JLIF lead investment advisor to leave

19 May 2017 John Laing Infrastructure Fund (JLIF) has announced that its lead investment advisor Andrew Charlesworth will be stepping down later this month.

David Hardy is set to replace Charlesworth, who will leave John Laing Capital Management, the investment advisor to JLIF, on May 26 in search of opportunities in the global infrastructure market.

JLIF chairman Paul Lester said: “We wish to thank Andrew for his contribution to the success of the company. He has been involved in leading the investment advice to JLIF from its launch it 2010 to a business now valued at over £1bn ($1.3bn). We are delighted that someone of the caliber and with the relevant experience which David brings to JLIF will be our new lead investment advisor.”

Hardy will take over with more than 20 years’ experience in PFI and renewable projects, corporate finance, M&A, fundraising and deal closure. He will transfer from John Laing Environmental Assets.

JLIF also revealed that Theresa Grant, chief executive at Trafford Council since 2011, will be joining the board as part of a phased program to replace each of the five directors who have held office since JLIF's launch.

“I am looking forward to welcoming Theresa to the board, who brings considerable public sector infrastructure experience,” said Lester.

In the investor’s annual results, Lester said its portfolio “continues to perform well”, with a value of £1.22bn ($1.58bn) as of March 31. 

 

This page was last updated on:
23 November 2017.

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