Standard Life Investments boosts infrastructure investment unit
Standard Life Investments has strengthened its capability in infrastructure investment with the appointment of Jeremy Allcock as head of Infrastructure Debt.
Reporting to Craig MacDonald, head of Credit, and working closely with Fiona Dickinson, Investment Director, Credit, Allcock’s London based role will see him head up a new Infrastructure Debt team and assume responsibility for investment into the asset class. Further appointments are expected to follow. Previously head of Project Finance (Public Sector) at Nationwide Building Society, Allcock has 17 years’ experience in the infrastructure funding sector.
The infrastructure debt team’s strategy will be to focus on providing long term senior debt to core infrastructure projects within the UK and some selected European jurisdictions, in sectors such as transport, social infrastructure and energy. The Standard Life Investments’ fixed income team manages in excess of £29.5bn investment grade credit, of which around £3bn is invested in infrastructure and related assets.
Craig MacDonald, head of Credit at Standard Life Investments said: “I am very pleased to welcome Jeremy to Standard Life Investments. He has a vast amount of experience within the infrastructure funding sector and his appointment will reinforce and broaden Standard Life Investments’ capabilities in this area. Jeremy’s appointment demonstrates our commitment to infrastructure investment and reflects client desire to lock in long dated, reliable cash-flows generated by such ‘alternative’ or ‘hard’ assets – an arena in which Standard Life Investments has already established a strong reputation through its credit and real estate teams.”