ThomasLloyd Energy Impact Trust PLC Investment Manager - Senior Appointments (1423J)

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RNS Number : 1423J

ThomasLloyd Energy Impact Trust PLC

09 December 2022

LEI: 254900V23329JCBR9G82

9 December 2022

ThomasLloyd Energy Impact Trust plc

Investment Manager strengthens its asset management and impact teams with senior appointments

ThomasLloyd Energy Impact Trust plc (the "Company"), the renewable energy investment trust providing direct access to sustainable energy infrastructure in fast-growing and emerging economies in Asia, is pleased to announce the following changes and senior appointments at its investment manager. ThomasLloyd Global Asset Management (Americas) LLC (the "Investment Manager") is a wholly-owned subsidiary of ThomasLloyd Group Ltd ("ThomasLloyd").

Chief Investment Officer - As part of the ongoing commitment to broaden the investment management team, ThomasLloyd has recently agreed the appointment of a Chief Investment Officer. 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. They will bring over 25 years of sustainable infrastructure investment and corporate finance experience. The appointee has deep experience of real asset investments and active asset management, including in developing and emerging Asian markets, which will provide additional support to the Company's 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.

Head of Impact and ESG - In October 2022, ThomasLloyd 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 Investment 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. As an international expert on sustainable finance and climate change, Smita brings nearly two decades of experience on environmental sustainability, social inclusion and robust governance practices, particularly in emerging markets.

Independent Non-Executive Chair of ThomasLloyd - In July 2022, ThomasLloyd appointed Mike Craston to its Board of Directors as an independent Non-Executive Chair. 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 and distinguished 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.

Promotions and structural changes within the Investment Team - To support the continued accelerated growth trajectory of ThomasLloyd and the expanding investment portfolio of the Company, the department responsible for the sourcing, acquisition, project finance and disposal of infrastructure investments will be led by Nandita Sahgal-Tully, who has assumed the role of Head of M&A and Project Finance. Additionally, after more than 15 years of service with the Investment Manager, Tony Coveney, Head of Infrastructure Asset Management and a member of the Infrastructure Investment Committee, will be retiring in August 2023.

Michael Sieg, Chair of the ThomasLloyd Investment Committee, commented:

"These new appointments bring a range of leadership and technical skills to ThomasLloyd, combining strong and relevant experience in our core and target markets, which will strengthen the team and further develop our business. As a whole, this team will support us in our continued growth to deliver an attractive and distinctive investment proposition for the Company's shareholders and, most importantly, to continue to deliver impact where it is most needed. I would also like to take this opportunity to thank Tony for his many years of service. It has been a privilege to have worked with him in developing the investment strategy for TLEI as it is today."

For further information, please contact:

 
 ThomasLloyd Group (Investment Manager) 
  Andreas Schmitzer (Investment Products          Tel: [phone] 
  & Services) 
  Nandita Saghal-Tully (Infrastructure 
  Investment Team) 
 Shore Capital (Joint Corporate Broker)        Tel: [phone] 
  Robert Finlay / Rose Ramsden (Corporate) 
  Adam Gill / Matthew Kinkead / William 
  Sanderson (Sales) 
  Fiona Conroy (Corporate Broking) 
 Peel Hunt LLP (Joint Corporate Broker)        Tel: [phone] 
  Luke Simpson / Huw Jeremy (Investment 
  Banking Division) 
 Camarco                                       Tel: [phone] 
  Louise Dolan                                [e-mail] 
  Eddie Livingstone-Learmonth 
  Phoebe Pugh 
 

About ThomasLloyd Energy Impact Trust plc

ThomasLloyd Energy Impact Trust plc listed on the premium segment of the London Stock Exchange in December 2021 and was awarded the London Stock Exchange's Green Economy Mark upon admission.

In 2021, ThomasLloyd Group Ltd ("ThomasLloyd" or the "ThomasLloyd Group") participated in the Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) competition, which engaged financial institutions in a search for the best sustainable infrastructure proposals that can list either on the London Stock Exchange or local exchanges. The ThomasLloyd Group was the first fund manager to complete this process successfully and received US$32.3 million in investment from the UK government into the Company.

The Company has a 'Triple Return' investment objective which consists of:

 
      --   providing shareholders with attractive dividend growth and prospects 
            for long-term capital appreciation (the financial return); 
      --   protecting natural resources and the environment (the environmental 
            return); and 
      --   delivering economic and social progress, helping build resilient 
            communities and supporting purposeful activity (the social return). 
 

The Company seeks to achieve its investment objective by investing directly in a diversified portfolio of sustainable energy infrastructure assets in the fast-growing and emerging economies in Asia. The Company invests in unlisted sustainable energy infrastructure assets in the areas of renewable energy generation, transmission infrastructure, energy storage and sustainable fuel production, including utilising different technologies to reduce revenue variability.

The Company aims to generate additional value for its investors through focusing its investments on construction-ready or in-construction projects. The Company only invests in such pre-operational assets where: (i) an offtake agreement has been entered into; (ii) the land on which the project is situated is identified or contractually secured where appropriate; and (iii) all relevant permits have been granted. Offtake agreements will typically benefit from long-term fixed-price power purchase agreements, capacity contracts or other similar revenue contracts with creditworthy (primarily investment grade) private and public sector buyers.

TLEI classifies under Article 9 of the EU Sustainable Finance Disclosure Regulation (SFDR) as a financial product that has sustainable investment as its objective. As a fund that invests in renewable energy infrastructure, TLEI substantially contributes to climate mitigation under the EU Green Taxonomy.

   Further information on the Company can be found on its website at   http://www.tlenergyimpact.com . 

About the Investment Manager

The Company's investment manager is ThomasLloyd Global Asset Management (Americas) LLC, a wholly-owned subsidiary of ThomasLloyd Group. Founded in 2003, ThomasLloyd is a leading impact investor and provider of climate financing. ThomasLloyd is a pure play impact investor and aims to apply a robust, socially and environmentally responsible investment approach that is geared towards reducing carbon emissions and improving economic prospects, while reducing investment risk through diversification across countries, sectors and technologies.

Over the last decade, ThomasLloyd has deployed over US$1 billion across 16 projects in renewable energy generation, transmission and sustainable fuel production with a total capacity in excess of 700 MW.

Since 2013, ThomasLloyd has been measuring and reporting on the impact of its investments, creating an empirical database showing the positive impact of its investments in sustainable energy infrastructure in high growth and emerging markets in Asia.

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December 09, 2022 02:00 ET (07:00 GMT)