Hastings experienced investment team comprises
investment professionals who specialise in creating and managing infrastructure
equity solutions on behalf of clients.
Located across Melbourne, Sydney, London and New York in the US, the
team includes a complimentary mix of skills ranging from actuarial and legal to
project, structure finance and investment management.
The depth and breadth of our investment team enables
us to source new opportunities whilst simultaneously actively managing assets, implementing
overall portfolio strategy and actioning exit strategies if required.
Our network of relationships and partnerships has
enabled us to build an established market presence in Australia, the US and
Europe. When sourcing potential opportunities our investment team draws
on a variety of sources including investment banking relationships, Government
contacts, relationship partners, industry specialists, competitive processes
and existing assets.
Our remuneration structure is performance-linked, and
offers attractive rewards to ensure we attract and retain the best people.
Biographies
Richard
joined Hastings in May 2006 and has over 20 years’ experience in the finance
industry. He is a member of the Investment Committee and is responsible for the
portfolio and asset management activities of the Australian unlisted
infrastructure equity team. He is also the Chief Executive Officer of the
Utilities Trust of Australia (UTA).
Richard
has represented Hastings as director on the Boards of many companies including
Perth Airport, Epic Energy, Interlink Roads, Statewide Roads, Port of Portland. He has also managed some of our largest
and most complex transactions including South East Water, Perth and Melbourne
Airports and Freeport LNG.
Prior to
joining Hastings, Richard was a partner of Mallesons
Stephen Jacques, where he specialised in project and
infrastructure finance and spent his last six years there acting for Hastings’
investments amongst other things.
Richard
has a Bachelor of Commerce and a Bachelor of Laws (Honours)
from the University of Melbourne.
Peter Johnston, Executive Director,
Infrastructure
Peter joined Hastings in March 2011 with an
infrastructure career spanning more than 16 years. His experience ranges from
corporate finance advisory for an integrated utility to portfolio management,
transactions, co-investment and investor relations. As
a key member of Hastings’ senior investment team, Peter is jointly responsible
for the Australian unlisted infrastructure equity team and leads The
Infrastructure Fund and Westpac Essential Services Trust teams.
Prior to joining Hastings, Peter spent nine
years at Macquarie in various senior roles across Macquarie’s Capital Funds, Listed
Funds and Private Placement Group. Peter’s previous experience includes a
senior investment role with Industry Funds Management and positions at KPMG
Corporate Finance and Multinet Gas.
Peter has a Bachelor of Economics degree from
Monash University, and a Graduate Diploma in Applied
Finance and Investment. He is also a qualified CPA and a Fellow of the
Financial Services Institute of Australia.
Irene joined Hastings in February 2013 and
has over 20 years' experience in the finance industry. As a key member of the
senior investment team and member of the Executive Leadership team, Irene is
responsible for leading Hastings operations in North America and will also lead
Hastings business development, institutional relationship building and fund
raising activities in the North American market.
Prior to joining Hastings, Irene was a Managing Director, Investor Relations
Group, at First Reserve Corporation in Greenwich, Connecticut. Irene previously
was a Director at Kohlberg Kravis Roberts & Co, where she was primarily
focused on energy and infrastructure, and prior thereto, was Chief Operating
Officer of KKR Capital Markets LLC. Previous to KKR, Irene was a Director,
Equity Capital Markets, at Citigroup Global Markets in New York.
Irene has a Master of Laws, Honours from The
University of Chicago Law School together with a J.D., Magna cum Laude (Silver
Medalist) from the Faculty of Law, University of Ottawa, and a Bachelor of
Social Sciences, Economics and Mathematics, Summa cum Laude (Gold Medalist)
from the Faculty of Social Sciences, University of Ottawa.
Steve
Rankine, Executive Director, Infrastructure Debt
Steve
is the global Head of Infrastructure Debt and is also a member of the Executive
Committee. Steve brings 25 years experience in financial services to Hastings.
