GCM Grosvenor Opens Office in Australia, Expanding Presence in Asia-Pacific Region, and Hires Andy Lukas to Lead Australia/New Zealand Business Development Efforts

Rhea-AI Summary

GCM Grosvenor (Nasdaq: GCMG) has announced the opening of a new office in Sydney, Australia, aimed at expanding its client base in the region. Led by Andy Lukas, a veteran with over 20 years of experience from HSBC, the office will focus on delivering alternative investment solutions to clients in Australia and New Zealand. GCM Grosvenor, which manages over $16 billion in assets in the Asia-Pacific since 1996, seeks to strengthen its regional presence and better address client needs. This move aligns with the firm's strategy of enhancing global access to its alternative solutions, following recent expansions in Toronto and Frankfurt.

Positive

• Opening a new office in Sydney to expand client reach in Australia and New Zealand.
• Hiring Andy Lukas, an experienced professional, to lead the Sydney office.
• Strengthening GCM Grosvenor's presence in the Asia-Pacific region where it manages over $16 billion in assets.

Negative

• None.

CHICAGO, March 30, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it is opening an office in Australia to serve and grow its client base in the region. The office will be located in Sydney and led by Andy Lukas.

Andy has over 20 years of experience managing client relationships, most recently at HSBC where he provided multi-strategy solutions for institutional clients. At GCM Grosvenor, Andy will be dedicated to delivering the firm’s alternative investment solutions to investors in Australia and New Zealand.

“We are excited that Andy has joined our team,” said Jon Levin, GCM Grosvenor President. “He is a seasoned professional who brings the requisite skillset and a global perspective in working with institutional investors.”

GCM Grosvenor has managed capital for clients in the Asia-Pacific region since 1996 and as of December 31, 2022 manages over $16 billion of assets on behalf of dozens of clients. The firm has maintained a physical presence in Asia since 2006 and, in addition to Sydney, currently has offices in Tokyo, Hong Kong, and Seoul.

"Having an office in Sydney will give us a stronger presence in Australia and New Zealand,” said Scott Pearson, Head of GCM Grosvenor Asia-Pacific. “Under Andy’s leadership, our expanded presence will enable us to better address client needs throughout the Asia-Pacific region.”

With the new office and hire, GCM Grosvenor builds on its focus to expand global access to the breadth of the firm’s alternatives solutions. In recent years, the firm also made senior hires and opened offices in Toronto, Canada and Frankfurt, Germany.

About GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $74 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform.

GCM Grosvenor’s experienced team of approximately 530 professionals serves a global client base of institutional and high net worth investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney. For more information, visit: gcmgrosvenor.com.

Source: GCM Grosvenor

Media Contact
Tom Johnson and Will Braun
H/Advisors Abernathy
tom.johnson@h-advisors.global / will.braun@h-advisors.global
212-371-5999

FAQ

What is the significance of GCM Grosvenor opening a new office in Australia?

The new office in Sydney aims to expand GCM Grosvenor's client base in Australia and New Zealand, strengthening its regional presence.

Who is leading the new GCM Grosvenor office in Sydney?

Andy Lukas, who has over 20 years of experience managing client relationships at HSBC, will lead the Sydney office.

What are GCM Grosvenor's assets under management as of December 31, 2022?

As of December 31, 2022, GCM Grosvenor manages over $16 billion in assets in the Asia-Pacific region.

When was GCM Grosvenor established in the Asia-Pacific region?

GCM Grosvenor has been managing capital in the Asia-Pacific region since 1996.