirae’s Chief Executive Officer added: “The addition of Anthony to our Alternatives business enhances our ability to source quality investments for our clients. With Anthony’s skills and experience, we will be well placed to grow this area of our business.”

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