Iain Macleod, a Deutsche Bank AG mergers banker whose clients included port operator DP World Ltd., joined iCon Infrastructure to advise the firm on investments in energy, utilities and transport projects.
Macleod, 41, will join iCon as a partner in London next month after 11 years at Deutsche Bank, the fund said in an e-mailed statement today. The firm, which invests in infrastructure in Europe and North America, spun off from the Frankfurt-based lender in 2011.
“There is considerable investor interest in infrastructure and that’s growing,” Paul Malan, senior partner at iCon, said in an interview. Infrastructure funds such as iCon are seeking acquisitions as banks are pressed by regulators to offload assets, Malan said.
Infrastructure funds seek to generate predictable returns even when economic growth slows. The Organization for Economic Co-operation and Development estimates governments will need to spend $40 trillion on infrastructure between 2011 and 2030.
Macleod was a senior managing director in Deutsche Bank’s U.K. corporate finance team until last month. He worked on deals including the initial public offering of port operator DP World in 2007 and its purchase of Peninsular & Oriental Steam Navigation Co., Britain’s largest port operator, in 2006.
A spokeswoman for Deutsche Bank in London confirmed Macleod’s departure and declined to comment further.