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Investec hires new infrastructure team
Investec Bank Australia has appointed a team of specialist infrastructure developers and financiers from Alba Capital Partners to cater for increased demand.
The team of five will be led by Michael Still, who was previously managing director at Alba Capital Partners.
Still said the move came about due to the nature of Alba’s business changing considerably and the fact it was not engaging in new projects.
He said the move to Investec has allowed the team to get involved in new projects in the energy, aviation and resources sectors, structuring annuity style investments.
“We work side by side with government and semi-government tenants to design, develop and fund their infrastructure assets in a way that essentially offers our investors a steady revenue stream over 20 plus year leases,” Still said.
He said it appealed to superannuation funds and institutions looking for long term, steady consumer price index-linked returns without the risks associated with other infrastructure assets such as toll roads.
The team moved across two months ago and are based in Sydney, Melbourne and Adelaide.
AUTHOR
Ashleigh McIntyre
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