Imagile Professional Services Limited (IPSL) has promoted Tom Dewar to the position of Sector Head: Handback
A leading UK asset management consultancy has announced a senior hire to lead a new division working exclusively with public-private partnership (PPP) stakeholders and managing assets reaching the handback stage of their lifecycle.
Imagile Professional Services Limited (IPSL) – an independent consultancy with offices in London, Glasgow, Warrington and Bristol – has promoted Tom Dewar to head up its new Handback division and help manage the effective transition of infrastructure assets back to a range of procuring authorities.
The new role is believed to be one of the first of its type in the UK and will see Tom, who joined the firm at its inception in 2017 as a Senior Lifecyle Manager and has in excess of 15 years’ experience, working with a diverse portfolio of PPP projects belonging to the investment group Semperian PPP Investment Partners Limited (managed by Semperian Capital Management).
Tom said “It’s a huge honour to have been appointed to lead a new division within the IPSL business and I’m excited to be taking on this new role.
“The PPP market in the UK is set to undergo a significant period of change over the next 30 years with a vast number of long-term contracts and projects coming to an end. As part of that, we have an important role to play in ensuring that assets are handed back in the right way and that will be a key focus of IPSL’s new Handback division.
“I’m confident that through my experience and knowledge of the industry, I’ll be able to lead IPSL through this process and I’m looking forward to getting started.”
Tom will be working closely with the team at Semperian Capital Management to facilitate the pragmatic transition of assets and operations back to clients on projects that have reached the end of their contractual periods.
Tom continued: “Having previously worked at Semperian for over four years, I have personal experience of the firm and I’ve built strong relationships with the team which will allow me to provide fantastic service and support in this role.
Gary Brown, Managing Director at IPSL added: “Tom has been an invaluable member of the team since IPSL’s inception in 2017 and, in my mind, there is no-one better qualified to take on this new role for us.
“We pride ourselves on providing our clients with fantastic service and that’s why we’ve moved now to appoint Tom well before the first PPP contract under our management is due to conclude.
“This is a completely new department within IPSL and within our industry too, so we’ll be working closely with Tom to shape a series of processes and strategies that will ensure all assets are handed back to our procuring authority partners as seamlessly as possible.
“With Tom’s support, we’ll be able to offer a range of tailored services associated with project handback and, in turn, expand our service offering across our full client base.”
Semperian Investment Partners Limited invest in UK Social Infrastructure, providing essential public services to local communities. Semperian is an equity investor in more than 90 mature PPP project companies. The natural evolution of these projects is that many of them will reach the handback stage of their concession over the coming years.
Richard Little, Deputy Managing Director at Semperian Capital Management said: “As the Semperian portfolio continues to mature and individual projects near the end of their contractual concessions, a thorough understanding of the project-specific handback obligations is crucial in terms of fully delivering on all stakeholder expectations.
“This new department within Imagile will be crucial in understanding this final phase in the project timelines. The experience and skills that Tom has built up during his time within IPSL’s Lifecycle Planning department will stand him in great stead for this role and we wish him every success.”
