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IPFA Board of Directors

The IPFA is governed by a Council of Management based in London which is led by Geoff Haley (Global Executive Chairman) and consists of non-executive directors who are elected or co-opted from members of the association. The Council of Management is supported by over 30 voluntary council members who kindly give their precious time and support to ensuring that the IPFA provides the best possible service to members across the globe. Please see a list of the Directors below.

Geoff Haley IPFA
IPFA Global Executive Chairman

Geoff is the founder and chairman of IPFA, the largest independent not for profit project finance trade association in the world.

He is a Solicitor with an LL.B from University of London, an MBA from Henley Business School and a Diploma in Marketing from the Charted Institute of Marketing.

 Originally a construction lawyer, he has specialised in project finance and Public Private Partnerships since 1985. He has specialist experience in large and complex projects in transportation, energy, water treatment, healthcare and education. Projects include Channel Tunnel, Channel Tunnel Rail Link, DBFO Roads, PFI government hospitals and accommodation; overseas projects in Dubai, Jordan, West Africa, Ukraine, Georgia, China and US.

 He is a trustee of First Initiative Resource Strategy and Technology - an Oxford based charity. He is non-executive director of Quantum and visiting Professor to Metropolitan University. He lectures extensively on project finance and designs and delivers a range of training courses for governments, public sector bodies and private companies.

Jeffery Barratt Norton Rose LLP

Jeffery is recognised as one of the leading practitioners in the fields of Project Finance and Banking.  He has worked on numerous Infrastructure and Energy Projects both in theUK and internationally.  He has also held a number of management positions within Norton Rose. 

He is the firm’s representative with and sits on the London Council of theCBIand is also heavily involved in promoting the City’s interests.  He sits on the GCC and thePFI/PPP working groups of the TheCity UK, chairs the Middle East committee of the IPFA and is on the editorial board of Butterworth’s Journal of International Banking and Financial Law. 

He has had a heavy involvement in energy projects in the Middle East for many years and has been involved in most of the I(W)PPs in the region since he led the team advising lenders on the US$1 Billion financing for the Taweelah A1 IWPP in Abu Dhabi.

Adrian Baxter Halcrow (CH2MHill)
Head of Infrastructure Finance and Procurement

Adrian is Head of Infrastructure Finance and Procurement within CH2M Hill, and was Director for PPP within Halcrow until the CH2M Hill takeover in 2011. Adrian has a wealth of PPP knowledge stretching over 24 years and has tended to work as a senior government advisor in several continents. His most recent project role was as Contract Director on the M25 DBFO project reporting to the Highways Agency. He has a special interest at present as head of policy for PPP Transportation in Europe. Adrian also provides strategic procurement advice, particularly within CH2M Hill’s major programme management projects.

Ana Corvalan Euro Latam Financial Consultants Ltd.

Ana is a Senior Project Finance Specialist with focus on Europe and Latin America, although an economist by background. She has been in banking for 26 years, with 11 years of experience in Latin America and 15 years in Europe. Her banking career has been focused on Project and Structured Financing of Oil & Gas, Power and Infrastructure projects across a number of regions.

She was until recently Director - Project Finance at Espirito Santo Investment Bank (London), with focus in EMEA and Australia and led the bank’s IMLA role in a number of transactions across the energy and the infrastructure sectors.

Prior to Espirito Santo, Ana was MD - Project Finance at BBVA (London), where she set up and run the London Project Finance team with responsibility for most of Europe and led the origination of a book of €1.5Bn in assets at IMLA level.

Prior to BBVA, Ana was Director Project Finance at Banca Intesa (London), where she had exclusive responsibility for the Energy and Infrastructure sectors in Central Eastern Europe and shared responsibility for EMEA and the Americas.

Before Intesa, she was Vice President - Metals & Mining Unit at Credit Lyonnais (London), where she focused on Project Finance and Structured Trade transactions, covering the Americas and Central Asian Markets.

Her career started at Chase Manhattan Bank (Chile) where she spent 10 years covering a number of positions including Head of Risk Management and Senior Relationship Manager for the Metals & Mining sector. She then joined ABN AMRO as VP - Corporate Banking and was transferred to Amsterdam to take part in an international team to develop and set up a new Business Division for the bank, Global Transaction Services, or GTS.

