Australian Infrastructure Fund
People
australian infrastructure fund limited Board
Paul Espie
BSc, MBA, FAICD
Term of office: Chairman since 13 August 2004, Director since June 1994
Non-executive and Independent: Yes
External directorships:
Current: Chairman of Pacific Road Group. Director of Pacific Road Capital Management.
Previous: Director of Utilities of Australia Pty Limited and Hastings Funds Management Limited. Chairman of Freight Rail Corporation and Oxiana Limited.
Skills, experience and expertise:
Paul Espie is the founder and Managing Director of Pacific Road Group, adviser to governments and major Australian companies, particularly in the resources, infrastructure and services sectors. Before establishing Pacific Road in 1987, Paul was Senior Vice President of Bank of America responsible for Australia, New Zealand and Papua New Guinea. He held corporate and investment banking appointments in England and the USA with the Bank (and its predecessors in Australia) from 1974.
AIFL Board committee membership:
Paul was appointed a member of the Audit Committee in August 2004.
steve boulton
BBus, MTM, GAICD, FAIM, CMAHRI
Term of Office: Director since September 2007
Non-executive and Independent: No
External directorships: Current: Director of several Hastings managed companies.
Previous: Steve was previously a director of a number of Babcock & Brown related entities.
Skills, experience and expertise:
Steve commenced the role of CEO of Hastings in September 2007. Prior to this Steve held the position of CEO of Babcock & Brown Infrastructure, a top 100 ASX infrastructure, and utility entity with assets spread globally across three continents. He has also held CEO roles with Powerco, a New Zealand Exchange Limited (NZX) listed energy utility, and with Allgas based in Queensland. With these roles Steve grew the business ownership, operations and assets under management by leading numerous transactions in the infrastructure and utility sectors, including mergers and acquisitions, and both equity and debt capital markets. He has held a range of executive level positions in the infrastructure and utility sectors with experience in listed, unlisted and public utilities for more than 30 years.
HFML Board committee membership: No.
John Harvey
BJuris, LLB, FCA
Term of office: Director since July 2004
Non-executive and Independent: Yes
External directorships:
Current: Director of David Jones Limited and Chairman of the Audit Committee. Director of Templeton Global Growth Fund Limited.
Previous: Chief Executive Officer (CEO) of the Mt Eliza Business School and prior to that the inaugural CEO of PricewaterhouseCoopers in Australia.
Skills, experience and expertise:
John had a 25-year career with PricewaterhouseCoopers during which he provided professional advisory services to many multinational and Australian national companies and was a registered company auditor for 20 years.
AIFL Board committee membership:
John was appointed a member of the Audit Committee in July 2004 and has been Chairman of the Audit Committee since August 2004.
Robert Humphris OAM
ARSM, BSc (Eng) Hons, CEng, FIMMM, FAIMM
Term of office: Director since September 2006
Non-executive: Yes
Independent: Yes
External directorships:
Current: Chairman, Ampcontrol Pty Ltd.
Director, Leighton Holdings Limited and Leighton International Limited
Previous:Managing Director of Peabody Resources Pty Ltd (previously Costain Australia Limited).
Chairman of New South Wales Mineral Council, Australian Coal Association and Newcastle Coal Shippers Limited.
Director of Australian Coal Research Limited, Port Waratah Coal Services Limited and ASX listed company AurionGold Limited.
Skills, experience and expertise
Robert brings to AIF a wealth of experience and knowledge developed over a career spanning more than 40 years. Robert has extensive Australian and international experience working in the mining and construction industries.
AIFL Board committee membership
No.
Mike Hutchinson
BSc (Hons), CPEng
Term of office: Director since September 2005
Non-executive: Yes
Independent: No
External directorships:
Current: Director of Hastings Funds Management Limited.
Previous: Director of Pacific Hydro Ltd, OTC Ltd, the Australian Postal Corporation and the Australian Graduate School of Management Ltd. Chairman, HiTech Group Australia Ltd.
Skills, experience and expertise:
Mike Hutchinson is a qualified civil engineer, educated at the University of Newcastle upon Tyne, UK and Harvard Business School. He was formerly (1969-1980) an international transport engineering consultant with experience in the UK, France, Australia, Africa, South East Asia and the Pacific. From 1980-1999 he was a senior official with the Australian Government, mainly working in the transport and communications sectors. He worked closely on reform of the Australian Governments state-owned enterprise sector from 1987-1996 and was acting Managing Director of the former OTC Ltd in 1989. He led the Government's major privatisation program over the period 1996-1999, including Telstra, ANL Ltd, Australian National and most of Australia's airports, and he worked closely on the regulation of privatised infrastructure. Since 2000 he has practised as a private consultant and company director. He has been a trustee of the Australian Government's superannuation schemes and is currently a consultant to investment bank JPMorgan.
AIFL Board committee membership:
No.
Robert Tsenin
BEc, Dip Corp Fin
Term of office: Director since September 2005
Non-executive and Independent: Yes
External directorships:
Formerly a director of Goldman Sachs (Australia and New Zealand), Telstra Corporation, National Mutual Limited and various subsidiaries, SAGASCO Limited, WACO International, Lend Lease Corporation Limited and various subsidiaries.
Skills, experience and expertise:
Robert joined Goldman Sachs in 1987 in New York and was Managing Director of its Australasian operations when he retired from Goldman Sachs in 1997. He joined Lend Lease Corporation in 1997 as Finance Director until his retirement in 2003. Between 2003 and 2005 he was Senior Advisor to Lazard plc in London. He has extensive experience in capital markets, corporate finance and mergers and acquisitions.
AIFL Board committee membership:
Robert was appointed a member of the Audit Committee in December 2005.
Hastings Funds Management Limited Board
