IFM Investors has appointed John Carey as investment director of European infrastructure debt, it announced today in a statement.
Carey will be tasked with originating, analysing and executing infrastructure debt investments in the UK and Europe. He will report to David Cooper, executive director debt investments at the Melbourne-based firm.
Carey joins IFM from rating agency Moody’s, where he was senior analyst in infrastructure finance and focused on Private Finance Initiative (PFI)/Public-Private Partnership (PPP) and airport credits. He was previously director in the infrastructure finance and project finance team at Barclays, which he joined in 2008 as associate director. His prior experience includes roles at Financial Guaranty Insurance and KPMG.
“Investors have increasingly turned to infrastructure debt as a defensive allocation, given the low real returns from conventional sovereign bonds,” commented Cooper in the statement. “Over the past two years, we have made great strides building specialist resources to offer infrastructure debt expertise to investors on a global scale.”
Carey’s addition to the team comes after the firm expanded to the UK and Europe with the appointment of Cooper in 2012, and followed on with the US market as it hired Rich Randall as executive director debt investments in 2013.
IFM’s debt investment team counts 21 investment professionals and manages about £1.6 billion (€2.0 billion; $2.7 billion) of investments.