Columbia Threadneedle Investments has started building an infrastructure investment capability for institutional and private clients in Europe.
The company has hired Heiko Schupp to the newly created role of global head of infrastructure investments and a further three infrastructure investment professionals Ash Kelso, Antonio Botija and Ingrid Weston will join him in the new team.
The team will work closely with the company’s Environmental, Social and Governance investment team, not only to manage risks around environmental and social impact, but also to target investments with clear sustainability business practices, Columbia Threadneedle said in a statement announcing the hires.
Schupp is an experienced investor with a track record of more than 20 years of investing in international infrastructure transactions and assets, joining from Hastings Fund Management where he was a senior portfolio manager. He has previously held other senior roles within Pantheon Ventures, Bank of Scotland and PricewaterhouseCoopers.
Ash Kelso, joins as head of asset management, with more than fifteen years’ investments experience. He joins from PriceWaterhouseCoopers, where he was director for energy, utilities and infrastructure.
Antonio Botija joins as head of acquisitions with asset management experience that also stretches back more than fifteen years. He was previously an investment director at Hastings Fund Management.
Ingrid Weston joins Columbia Threadneedle as a senior portfolio manager from HSBC Global Asset Management, where she worked as a product specialist in infrastructure debt.
Michelle Scrimgeour, CEO, EMEA at Columbia Threadneedle Investments, said: “In an era of low interest rates, the long-term nature of infrastructure assets and their stable, inflation-linked income characteristics match the longevity and total return requirements of institutional investors’ portfolios.
“The investment opportunity for the private sector is growing – public spending is constrained, yet governments around the world need to construct more assets to maintain their economic growth. It is estimated that in Europe alone, two trillion Euros of investment in infrastructure is needed by 2020.
“Heiko brings extensive infrastructure experience to our firm and together with his team is very well placed to establish an attractive investment solution for our clients in the UK and Europe.”