Changes at Investment Adviser

RNS Number : 9099Z

3i Infrastructure PLC

12 February 2014

 



12 February 2014

Changes at the Investment Adviser

3i Infrastructure plc ("3i Infrastructure" or "the Company") notes the announcement by its Investment Adviser, 3i Investments plc, a wholly-owned subsidiary of 3i Group plc ("3i Group" or "3i"), of changes it has made to the leadership of its Infrastructure business.

3i Group has announced this morning that Cressida Hogg, Managing Partner, will be leaving 3i at the end of March to pursue a senior role outside of the Group. Phil White and Ben Loomes will be appointed Co-Managing Partners of the Infrastructure business and Neil King will become Senior Partner.  Phil White and Neil King will also join 3i's Executive Committee.

3i Infrastructure's Board is fully supportive of these new arrangements. The new leadership team, which includes long-standing members of the team, will provide continuity in strategy and execution for the Company.

Peter Sedgwick, Chairman, 3i Infrastructure plc, said: "The Board has worked closely with Phil White and Neil King since 2007, and has built a strong relationship with them. They have been key to the Company's strong performance since its IPO in 2007. Ben Loomes has been a member of the 3i Infrastructure Board for the past seven months and in this period has already made a valuable contribution. We are confident that they will provide new impetus and insight in their new roles. We would also like to thank Cressida Hogg for her significant contribution to the Company."

Ends

For information please contact:

Peter Sedgwick	Chairman, 3i Infrastructure plc	[phone]
Silvia Santoro	Investor and media enquiries	[phone]

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company that invests in infrastructure businesses and assets and is regulated by the Jersey Financial Services Commission. The Company is building a diversified portfolio of infrastructure investments, with a focus on Europe. As of 30 September 2013, 3i Infrastructure had a portfolio of 15 investments valued at £964 million, and net assets of £1,078 million. The Company listed on the London Stock Exchange in March 2007, raising £703 million in an initial public offering and a further £115 million in a subsequent placing and open offer in July 2008, and is a constituent of the FTSE 250 index.

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Adviser to 3i Infrastructure plc.

 

END

 

 

MSCBDGDDBGBBGSD