In his new role, based in IFM’s New York office, Mr Randall will lead the expansion of IFM’s infrastructure debt capability into North America. He will be responsible for building and leading a specialist infrastructure debt team as part of IFM’s global capability, alongside IFM’s existing infrastructure debt teams in Melbourne and London.
IFM global head of investment Robin Miller said Mr Randall’s appointment reflected IFM’s successful 14-year record in infrastructure debt.
“Our long and successful track record in infrastructure debt for institutional investors, together with our unique business model, gives us a strong foundation to attract high calibre investment specialists, such as Rich Randall, to continue to build the business,” said Mr Miller.
Mr Miller also said that infrastructure debt was continuing to attract investor interest.
"Historically low returns and higher volatility from traditional defensive assets such as sovereign bonds mean that many investors are seeking higher yielding defensive investments, such as infrastructure debt,” he said.
The IFM debt team has expanded over the past five years, according to Mr Miller.
“We adhere to a prudent, risk conscious investment approach,” he said.
Mr Randall joins IFM from the Royal Bank of Scotland in Stamford and New York. In his previous role as managing director and head of Project Finance Group he was responsible for transforming the Project Finance Group into a leader in US midstream oil, gas and unregulated power industries.
