10 July 2014 Insurance

Moody's expands EMEA team

Rating agency Moody's has expanded its Infrastructure Finance team due to significant growth in its London-based Infrastructure team.

Douglas Segars, who brings more than 20 years of Infrastructure experience to the position, will assume the position of associate managing director.

Segars has a wealth of experience, previously serving as head of Infrastructure Finance at the UK Treasury where he led a number of government initiatives to promote investment in UK infrastructure. He has also held positions with Financial Security Assurance in New York, London and Paris, as well as Chase Manhattan Bank and Prudential Securities in New York.

He will assume responsibility for a team of analysts covering project finance in EMEA, where increased ratings activity reflects developments including the European Investment Bank Project Bond Credit Enhancement scheme and strong investor interest in the asset class. He will report to Monica Merli, managing director of the Infrastructure Finance Group in EMEA.

"Moody's is a proactive opinion maker in the infrastructure sector, and the appointment of people such as Douglas speaks to the depth of our talent pool and global leadership", said Merli.

Neil Griffiths-Lambeth, who has led the project finance team since mid-2012, will assume responsibility for a team covering regulated and unregulated utilities. Also reporting to Monica Merli, Andrew Blease continues to lead a team covering largely infrastructure issuers, while Andrew Davison retains responsibility for the rating agency's strategic initiatives in the infrastructure sector including the highly regarded default and recovery studies.

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