Prior to joining Hastings, Steve ran
Westpac’s Debt Capital Markets division for approximately three years, which
had in excess of 100 employees based in Sydney, Melbourne, Auckland, Singapore,
London and New York. Under his leadership, Westpac became one of the leading
banks in the syndicated loans, bonds and securitisation markets in
Australia. Steve has had extensive
experience on a large number of advisory, project, structured and leveraged
finance transactions. He previously
established and ran Westpac’s Project and Structured Debt team and,
additionally, was responsible for Westpac’s institutional loan portfolio.
Steve holds a Bachelor of Economics from the
University of Sydney and has been a member of the Institute of Chartered
Accountants since 1984.
Valeria
joined Hastings in May 2006 and is a member of the Investment Committee and the
Senior Executive team. Based in London; Valeria is responsible for origination
of investment opportunities, execution and structuring of transactions and
management of portfolio companies across the UK and Europe. Valeria is a
director on the Boards of South East Water group and a member the Investor
Committee of the HOCHTIEF AirPort Capital.
Prior to joining Hastings, Valeria executed and advised on a large number of
infrastructure and other transactions at Gleacher Shacklock, Merrill Lynch (European Energy and Power) and
Lehman Brothers (European Mergers and Acquisitions).
Valeria has a Bachelor Degree in Business and Economics (Honours)
from the University L.U.I.S.S. Guido Carli in Rome.
Peter Taylor, Executive Director,
Infrastructure
Peter joined Hastings
in March 2000 and is Deputy Chairman of the Investment Committee. Peter was the
Responsible Executive for The Infrastructure Fund between July 2000 and June
2006 and Chief Operating Officer of the Utilities Trust of Australia UTA
between January 2004 and September 2010. Peter was based in the US from 2006 to
September 2012 where he established our North American business, building strategic
relationships and partnerships, and furthering our managed funds’ objectives in
new investment opportunities, equity asset management and capital raising in
the region. Peter has returned to Australia to take up the position of
Executive Director, New Investments.
Peter has successfully led a number of key projects, including the successful
bid for the acquisition of the Sydney Desalination Plant. He was instrumental
in the merger of UK water companies, Mid Kent Water and South East Water and
established the Zachry Hastings
Infrastructure Partners relationship and the acquisitions of Southwest
Generation and Freeport LNG. He has also been director on several Boards
including Perth Airport, Queensland Airports Ltd, NT Airports Ltd, Interlink
Roads, Port of Portland, Epic Energy, Global Renewables,
Mid Kent Water, South East Water, and is currently a director on Southwest
Generation and State Highway 130 Segments 5&6.
Prior to joining Hastings, Peter worked in the Structured Asset Finance
division at Deutsche Bank and at a number of chartered accounting firms in
Brisbane and Sydney.
Peter has a Bachelor of Business (Accounting) from the Queensland University of
Technology, majoring in business and taxation law, and is a member of the
Institute of Chartered Accountants.
Geraldine joined Hastings in June 2008 and
has 13 years’ experience in infrastructure and real estate investment
management. Based in our US office, Geraldine is responsible for equity asset
management for both new investment opportunities and completed investments.
Geraldine is also an alternate member on the Investment Committees for Hastings
and Zachry Hastings Infrastructure Partnership,
(ZHIP) L.P.
Prior to joining Hastings, Geraldine was Head
of the Investment Management Group for the infrastructure funds management
joint venture between Mirvac Ltd and Leighton
Holdings in Australia. Geraldine also spent four years at Deutsche Bank Asset
Management and has held a number of directorships on a diverse range of
infrastructure assets.
Geraldine has a Post Graduate Diploma in
Applied Finance and Investment from the Financial Services Institute of Australia
as well as Bachelor degrees in Business (Economics) and Applied Science. She is
also a Member of the Australian Institute of Company Directors.
Richard
Barresi, Director, MEEMA
Richard joined Hastings in March 2010 and is
based in Melbourne. Richard is currently a key member
of the MEEMA (Middle East and Emerging Markets Asia) team focusing on
commercial opportunities in Asia. Previously Richard was a member of the ASX
listed Hastings Diversified Fund (“HDF”) and has undertaken a number of
infrastructure transactions in Australia, US and UK since being at Hastings.
