In an exclusive development, Hesta’s head of unlisted assets, Will MacAulay, has departed the organization. This leadership transition comes at a significant time for the fund's asset management strategy. To ensure continuity during this transition, Gary Greene, an infrastructure investment manager, has been appointed to serve as the acting general manager for unlisted assets.

While the search for a permanent replacement is underway, the organization remains focused on its unlisted asset portfolio. The departure of MacAulay marks a notable shift in Hesta's internal management structure.

This movement follows a series of high-profile exits and appointments within the broader infrastructure and investment sector. Recent industry shifts include movements at APG, Campbell Lutyens, and Mubadala, reflecting a highly dynamic period for global infrastructure and unlisted asset management professionals across the APAC and global markets.