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New Forests strengthens Asian presence

New Forests, a forestry investment management business operating in the Asia-Pacific region and the United States, this week appointed Geoffrey Seeto as managing director for the company’s Asian business, which is based in Singapore. Source: Timberbiz

New Forests Asia was established in 2008 and is the manager of the Tropical Asia Forest Fund (TAFF), a $US170 million fund investing in sustainable timber plantations in Southeast Asia. Mr Seeto will be responsible for overseeing investment of TAFF.

“The appointment of Geoffrey to the new role of managing director of New Forests Asia reflects our company’s commitment to expanding our investment footprint in Asia,” said Sydney-based New Forests CEO David Brand.

“We are confident that Mr Seeto’s experience across private markets and infrastructure investment in Southeast Asia will support the investment of TAFF in a portfolio of high-quality timber plantation assets.”

Mr Seeto will lead a Singapore-based investment team that includes seven investment professionals, with more than 100 years’ combined experience in timberland investment and forestry.