Prior to joining Hastings, Richard was
Director of the Global Banking & Markets Group at the Royal Bank of
Scotland (RBS) in London. Previously, Richard worked at KPMG in both Melbourne
and London in the Transaction Services and Middle Market Advisory Groups where
he focused on all phases of the mergers and acquisitions cycle.
Richard has been a member of the Institute of
Chartered Accountants in Australia since 1998 and has a Bachelor of Business in
Accountancy and Economics and Finance and has part completed a Post Graduate
qualification in Applied Finance and Investment.
Tim Cable,
Director, Infrastructure Debt
Tim joined Hastings in April 2012 with
extensive financial services experience in debt transactions. Based in London,
Tim is responsible for capital raising, origination and asset management.
Prior to joining Hastings, Tim spent more
than 13 years at Westpac. Key transactions have included the A$500 million
acquisition of an Australian gas distribution business, Port of Brisbane bid,
Queensland Motorways acquisition and Greenfields PNG LNG Development. His most
recent role was Director, Infrastructure and Utilities, with responsibilities
for the management of a significant portfolio of Infrastructure Funds,
utilities and transport Infrastructure clients, origination and execution of a
wide range of transactions. Previously, TIm was Director, Corporate and Institutional Banking, and
was responsible for a portfolio of Hedge Fund and Diversified Fund clients in
Europe. He was also Chair of the Business Development Committee.
Tim has a Bachelor of Commerce and a Masters
of Business from the University of Otago in New
Zealand and a Masters of Business Administration (MBA) from the London Business
School in the UK.
Nick
Cleary, Director, Infrastructure Debt
Nick joined Hastings in April 2012 and is
primarily responsible for capital raising, origination and asset management in
North America from our New York office, and supporting the wider Infrastructure
Debt funds management activities of Hastings.
Prior to joining Hastings, Nick spent more
than six years at Westpac initially in the Energy Resources team and more
recently as Director, Project and Infrastructure Finance. In this role he was responsible
identification of opportunities, origination and execution of infrastructure,
PPP, energy, export credit and natural resource transactions. Transactions have
included LNG, toll roads, energy and general port infrastructure, gas fired and
renewable electricity generation projects. Nick was also involved in the
collaboration on sector strategies.
Previously, Nick held a number of roles at
the International Energy Exploration Industry including research and
development and Chief Surveyor and Navigator in Asia, the Middle East, Latin
and North America.
Nick has a Bachelor of Surveying (Land
Surveying) from the University of Tasmania, and a Masters of Business
Administration (MBA) from the Macquarie Graduate School of Management.
Andrew
joined Hastings in January 2006 and has a variety of asset management and
acquisition execution responsibilities within the Australian unlisted
infrastructure team. He is also a non-executive director of Australia Pacific
Airports Corporation, the owner and operator of Melbourne Airport and
Launceston Airport.
Andrew
provided analytical support to the ASX-listed Australian Infrastructure Fund
(AIX) before relocating to New York in 2007 to work on power and energy sector
acquisitions on behalf of Hastings’ unlisted funds. He later moved to San
Antonio where he led the analysis and transaction execution activities for the Zachry Hastings Alliance and was a non-executive director
of Southwest Generation.
Prior to
joining Hastings, Andrew spent three years at General Motors Holden as a
project engineer and business manager where, he structured, raised capital and
successfully launched a new joint venture between Holden and several suppliers.
Andrew has
a Bachelor of Electrical Engineering and a Bachelor of Commerce (Honours) from the University of Melbourne and is a graduate
member of The Australian Institute of Company Directors.
Paul Fennelly, Director,
Infrastructure
Paul
joined Hastings in January 2007 from Westpac’s Specialised
Capital Group. Paul’s responsibilities include sourcing and developing
Australian infrastructure investment opportunities as well as developing
consortium partners for social and economic infrastructure bids. Paul advises
on Government policy and regulatory issues in addition to managing
relationships with State and Federal Governments and senior industry
executives.
Prior to
joining Hastings, Paul was Director-General (CEO) and Queensland
Coordinator-General for the Queensland Department of State Development, Trade
and Innovation (DSDTI). Paul reported to the Premier of Queensland and the
Minister for State Development and was responsible for strategic development
and management. Previously, Paul was Executive Director, Victoria of the
Australian Industry Group.
