Richard Turner appointed as a board director of Amberside Advisors Ltd

Amberside Advisors Ltd is pleased to announce the appointment of Richard Turner as a board director.

Richard has 25 years of experience advising on, lending to and investing in infrastructure projects. His appointment to the board follows a successful period in the role of Head of Infrastructure where he led the practice’s structuring and finance-raising advisory mandates, including:

  • leading a number of refinancing transactions across the renewables and infrastructure sectors
  • securing £100m, out of an available total of £500m, of low-cost infrastructure loans from HM Treasury for a replacement energy recovery facility in London
  • supporting Central Government through two rounds of applications for investment in Heat Networks
  • advising OfGEM on implementing the “competition proxy” model as the reward mechanism to National Grid for developing new separable high value transmission assets to Hinkley Point C new nuclear facility.

Since Richard joined in January 2018, Amberside has grown to 40 professional staff and completed nearly 300 mandates across a variety of industry sectors, including renewables, transport and healthcare, with a total value of £4.5bn.

Paul Austin commented: “I am delighted to confirm the appointment earlier this month of Richard Turner as director of Amberside Advisors. On joining the firm, Richard’s knowledge and expertise enhanced our growing advisory practice; looking to the future, his strategic leadership skills at Board level will help Amberside achieve its goal of becoming the ‘go to’ advisory firm.”

Richard was previously a project finance banker firstly at Dresdner Kleinwort Benson and then NM Rothschild, where he advised on and arranged debt for a number of significant infrastructure projects.

More recently, Richard led project and export finance for a major infrastructure contractor, where he successfully bid and financially closed 35 projects both domestically and internationally, raising £6bn of debt and investing £250m of equity. In that role, Richard led a number of significant project financings across a wide range of sectors, and also managed a key relationship with UK Export Finance (the UK export credit agency) where he supported the company in raising approx. US$1bn of export finance for construction projects.