Infrastructure veteran Frederic Michel-Verdier has left IFM Investors after more than a decade at the global fund manager.
IFM wrote in an emailed statement to Inframation that Michel-Verdier left at the end last week to “pursue personal business interests”.
Michel-Verdier, who was not available for a comment, is expected by sources to continue to work in the infrastructure industry. His new role is expected to be announced later this year.
An IFM spokesperson said the manager is “in the process of replacing Michel-Verdier with an equivalent investment executive”.
Michel-Verdier has been “instrumental in developing the London office through strategic relationships and partnerships”, the spokesperson added.
Michel-Verdier has been an executive director since April 2008 in IFM’s London-based infrastructure equity team.
He was IFM’s lead partner on its acquisition in May of a 30% stake in the Deep Container Terminal Gdansk in Poland from Macquarie, alongside PSA International and the Polish Development Fund.
In 2018 he advised on IFM’s acquisition of a 40% stake in Mersin International Port, later joining the Turkish company’s board. He also served as a board observer at FCC Aqualia, the Spanish water management company in which IFM acquired a 49% from FCC last year.
He was vice chairman since 2010 of the supervisory board of Polish heating networks operator Veolia Energia Polska, in which IFM owns a 40% stake.