Oaktree has appointed Byron Beath to lead its new office in Sydney.
Prior to joining Oaktree, Beath spent more than fifteen years at Macquarie, where he was most recently a director in the corporate and asset finance division. In his new role as managing director, he will focus on exploring investment opportunities for the US-headquartered distressed investment giant.
“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 formalise our presence here,” said Matt Wilson, managing director and co-portfolio manager of Oaktree’s Global Principal Group.
“Opening an office in Sydney will better enable Oaktree to create and seize investment opportunities across Australia and New Zealand. A local presence, coupled with Oaktree’s extensive global network and deep knowledge across industries, ideally positions us to capitalise on the growing number of opportunities within the region,” added Beath.
Oaktree is a global investment manager specialising in alternative investments, with $97 billion in assets under management last year.
It invests in distressed debt, corporate debt, control investing, convertible securities, real estate and listed equities. It expanded to Asia Pacific in 1998 and has offices in many major cities including Beijing, Hong Kong, Seoul, Singapore and Tokyo.