Showing that there is still a big role for banks committed to the asset class, Dutch bank ING has expanded its London-based infrastructure debt structuring and advisory platform.
Former director Alistair Higgins, who played a major role in honing ING’s PEBBLE open source platform for greenfield project financing, has been appointed head of structured bonds and will head capital markets activities for the bank’s infrastructure and energy business.
A statement from ING said Higgins’ new role was in response to the “continued build-up of investor demand for the stable cash flow and long-dated transactions evident in these sectors”. It added that the bank is working with institutional investors by “resourcing bid processes, underwriting investor subscriptions and providing credit enhancement”.
Higgins, who joined ING in 2008, will report to Jaap Jan Prins, global head of structured finance for energy, transport and infrastructure; and Corrado Cogliati, head of high grade origination.
Three new hires are also joining the London infrastructure team: Guillaume Vanderwalle from Barclays, Pieter Sablon from KPMG and Emmett Neeson from PWC.
Furthermore, two professionals currently based overseas are moving to the London operation. Alejo Fernandez relocates from ING Madrid to join the team as a director reporting to Michael Dinham, head of infrastructure debt and advisory; while Amaury Gilliot moves to the London team from ING’s Brussels office.
“The expansion of the infrastructure platform is in response to both increased deal flow and a focus on more sustainable business that supports continued investment in the development of essential energy, water and infrastructure assets,” said Dinham in a statement.