ThomasLloyd Energy ThomasLloyd - TLEI ThomasLloyd EngyTLEP - Investment Manager - Senior Appointments

Asian Energy Impact Trust

09/12/2022 07:00

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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 & Services)        Tel: +41 44 213 67 67

 Nandita Saghal-Tully (Infrastructure Investment Team)

 Shore Capital (Joint Corporate Broker)                    Tel: +44 (0)20 7408 4050

 Robert Finlay / Rose Ramsden (Corporate)

 Adam Gill / Matthew Kinkead / William Sanderson (Sales)

 Fiona Conroy (Corporate Broking)
 Peel Hunt LLP (Joint Corporate Broker)                    Tel: +44 (0)20 7418 8900

 Luke Simpson / Huw Jeremy (Investment Banking Division)

 Camarco                                                   Tel: +44 (0)20 3757 4982

 Louise Dolan                                              thomaslloyd@camarco.co.uk (mailto:thomaslloyd@camarco.co.uk)

 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) (https://www.ukmobilist.com/)  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 (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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