Vertically integrated water service provider Vysarn (ASX:VYS) today announced the launch of its wholly owned subsidiary Vysarn Asset Management (VAM), and the appointment of Richard Lourey as VAM’s managing director, effective 8 November 2023.
The launch of VAM is the continuation of Vysarn’s clearly defined strategy to build a vertically integrated whole of life, end to end water business.
By leveraging its extensive in-house intellectual property, VAM will target investment opportunities in water, infrastructure assets and associated opportunities to control, own and toll water.
Vysarn is evaluating a suite of opportunities.
Mr Lourey is an experienced water and infrastructure executive and investor with extensive global capital markets expertise having held executive roles based in New York, London and Melbourne.
Mr Lourey was an executive director at JP Morgan Securities (Head of Asia ex Japan – London), established Australia’s first dedicated water fund, was head of Tyndall Australia Real Assets and was the founder and director of AWARE Water, a significant Australian water investment company.
James Clement, managing director of Vysarn said:
“This is another important milestone in the strategic direction of Vysarn. We are very fortunate that a candidate of Richard’s calibre has chosen to join Vysarn to help lead and drive the funds management growth initiative.”
Richard Lourey, managing director of VAM said:
“Vysarn has unparalleled insight into the water opportunities and challenges in Western Australia. It is a privilege to be given the opportunity to realise these opportunities for the benefit of our shareholders, traditional owner partners and future investors in the Vysarn funds.”
