The UK's Pensions Infrastructure Platform has appointed Tony Poulter as its new chairman after Joanne Segars left the post she has held since 2014.
Poulter joins the investment group from his most recent full-time job as global head of consulting at PwC, which he held between January 2007 and July 2016. He previously was a partner and then global head of project finance at the firm, working on PPPs in the transport and utilities sectors since 1988.
Poulter remains a panel member of the UK Cabinet Office’s Major Projects Review Group, advising on schemes costing over £1 billion ($1.2 billion; €1.1 billion), while he sits as a non-executive board member at the Department for Transport. Poulter also acts as a senior adviser to First State Investments, a position he has held since September, and as a senior independent director to the Green Investment Bank.
Upon his appointment at the PIP, Poulter acknowledged the “a huge need” to bring more pension fund investment into UK infrastructure. The platform has “a clear focus and the right structure in place” to facilitate this, he added.
The PIP is currently fundraising for its £1 billion Multi-Strategy Infrastructure Fund, which was launched in March last year and reached a £125 million first close the following month. The vehicle made its first debt investment in a solar rooftop portfolio in July and its first equity investment in small-scale wind last month.
Poulter is the latest addition to the PIP squad after the platform hired Angela Gyulveszy and Nick Cole as investor relations director and investment director respectively in September. Paul Gill was then appointed as investment manager in November.