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Standard Life hires new head of infra debt

The global investment manager is setting up a new team dedicated to the asset class.

Asset manager Standard Life Investments has appointed Jeremy Allcock as its new head of infrastructure debt.

Allcock will report to Craig MacDonald, head of credit, and work closely with Fiona Dickinson, investment director of credit.

Based in London, Allcock and his new team will be responsible for investment into the asset class. Further appointments are expected to follow.

Previously, Allcock was head of project finance (public sector) at Nationwide Building Society. He has 17 years’ experience in the infrastructure funding sector.

MacDonald said in a statement: “Jeremy's appointment demonstrates our commitment to infrastructure investment and reflects client desire to lock in long-dated, reliable cash-flows generated by such 'alternative' or 'hard' assets – an arena in which Standard Life Investments has already established a strong reputation through its credit and real estate teams.”

The new team will focus on providing long-term senior debt to core infrastructure projects within the UK and some selected European jurisdictions, in sectors such as transport, social infrastructure and energy.

Standard Life Investments’ fixed income team manages more than £29.5 billion (€37.5 billion; $47.4 billion) in investment grade credit, of which around £3 billion is invested in infrastructure and related assets.