Industry Funds Management (IFM) is pleased to announce that Richard Randall has been appointed Executive Director, Debt Investments – North America and will commence in this position on November 4.
Mr. Randall will be responsible for leading the expansion of IFM’s infrastructure debt capability into North America. He will be based in the firms New York office.
Previously Mr. Randall worked as Managing Director/Head of Project Finance Group at Royal Bank of Scotland in Stamford and New York, where he was responsible for the transformation of the Project Finance Group into a leader in the US midstream oil, gas and unregulated power industries.
Commenting on the appointment, IFM CEO Brett Himbury said that Mr. Randall’s’ appointment was in some ways the culmination of the firms 14 year track record in infrastructure debt.
“Our work to date in this area has enabled us to establish an enviable reputation and network of contacts, which assists in the procurement of new transactions and builds significant in-house knowledge and intelligence which continues to shape our approach to infrastructure debt.”
“Richard Randall will strongly build on those foundations.”
Mr. Himbury said that the firms’ intentions were to leverage Mr. Randall’s appointment to build up a specialist infrastructure debt team in New York.
“IFM’s debt investment process adopts strong credit disciplines underpinned by rigorous analysis.”
“IFM’s approach to infrastructure debt is characterised by bottom-up, asset specific credit analysis supported by top-down macro views, where these are relevant to the asset. We take a rigorous approach that relies upon detailed credit analysis and a written credit assessment that is subject to peer scrutiny. IFM’s considerable credit resources, as well as extensive infrastructure equity and legal expertise, further support the strategy.”