Greencoat UK Wind co-manager Fumagalli to step down
Matt Ridley, partner at Schroders Greencoat, will succeed Fumagalli to co-head the investment management team and manage UKW alongside existing co-manager Stephen Lilley | Credit: iStock
In a stock exchange notice today (7 December), the board said Matt Ridley, partner at Schroders Greencoat, will succeed Fumagalli to co-head the investment management team and manage UKW alongside existing co-manager Stephen Lilley.
Ridley currently serves as head of private markets at Schroders Greencoat, where he has delivered private markets capital for co-investment alongside the trust and has contributed to strategy, valuation, investment and other board matters during his time at the firm.
Greencoat UK Wind boosts annual dividend and launches £100m buyback scheme
He has 16 years' renewable energy investment management experience, spanning the development, construction and operational phases. Prior to his role at Schroders Greencoat in 2021, he was head of equity infrastructure at Temporis Capital.
«On behalf of the board, I want to thank Laurence for his contribution to Greencoat UK Wind. Laurence, alongside Stephen, launched UKW in 2013 as the first listed renewable infrastructure fund,» said Lucinda Riches, chair of UKW.
«Since listing, Greencoat UK Wind has established a strong track record of delivering significant shareholder value, with a total shareholder return of over 150%, whilst enabling the continued build out of renewable energy across the UK.
Vietnam Opportunity fund survives attempt to discontinue trust
Riches said that the board has „worked closely“ with Ridley over the last two years and is „delighted“ that he is joining as co-head of investment management alongside Lilley.
»Matt brings a broad range of
Read more on investmentweek.co.uk
