Hastings appoints UTA Portfolio Manager

Global infrastructure manager Hastings has promoted Matt Lorback to the role of Utilities Trust of Australia (UTA) portfolio manager. Lorback will work closely with newly-appointed UTA lead portfolio manager Brett Mitsch.

Lorback joined Hastings in 2007 and has more than 11 years' experience in infrastructure investing. He is a director of UTA's largest investment, Perth Airport, and he will continue to be a director on a number of Hastings managed assets.

Commenting on the appointments of Lorback and Mitsch, Hastings' chief executive Andrew Day said: "The combination of Brett's and Matthew's respective skills sets will forge a winning team of experience in portfolio management and construction, transactions and infrastructure both here and abroad."

He added: "Brett brings a fresh perspective and view to the business and Matthew has the historical knowledge of the portfolio and the assets, particularly with his specialised knowledge of the airports sector which is a crucial element of the UTA portfolio."