David Cross Northcroft

David qualified as a Chartered Quantity Surveyor and has some 40 years’ experience of major infrastructure projects including project definition, economic evaluation plus commercial and financial management of EPC, BOT and PFI schemes in the Transport, Oil & Gas and Power sectors.  He has worked on US$ Multi-million CAPEX and OPEX infrastructure projects in the Middle East, Far East, Africa, South America and Europe. 

As a Director of Northcroft Infrastructure, David has responsibility for consulting services Northcroft provide to infrastructure clients worldwide, with a particular focus on transportation schemes.  Northcroft Infrastructure advises major clients in the private and public sectors on PFI, Economic Evaluation, Commercial Management, Programme Development and Claims Management.  David has extensive experience of acting as Technical Advisor to funding banks and institutions as well as Central Governments and the United Nations.

Chris Holmes UK Green Investment Bank plc
Managing Director

Chris heads up the Waste & Bioenergy team at the UK Green Investment Bank plc, a UK Government sponsored institution created in October 2012, and with capital allocation of £3.8 billion. The bank’s mission is to accelerate the transition of the UK to a ‘greener’ economy with initial investment focus being in Offshore Wind, Waste and Energy Efficiency.

Prior to this position Chris was Head of Capital Markets in the Infrastructure and Renewables team at NIBC Bank, also with responsibility for UK debt origination and advisory within these sectors. Chris was with NIBC for over 12 years working on, amongst others, a number of waste and bioenergy transactions.  His last role centred on bringing capital market solutions to the NIBC European I&R franchise to facilitate long term lending products and co-investments in the wide origination activities of the Bank.  He was involved in the successful structuring and placing an innovative credit enhanced debt product to institutional investors on a European PPP transaction and closing a £620m Infrastructure CLO with an institutional investor.

Prior to NIBC he was with Grant Thornton in their Project Finance team and before that, ABROS (now part of Navigant Consulting). At these two firms he specialised in financial advisory mainly to public sector authorities on a wide range of infrastructure PFI/PPP projects.

Leo McKenna Strategic Investment Board
Strategic Advisor

 Leo is a senior strategic advisor on international infrastructure development, project finance, procurement, PPP and commercial activity. Leo holds senior positions within both the public and private sectors and he has extensive international experience. His sectoral experience covers; healthcare, education, energy, transportation, student accommodation, urban regeneration and leisure.

Leo is currently Chairman of, and the UK Government’s representative on, the United Nations’ executive board of PPP specialists (UNECE TOS). He is also his government’s representative to the European Investment Bank’s European PPP Expertise Centre (EPEC), as well as being a member of the International Project Finance Association’s UK Council (IPFA).

Leo sits on a number of other boards, including one of the UK’s largest PPP hospitals as well as its largest university student accommodation PPP. He is a senior advisor to government ministers, including membership of the ministerial Health Infrastructure Board, and he is employed as Head of Project Finance at the Strategic Investment Board.

Leo’s university career was based in Ireland, England and Spain, where he read engineering and physics. He is married with three daughters.

Darryl Murphy KPMG
Partner, Global Infrastructure

Darryl is a Partner at KPMG in Global Infrastructure.

Darryl has 17 years of experience in infrastructure financing having worked at Hambros, SG, CIT, RBC and HSBC. Most recently Darryl was European Head of Project Finance for HSBC inLondonwith responsibility for a team working in EMEA on advisory and arranging mandates.

During his career, he has provided advice and financing to public and private sector clients on the delivery of infrastructure projects worldwide. He has specific experience in Public Private Partnerships.

Julia Prescot Meridiam Infrastructure
Partner & Chief Strategy Officer

Julia has an extensive background in project funding, having acted as an investor, adviser both to Governments and to the private sector and provider of debt and junior funding in respect of a large number of PPP projects around the globe. Julia’s past roles have included Head of Project Finance at Hill Samuel in London, Co-Head of Project Advisory at Charterhouse Bank to Senior Director and Head of Eurozone Infrastructure Finance at Bank of Scotland. In 2005 she moved to work on the development and realisation of Meridiam from its foundation. She is a Partner and a Member of the Board of Meridiam Infrastructure Managers (“Meridiam”). She now has the role of Chief Strategy Officer at the fund.

