ThomasLloyd Energy Impact Trust (TLEP/TLEI) has announced a number of senior appointments at its investment manager, ThomasLloyd Global Asset Management (Americas) LLC (a wholly-owned subsidiary of ThomasLloyd Group Ltd).
As yet unnamed chief investment officer (CIO)
TLEP’s manager has recently agreed the appointment of a CIO. We do not know who this person is yet, but the appointee is expected to take up the role in May 2023, following the conclusion of their current employment obligations “with a major UK investment firm”. TLEP says the CIO designate will bring over 25 years of sustainable infrastructure investment and corporate finance experience, and has deep experience of real asset investments and active asset management. This includes experience in developing and emerging Asian markets, which it says will provide additional support to its investment portfolio as it continues to diversify into new geographies and new renewable technologies. The Board will make a further announcement on the identity of the appointee closer to their start with ThomasLloyd.
Smita Nakhooda – head of impact and ESG
In October 2022, TLEP’s manager recruited former Asia Development Bank (ADB) principal results management specialist, Smita Nakhooda as head of impact and ESG. In this role, Smita is responsible for further enhancing the manager’s impact investment framework, evolving its policies and practices in line with industry best practice and the global sustainability agenda and ensuring the firm remains at the forefront of impact investing. Prior to joining ThomasLloyd, Smita was based in the Philippines and was responsible for leading the integration of the UN’s Sustainable Development goals into the ADB’s policies and key performance indicators. Smita brings nearly two decades of experience on environmental sustainability, social inclusion and robust governance practices, particularly in emerging markets.
Mike Craston – independent non-executive chair
In July 2022, ThomasLloyd Group Ltd appointed Mike Craston to its Board of Directors as an independent Non-Executive Chair. TLEP says that Mike’s appointment brings an independent perspective to the ThomasLloyd Board decision making process, providing constructive challenge to the senior executive team as well as demonstrating ongoing commitment to the highest standards of corporate governance. Mike has a long career in the investment industry, being appointed a chair of the Board of Aviva Investors, Railpen and London CIV and, prior to that, Mike was a member of the Aviva Investors Global Executive Committee where he led the client solutions functions and previously held a number of roles at Legal & General Investment Management, including that of CEO America and Asia.
Other promotions and structural changes within the investment team
The department responsible for the sourcing, acquisition, project finance and disposal of infrastructure investments at TLEP’s manager will be led by Nandita Sahgal-Tully, who has assumed the role of head of M&A and project finance.
After more than 15 years of service with the manager, Tony Coveney, head of infrastructure asset management and a member of the infrastructure Investment Committee, will be retiring in August 2023.