Paul has a
Post Graduate Diploma in Law from the University of Melbourne, a Bachelor of
Arts from the University of Queensland and a Bachelor of Laws from the
Queensland University of Technology. He has also successfully completed the
General Manager Program at the Australian Graduate School of Management, the
Advanced Finance Program at the Melbourne Business School and is a member of
the Australian Institute of Company Directors.
James
joined Hastings in March 2005 and is responsible for asset management,
portfolio strategy and investment analysis of unlisted infrastructure. He also
prepares investment proposals for the Hastings Investment Committee and Fund
Boards and is a director of Port of Portland, Sydney Desalination Plant and Ballarat Water.
Prior to
joining Hastings, James worked as a project development manager for Pacific
Hydro, where he specialised in project financing of
Australian wind farms.
James has
a Bachelor of Engineering and Bachelor of Commerce from the University of
Melbourne. As a Fellow of the Financial Services Institute of Australasia, he
has also completed a Master of Applied Finance.
David Q Lee, Director, Investment Risk
David
joined Hastings in November 2008 with over 25 years’ asset consulting
experience for major Australian, New Zealand and Asian superannuation funds and
other financial institutions. As an alternative asset specialist, David has
developed and implemented innovative approaches to portfolio construction.
David is Chairman of the Investment Committee and is responsible for analysing the key macro-economic drivers of portfolios and
providing input to origination and equity asset management strategies.
Prior to
joining Hastings, David was a principal at Mercer Investment Consulting
responsible for servicing a number of key clients and developing alternative
asset investment solutions. Previously, David was Managing Director, Global
Strategic Services for Citigroup Asset Management, located in New York and then
London. In 1994, David co-founded the boutique alternative asset advisory firm
Quentin Ayers.
As a
respected educator, David has lectured in finance and investments at the
University of Adelaide, the Australian National University, The University of
Melbourne, the Royal Melbourne Institute of Technology and Macquarie
University. He has a Master of Philosophy in Economics from Cambridge
University, a Master of Business Administration and Bachelor of Economics, with
Medal in Commerce, from the University of Adelaide and a Graduate Diploma in
the History and Philosophy of Science from the University of Melbourne. He has
a Certificate in Investment Management as mandated by the Financial Services
Authority in the UK. He is currently completing a PhD in the Philosophy of
Science at The University of Melbourne on the methodology of financial
economics.
Ross joined Hastings in April 2005 from
Westpac’s Specialised Capital Group and manages
Hastings’ key existing infrastructure focused debt funds. Based in Sydney,
Ross’ responsibilities include developing fund portfolio strategy, origination,
monitoring existing assets, investment and divestment proposals, executing high
yield investment transactions and investor relations. Key transactions include recapitalisation of Epic Energy, PPP Bonnyrigg
Living Communities Project, and senior and subordinated debt facilities for
Delhi Petroleum.
Previously, Ross was a director in Hastings’
Infrastructure Originations team where he specialised
in the energy, power and utilities sectors. Ross has extensive experience in
originating, structuring and executing a number of debt and equity
infrastructure transactions, including a number of junior debt components, in
these sectors.
Prior to joining Westpac, Ross was in the
Australian and New Zealand Project Finance & Advisory teams at ABN AMRO
where he participated in a number of greenfield
project finance transactions, and debt advisory roles for various merger and
acquisition transactions.
Ross has a Bachelor of Engineering from the
University of Canterbury and a Masters of Business Administration from Victoria
University, Wellington, both in New Zealand.
Jonathan
joined Hastings in November 2007 and is responsible for the identification and
assessment of investment opportunities. He is a director on the Boards of
Interlink Roads, Statewide Roads and Envirogen Pty
Ltd.
Prior to
joining Hastings, Jonathan was a partner in the Corporate Finance division at
international accounting firm KPMG where he specialised
in infrastructure valuations for listed and unlisted clients.
Jonathan
has a Bachelor of Business (Finance and Economics) from RMIT and a Graduate
Diploma in Applied Finance and Investment from the Financial Services Institute
of Australasia.
