People Moves Announcement: Franklin Templeton Hires European Infrastructure Debt Team

Franklin Templeton is pleased to announce that it has made three senior appointments for its European Infrastructure Debt team. London-based Will Devenney has been appointed as Managing Director and Head of Infrastructure Debt. He is joined by Richard Hulme, Managing Director, and Dapo Ogunbiyi, Executive Director, also based in London.

Devenney joins the firm from Power Sustainable. He brings over 20 years’ experience in the infrastructure sector in Europe and North America, working across investment management, underwriting, structuring and transaction advisory. Prior to this, Devenney led the European Infrastructure Debt team at LGIM and has held senior roles in infrastructure investment banking at RBC and HSBC.

Hulme joins the firm from Power Sustainable, where he was a founding member of the infrastructure debt platform. He brings 15 years’ experience in European infrastructure and debt financings. Prior to this, he was a founding member of the infrastructure debt platform at UBS Asset Management.

Ogunbiyi was a founding member of the infrastructure debt team at Power Sustainable alongside Devenney and Hulme. He brings 10 years’ experience in infrastructure and debt financings. Previously, he was part of the infrastructure debt team and the fund manager of the infrastructure equity strategy at LGIM, having started his career with Lloyds Bank’s capital markets division.

Will Devenney commented: “We see significant opportunity across the infrastructure debt investment universe due to its ability to offer predictable cash flows and attractive risk-returns. Moreover, investors stand to benefit from the asset class’s resilient nature coupled with a significant forecasted infrastructure funding gap across Europe of over €1.4 trillion by 2040¹.”

With over $250² billion in alternative assets, Franklin Templeton’s growing and dedicated alternatives platform extends beyond traditional investment offerings. The firm’s specialist investment managers, each with deep domain expertise, provide a diverse range of alternative asset capabilities including private credit (Benefit Street Partners and Alcentra), real estate (Clarion Partners), private equity secondaries and co-investment funds (Lexington Partners), as well as hedged strategies, venture capital and digital assets.

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1. Source: Global Infrastructure Hub
2. Source: Franklin Templeton. Data as of 30 September 2024.