Fund manager Bastion Infrastructure Group has named a long-time Cintra and Grupo Ferrovial executive Enrique Fuentes a partner in part of a companywide staff build-out, according to a press release.
Fuentes is a 20-year global infrastructure expert, Bastion said. He will be based in Toronto, where Bastion is headquartered. The fund operator went on to call his hiring a “milestone” for year-old Bastion, noting Fuentes will be a member of its investment team.
Prior to coming onboard with Bastion, Fuentes had been with KPMG Corporate Finance for a year. There, Fuentes held the title of senior director of global infrastructure. From 1997 to 2007, he was director of development with Cintra. Fuentes then moved on to Ferrovial, where he served as director of market analysis and development until 2011.
Bastion characterized Fuentes as a transportation infrastructure specialist, noting his knowledge of Europe, North America and South America.
The company went on to point out Fuentes was involved with the Ontario Highway 407 or 407 Electronic Toll Route (407 ETR) project. In 1999 Cintra, as part of consortium 407 International, was awarded a 99-year lease of 407 ETR in exchange for $3.1 billion.
Bastion in announcing Fuentes had been hired touted the addition of David Kaposi, David Perl and Karynna Ma in the wake of its 2012 launch.
Investor relations head Kaposi joined from Mercer Consulting. Perl, a vice president with Bastion, had worked for Macquarie Capital. Ma was director of managed assets for Mackenzie Investments.
Bastion was founded by Ron Lepin, who worked for the Ontario Teachers’ Pension Plan and Morgan Stanley, where he presided over what would become a $4 billion infrastructure fund business.