Ilan joined Hastings in March 2006 and is
responsible for debt advisory and arrangement. Since joining Hastings, Ilan has
completed more than A$5 billion in debt financing. In
his current role, Ilan identifies and delivers appropriate financing structures
for various acquisition and bid situations. He also arranges and oversees debt
facilities across our existing funds. He has completed a wide range of
transactions including the acquisition of North Queensland Airports and major
refinancing of Perth Airport, North Queensland Airports, Epic Energy and Port
of Portland. Prior to the divestment of its property funds Ilan also completed
acquisitions and financings for Westpac Diversified Property Fund, Westpac
Office Trust (bank and CMBS debt) and the development funding for the Westpac
Cook Cove Trust.
Prior to joining Hastings, Ilan was at
Deutsche Bank’s Investment Banking division where he specialised
in corporate debt advisory, leveraged finance and infrastructure funding in
the.
Ilan has a Bachelor of Laws and Commerce (Honours in Banking and Finance) from the University of New
South Wales.
Peter
joined Hastings in March 2008 and has more than 18 years’ experience in
investment management and consulting. He is Chief Operating Officer of The
Infrastructure Fund (TIF) and a director on the Boards of Envirogen
Pty Ltd, Hancock Victorian Plantations Pty Ltd, Grand Ridge Plantations Pty Ltd
and Tiaki Plantations Company (NZ).
Prior to
joining Hastings, Peter was Manager, Infrastructure Investment for UniSuper’s specialised internal
investment department. In this role, Peter managed a $1.2 billion
infrastructure investment portfolio and $400 million timberland investment
portfolio. He was directly involved in asset management, competitive bids and
negotiating trade sales for unlisted infrastructure assets. Previously, Peter
spent six years at William M. Mercer where he gained experience as an
investment consultant and analyst across the actuarial and asset consulting
practice groups.
Peter has
a Bachelor of Economics (Honours) from Monash University and a graduate Diploma in Applied Finance
and Investment from the Securities Institute of Australia. He is also a member
of the Chartered Financial Analyst Institute and Fellow of the Financial
Services Institute of Australasia.
Oliver Schubert, Director,
Infrastructure
Oliver
joined Hastings in August 2012 with more than 15 years experience in
originating and executing M&A transactions, building teams and originating,
structuring and syndicating debt financing packages, particularly in the
electricity, gas and renewable energy industries. Based in London, Oliver is
responsible for origination of investment opportunities and structuring and
execution of transactions.
Prior to
joining Hastings, Oliver was a Senior Vice President at Macquarie Capital in
Frankfurt where he advised Macquarie funds and other infrastructure investors
on equity investments in infrastructure assets in Germany, Austria and
Switzerland. Specifically, Oliver
advised Macquarie infrastructure funds on the acquisition of gas transmission
systems operator Thyssengas and on a number of
attempted acquisitions in the regulated or contracted energy space including
BEB gas transmission grids, Vattenfall power
transmission grids and BEB gas storage.
Oliver has
an MBA from INSEAD (France/Singapore) and a Masters Degree in Business Administration
from ESSEC Business School, France.
Bill Streeter, Director, MEEMA
Bill
joined Hastings in 2011 and is the Head of Debt for MEEMA and resides in
Singapore. Prior to Hastings, Bill was the Managing Director and Head of the
Global Infrastructure Group, Asia Pacific, and of the International Public
Finance Group, Asia Pacific for Fitch Ratings. He was responsible for the
credit ratings of debt financings for infrastructure assets in the
transportation, energy, water and social infrastructure sectors, as well as
state and municipal ratings in India. Prior to Fitch, Bill worked for twelve
years at Moody’s Investors Service in public and infrastructure finance. Before
that, he was a budget analyst at the City of San Antonio, Texas.
Bill has a
graduate degree in city and regional planning from the Kennedy School of
Government, Harvard University and an undergraduate degree in political science
from the University of Houston.
Allan Wain, Director, MEEMA
Allan
joined Hastings in early 2010 as the Head of Strategy before being appointed as
the Head of MEEMA. Allan is also a member of the Hastings Investment Committee.
