Board of Directors

Richard Laing

Non-executive Chair

Richard brings long-standing experience of investing in international infrastructure along with a deep knowledge of investment companies and financial matters.

Richard was Chief Executive of CDC Group plc from 2004 to 2011, having joined the organisation in 2000 as Finance Director. Prior to CDC, he spent 15 years at De La Rue, latterly as the Group Finance Director. He also worked in agribusiness, at PricewaterhouseCoopers and at Marks & Spencer. 

He is currently non-executive director at Tritax Big Box REIT plc. He previously held non-executive roles at JPMorgan Emerging Markets Investment Trust plc and Leeds Castle Foundation. 

He is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA).

Chair and Board member since 1 January 2016. Resident in the UK.

Doug Bannister

Non-executive Director

Doug has over 26 years of experience in the transportation sector, having led businesses trading around the world for P&O Nedlloyd and Maersk Line.

He is the Chief Executive of Dover Harbour Board and Deputy Chair of British Ports Association. He was the Group CEO of the Ports of Jersey (Airport & Harbours) from 2011 to 2018. Doug provides experience in turnaround, restructuring and transformation of capital intense businesses to the Board, as well as specific knowledge in the transportation and distribution sectors.

In 2016, Doug was awarded the Institute of Directors Jersey Director of the Year for large businesses.

Board member since 1 January 2015. Resident in the UK.

Jennifer Dunstan

Non-executive Director

Jennifer joined 3i in 2005 as an investor (then Partner) in the UK Buyouts team and Head of Consumer in the UK. In 2009 she moved to head up the Fund Investor Relations team. Since joining 3i she co-led 3i’s investment in Mayborn and co-led the take privates of Telecity Group and Redbus to create TelecityRedbus. In November 2007 she was responsible for 3i’s investment in Agent Provocateur.

Before joining 3i, Jennifer spent nine years at Terra Firma Capital Partners and Nomura’s Principal Finance Group (PFG), where she was Managing Director. In addition to numerous portfolio responsibilities, major deals that she led there include the privatisation of Angel Train Contracts and the acquisition of Inn Partnership.

Jennifer started her career as a solicitor for Allen, Allen & Hemsley in Sydney and London. She is Co-Founder, non-executive Director and past Chair of Level 20, an initiative to support women in private equity, and also a current Trustee of The Fred Hollows Foundation (UK).

Board member since 20 July 2023. Resident in the UK.

Milton Fernandes

Non-executive Director

Milton has over 20 years’ experience in infrastructure investment. Until 2022 he was the Chief Financial Officer and Managing Director of Infracapital. Prior to Infracapital, Milton was Chief Financial Officer of Innisfree Limited, a specialist infrastructure PFI/PPP investor. He also held board positions on a number of portfolio companies while at Infracapital and Innisfree. After qualifying as a chartered accountant in 1986, Milton joined EY where he worked for over six years up to senior manager level in the Audit and Assurance group.

Milton is a fellow of the Institute of Chartered Accountants in England & Wales.

Board member since 15 July 2024. Resident in the UK.

Stephanie Hazell

Non-executive Director, Senior Independent Director

Stephanie has over 20 years’ experience spanning the energy, infrastructure and telecoms sectors. She was previously Group Director of Strategy and Corporate Development at National Grid having begun her career as a management consultant with PwC before taking on senior roles with Orange and Virgin Group respectively.

Stephanie currently holds non-executive Director roles at Renew Holdings plc and Piclo. She is also an Advisory Board Member for Shell New Energy.

Stephanie was previously non-executive Director at Atlasconnect, Neos Networks, North Sea Midstream Partners and NNXYZ Limited.

Board member since 29 September 2022. Resident in the UK.

Martin Magee

Non-executive Director

Martin has served as the Finance Director and Executive Director of Jersey Electricity plc since 2002. Before Jersey Electricity, Martin spent nine years at Scottish Power plc in a variety of senior finance roles. He previously worked with Stakis plc (now part of the Hilton Hotels Group) for nine years.

Martin is a non-executive Director and Audit Chair of Jersey Post International Ltd and until May 2021 was non-executive Chair of Aberdeen Standard Capital Offshore Strategy Fund Limited. He is a current member of the Institute of Chartered Accountants of Scotland having qualified in 1984.

Board member since 20 July 2023. Resident in Jersey.