Treasurer Jim Chalmers heads to New York on investment campaign
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The news: Treasurer Jim Chalmers will meet 10 of the world’s biggest investors in New York on Friday local time (Saturday AEDT) in an effort to showcase Australia as a "premier investment destination" and attract and deploy more investment in the local economy.
The context: The meetings form part of Chalmers' international schedule which spans seven days across Washington, New York and Incheon in South Korea.
In Washington, Chalmers will meet with G20 Finance Ministers and officials from the IMF and World Bank. He will end the trip with meetings with counterparts from the Asia-Pacific Economic Cooperation in Incheon.
In New York, Chalmers will meet with investors who control a combined $24.7 trillion in capital under management. They include:
- Blackstone global co-chief investment officer Kenneth Caplan
- Fusion Fund venture partner Rohini Kosoglu
- Mastercard chair Merit Janow
- Mastercard vice chair and president Jon Huntsman
- Blue Owl senior managing director John Wilson
- Niobrara Capital partner Todd Bradley
- Australian Super head of Americas Mikaël Limpalaër
- Linden Global Strategies founder and CEO Josephine Linden
- IFM Investors global head of tax and regional head in North America Rose Li
- Macquarie executive director and Americas CFO Sukh Saluja
Chalmers will also take separate bilateral meetings with Global Infrastructure Partners CEO Adebayo Ogunlesi, New York Federal Reserve president John Williams, and Bridgewater Associates CEO Nir Bar Dea.
The government’s sales pitch focuses on Australia’s "unique advantages" in three areas. These comprise the "transformation to cleaner and cheaper energy", "stability and security in the fastest growing region in the world", and the "digital hub in the Indo-Pacific region".
What they said: "Whether it’s our resources or renewable energy, our skills or our stability, Australia has exactly what the world needs, when the world needs it," Chalmers said.
"Australia is an incredibly attractive investment destination based on our strong economic foundations, our place in the Indo-Pacific and our potential to be a renewable energy superpower and regional digital infrastructure hub."
The source: Treasury media release