Meridiam is a PPP fund manager, making equity investments in transport, environment and social infrastructure projects in Europe and North America. Meridiam was established in 2005 with support from AECOM and Credit Agricole, recently became independent entity. The team comprises an integrated team of 51 professionals spread across offices in Paris, New York and Toronto. Meridiam has some $3.5bn equivalent under management recently closing its second European fund. The fund maturity of 25 years is aligned to infrastructure investors’ requirements and the fund invests from the earliest development stage of a project, including taking construction risk. Meridiam’s portfolio comprises 20 major investments in 9 countries and Meridiam has won numerous awards, most recently “Infrastructure Fund of the Year” for 2011.

Julia has been involved in originating, managing and investing in major projects as well as fund raising. The focus of her role now is to develop the long and short term strategies for the fund in both Europe and North America and beyond as well as sitting as a board member.

Mark Richards Berwin Leighton Paisner
Partner, Finance Department

Mark, a partner with in the leading international law firm Berwin Leighton Paisner LLP ( within their Projects & Infrastructure Finance Team.

Mark has over 15 years of experience in providing multidisciplinary advice to public and private sector clients on a wide range of high value, innovative and complex infrastructure projects structured using PPP techniques.   

Mark has been involved in some of the most high profile PPP and infrastructure deals both in the UK and overseas, including advising on equity (including secondary market trades), debt structures, infrastructure fund trades, leasing/structured finance and concession based structures.

Mark is recognised as a leading PFI/PPP adviser and is rated as a PFI/PPP expert in the latest edition of Chambers Guide to the Legal Profession. 

He regularly writes, chairs and addresses audiences on Global PPP structures.

Mark is qualified as a Solicitor in England & Wales and also a New York State Attorney.

Deborah Zurkow AllianzGI
Head of Infrastructure Debt

Deborah Zurkow is Head of Infrastructure Debt at Allianz Global Investors where she and her team are developing a dedicated platform to identify and manage infrastructure investment grade debt for Allianz and third party clients including infrastructure credit analytics and monitoring.

Before joining AllianzGI, she was CEO of Trifinium Advisors Limited and head of Public Finance for EMEA for MBIA UK Insurance Limited. Deborah was responsible for general oversight for new business efforts in infrastructure including government supported entities, transportation, utilities and Public Private Partnerships/Private Finance Initiative financings. Deborah also previously served as a Director of MBIA UK Insurance Limited.

Previously, she managed MBIA’s Paris office where she was responsible for both structured and public sector business and worked on a variety of transactions including French securitizations and European local government financings.  Before that, Deborah worked in Public Finance Division at J.P. Morgan Securities.

Kamran M Khan Millennium Challenge Corporation.
Vice President of the Department of Compact Operations

Kamran Khan is Vice President of the Department of Compact Operations at the Millennium Challenge Corporation. Mr. Khan is responsible for overseeing MCC’s $9 billion compact grant program portfolio, and manages the agency’s engagement with partner country governments and civil societies to reduce poverty and generate sustainable economic growth. Mr. Khan is responsible for ensuring rigorous stewardship of U.S. Government resources, establishing partnerships with the private sector and development partners, and promoting MCC’s principles of country ownership, accountability and achieving results.

Prior to joining MCC, Mr. Khan served as Program Director of the World Bank Global Infrastructure Finance Center of Excellence in Singapore. He established the World Bank Group (WBG) office in Singapore in 2009, and worked with Government of Singapore to create a WBG hub focused on infrastructure finance. He also led the WB’s Infrastructure Finance Practice in East Asia, and was a member of WB’s Global Expert Team on Public Private Partnerships (PPPs). He has led numerous PPP projects in developing countries to financial close. Mr. Khan was a member of the Board (Asia) of International Project Finance Association, and served as a Technical Advisor on Infrastructure Finance to APEC Business Advisory Council. He has also served as a member of the Task Force on Investment and Infrastructure for the B-20, and was Advisor to ASEAN.
Mr. Khan’s experience includes investment banking and advisory services with Goldman Sachs, JP Morgan Chase, and LEK Consulting. He also served as a U.S. Foreign Service Officer with the U.S. Agency for International Development (USAID), where he was instrumental in the launch of USAID’s global project finance and guarantee facility.

Mr. Khan holds an MBA from the University of Chicago, and a Master of Science in International Development and Master of Government Administration from the University of Pennsylvania.

For further information on IPFA Branches around the world, and how you and your team can get involved in our Association's activities, please contact IPFA.