Rich Randall, who joined Australian asset manager IFM Investors in the fall of last year, has brought a former colleague from the Royal Bank of Scotland on as an associate director on the firm's infrastructure debt team, which Randall leads out of IFM's New York Office.
Jessica Egan Thompson will be responsible for originating, executing and managing infrastructure debt investments for IFM’s institutional investors, according to a statement from IFM. She reports directly to Randall, who joined IFM as an executive director of North American debt from The Royal Bank of Scotland last year.
Randall was previously a managing director and head of the project finance group at RBS in Stamford and New York. Previously, he was vice-president, structured energy group at Calyon and has also worked at the Trust Company of the West and Credit Lyonnais.
Thompson also previously worked at RBS, where she was most recently a vice president of power project finance for two years. While there, she was responsible for executing and structuring project financing, raising capital and providing advice to clients in the power, utilities and renewable sector industries. Before that, she was an associate in power project finance and corporate finance advisory at RBS.
IFM has been investing in infrastructure debt globally on behalf of institutional investors for 15 years. The firm expanded its infrastructure debt capability to the UK and Europe with the appointment of David Cooper as executive director for debt investments in December, 2012. And the North American infrastructure group got its start with the appointment of Randall.
The firm now has a total of six investment professionals on the infrastructure debt teams in the US and UK. Globally, IFM Investors’ debt investments team is made up of 21 people and manages more than $2 billion in infrastructure debt investments.
As a whole, IFM Investors has $48 billion under management in a variety of private debt investments, infrastructure, public equity and other private capital. The firm was launched 20 years ago by 30 major Australian pension funds. It has offices in Melbourne, Sydney, New York, London, Berlin and Tokyo.