Source - RNS
RNS Number : 1633L
HICL Infrastructure Company Ld
17 April 2018
 

17 April 2018

HICL Infrastructure Company Limited

 

Appointment of a New Director

 

 

The Board of Directors of HICL Infrastructure Company Limited (the "Company"), the listed infrastructure investment company advised by InfraRed Capital Partners Limited, is pleased to announce the appointment of Michael Bane as a non-executive director with effect from 1 July 2018. This appointment has been made following a comprehensive search carried out by a third-party recruitment consultant.

 

Mr Bane has more than 35 years of audit and advisory experience in the asset management industry including in relation to infrastructure investment companies.  He has been resident in Guernsey for over 20 years and currently leads EY's services to the asset management industry in the Channel Islands and is a member of EY's EMEIA Wealth and Asset Management Board. Prior to EY, Mr Bane was previously at PwC, in both London and Guernsey.  He will retire as an EY partner on 29 June 2018.

 

Mr Bane graduated with a BA in Mathematics from the University of Oxford and is a long-standing member of the Institute of Chartered Accountants in England and Wales.

 

Mr Bane has no other listed company directorships.

 

Ian Russell, Chairman of the Company, said: "I am delighted to welcome Mike to the Board.  He has worked at a senior level in the audit industry, both in the UK and in Guernsey, including specifically in relation to infrastructure investment companies. He therefore brings very relevant experience to the HICL board."

 

There is no further information to be disclosed under Listing Rule 9.6.13R.

 

 

 

Enquiries

InfraRed Capital Partners Limited                            +44 (0) 20 7484 1800

Harry Seekings

Keith Pickard

 

Tulchan Communications                                            +44 (0) 20 7353 4200

Latika Shah

Canaccord Genuity Limited                                         +44 (0) 20 7523 8000

David Yovichic

 

HICL Infrastructure Company Limited

 

HICL Infrastructure Company Limited ("HICL" or the "Company", and together with its subsidiaries the "HICL Group") is a long-term investor in infrastructure assets which are predominantly operational and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange.

 

With a current portfolio of 116 infrastructure investments, HICL is seeking further suitable opportunities, which are positioned at the lower end of the risk spectrum, in three target markets segments: PPP projects; regulated assets; and demand-based assets.

 

Further details can be found on the HICL website www.hicl.com.

 

 

Investment Adviser (InfraRed Capital Partners)

 

The Investment Adviser to HICL is InfraRed Capital Partners Limited ("InfraRed") which has successfully invested in over 200 infrastructure projects since 1997. InfraRed is a leading international investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney. With over 130 professionals it manages in excess of US$10bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed is authorised and regulated by the Financial Conduct Authority.

 

The infrastructure investment team at InfraRed consists of approximately 70 investment professionals, all with an infrastructure investment background and a broad range of relevant skills, including private equity, structured finance, construction, renewable energy and facilities management.

 

InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment.

 

Further details can be found on InfraRed's website www.ircp.com.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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