Prior to
joining Hastings, Allan spent nearly a decade as the key Economics and Strategy
Adviser to the Office of the President and Cabinet of a Middle Eastern country.
Previously Allan worked at BHP Petroleum where he was Strategy Adviser to the
Chief Executive and the Principal Economist. In this role Allan was responsible
for identifying, evaluating and financing offshore oil and gas and related
infrastructure assets. Allan has also had extensive experience in Asia and the
Middle East as the Principal of his own management consulting firm.
Allan has
studied at the University of Melbourne, Stanford University, Harvard University
and the University of London and holds a number of Masters and PhD degrees,
together with postdoctoral, postgraduate, and undergraduate qualifications in
economics, finance, and engineering. Allan is also currently a Fellow at
Harvard University.
Lisa Henderson, Director, Marketing
and Client Services
Lisa
joined Hastings in 2007 and leads the corporate marketing and client services
function for Hastings globally. She is
responsible for promoting Hastings to a wide range of external stakeholders in
Australia and offshore and providing high quality servicing to Hastings
institutional clients.
Lisa is an
experienced marketing professional with more than 24 years’ experience as a
senior marketing and communication specialist at some of Australia’s most well
known financial services brands. Prior
to joining Hastings, Lisa was Head of Marketing, Product and Online Banking for
ANZ Business Bank, Group General Manager Segmentation, ANZ Retail Bank and
General Manager Marketing for The Suncorp Group. Lisa has also held senior marketing
positions in JP Morgan Investment Management and Citigroup Asset Management.
Lisa has a
Master of Marketing from Melbourne Business School and a Bachelor of Arts in
Management Communications from Deakin University,
Victoria.
Heiko
joined Hastings in November 2012 and has responsibility for Hasting business development, institutional relationship building and
fund-raising activity in the United Kingdom/Europe working in conjunction with
the London based Investment Team.
Prior to
Hastings, Heiko was Principal, Head of Infrastructure Europe at Pantheon
responsible for infrastructure investment opportunities in Europe. He
co-managed the $500m Infrastructure Investment Programme
with focus on Europe, lead co-investment, secondary investment and primary
fund-of-funds investment activities and was also responsible for fund raising
for infrastructure programme with European
institutional clients.
Before
joining Pantheon, Heiko was an Investment Director at EISER Infrastructure
Fund, previously known as ABN Amro, and before that
was Head of Infrastructure Finance for Continental Europe at Bank of Scotland.
Heiko has
a Masters in Economics from Polytechnic University of Koblenz. He
is native German and also speaks English and French fluently.
Nadia Karkar, Associate Director,
Business Development & Investment
Nadia
joined Hastings in July 2012 as a member of the business development team and
is based in Melbourne.
Prior to
joining Hastings, Nadia worked for four years as a corporate associate in the
New York and Hong Kong offices of Weil, Gotshal &
Manges LLP, focusing her practice on representing
clients in cross-border and multi-jurisdictional private equity and M&A
transactions. Nadia has experience in public and private acquisitions and
divestitures, going private transactions, spinoffs and corporate
restructurings. She has also counselled
companies and not-for-profit organisations on a range
of governance issues.
Nadia has
a Bachelor of Commerce (First Class Honours) and a
Bachelor of Laws (Honours) from the University of
Melbourne and a Master of Business Administration from the University of Chicago Booth School of Business.
Dan Quin, Senior Associate, Investor
Relations
Dan joined
Hastings in October 2011 and is a member of the Investor Relations team based
in Melbourne. Dan’s role is to provide client support and servicing for
investors, with a primary focus on Hastings unlisted products.
Prior to
joining Hastings, Dan worked for six years at Equity Trustees Ltd as a
relationship and product manager in the corporate fiduciary team, servicing
investment managers and their custodians who had outsourced the Trustee and
Responsible Entity functions. Dan began his career in the UK pension
industry, initially with an outsourced administration provider before moving to
Goldman Sachs International where he spent four years managing the day to day
operations of their employee pension plan.
Dan has a
Bachelor Degree (Honours) in Politics and International
Relations from the University of Southampton, UK.