GCP Infrastructure Investments Ltd (GCP) has appointed Ian Brown as a Non-Executive Director of the Company. Ian has also been appointed as a member of the Investment Committee, Management Engagement Committee and the Sustainability Committee. His appointment was agreed by shareholders at the Company’s annual general meeting, which was held yesterday.

Ian has over 35 years’ experience in banking and investments. He is currently Head of Banking and Investments at the National Wealth Fund, responsible for the origination and execution of its lending and investing activities.

Prior to this role, he was Head of Private Markets at LGPS Central, where he was responsible for the establishment and investment of a number of infrastructure, private equity and private credit funds of funds. Ian also held senior leadership roles at Lloyds Banking Group and was a member of Lloyds’ credit committee for 14 years. Ian joined Lloyds from UBS, where he was a Managing Director in the leveraged and acquisition finance business.

Commenting on the appointment, Andrew Didham, Chairman of GCP, said: “Ian will bring core strengths and a wealth of relevant experience which will ensure that the evolving Board maintains the required complementary range of skills, as we continue the implementation of our capital allocation programme and strategy.”

Further changes to the Board

Other Board changes were also announced at the AGM. With effect from 13 February 2025, Alex Yew, Non-Executive Director, became Chair of the Investment Committee.

And, as communicated in the Company’s Annual Report and Accounts, Michael Gray has retired from the Board.

Andrew Didham added, "I would like to thank Michael for his invaluable support, dedicated service and contribution to the Company over the past 10 years. The Board would like to wish Michael continued success in the future.”

You can view the full RNS outlining the Board and Committee changes here.

More information on the Company, including its latest annual report and accounts, can be found here.

Important information 

This press release is issued by Gravis Capital Management Limited (“GCM”), which is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 770680. GCM’s registered office address is 24 Savile Row, London, United Kingdom, W1S 2ES.

GCP Infrastructure Investments Ltd (“GCP Infra”) is a Jersey-incorporated, closed-end investment company. Its shares are traded on the main market of the London Stock Exchange. It is regulated as a certified fund in Jersey, pursuant to the Collective Investment Funds (Jersey) Law 1988. GCM is the Fund’s Alternative Investment Fund Manager.

Any decision to invest in GCP Infra must be based solely on the information contained in the Prospectus, the latest Key Investor Information Document and the latest annual or interim report and financial statements.

GCM does not offer investment advice and this press release should not be considered a recommendation, invitation or inducement to invest in GCP Infra. Prospective investors are recommended to seek professional advice before making a decision to invest. The merits and suitability of any investment action in relation to securities should be considered carefully and involve, among other things, an assessment of the legal, tax, accounting, regulatory, financial, credit and other related aspects of such securities. 

Your capital is at risk and you may not get back the full amount invested. Past performance is not a reliable indicator of future results. Prospective investors should consider the risks connected to an investment in GCP Infra, which include (but are not limited to), hedging risk, concentration risk, counterparty risk, inflation and interest rate risks and risks relating to property development and social infrastructure assets. Please see the detailed Risk Factors section in the Prospectus for further information.

This press release has been prepared by GCM using all reasonable skill, care and diligence. It contains information and analysis that is believed to be accurate at the time of publication but is subject to change without notice. It is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Any recipients outside the UK should inform themselves of and observe any applicable legal or regulatory requirements in their jurisdiction.