Access founder Chessell retires

Janet Torney will take over as non-executive chair of the revamped company.

Access Capital Advisers founder David Chessell has retired, concluding a 12-month-long company-wide reorganisation brought about by a management buyout (MBO).

In 1988, Chessell established Access Economics, the forerunner to what would become infrastructure investment manager Access Capital.

Access chief investment officer (CIO) Graham Matthews and Australasia head Tom Snow initiated the MBO in 2012, following a decision to exit the US public-private partnership (PPP; P3) market and set up a “wholly non-executive” committee by Chessell.

In the process Access, which is headquartered in Australia and has a London operation, closed its New York office and named Mark Snape, Damian Stanley and Janet Torney to the committee to complement Chessell.

Snape is chief executive of RiverCity Motorway Group, Stanley has worked for Macquarie Group and Morgan Stanley, while Torney – who is replacing Chessell as non-executive chair of the committee – is head of risk manager JT Consult.

In March, Access Capital closed its New York office, relocating partner Tom Maher to London. Erstwhile New York head Andrew Cunanan left Access and moved to the Philippines. CIO Matthews joined Access in 1997.