John Laing Environmental Assets (JLEN) has been forced into a reshuffle of its investment advisory team following the departure of a director of its infrastructure fund.
This morning John Laing Infrastructure Fund notified the market that Andrew Charlesworth was to leave the firm and that David Hardy, JLEN’s joint-lead advisor, would be making the sideways switch to fill Charlesworth’s void.
Chris Tanner, who has acted as joint-lead advisor to JLEN since its launch, will continue to act as the lead advisor.
A replacement for Hardy is being sought, and he will remain involved with JLEN until that replacement is up and running.
Richard Morse, chairman at JLEN, thanked Hardy for his “significant contribution” to the company’s success.
“Alongside Chris Tanner, David has been involved in leading the management of JLEN since its formation in 2014. We wish him well in his new role and are pleased that David remains within JLCM allowing us to maintain access to his knowledge and experience.
“The board is confident that, under the management of Chris Tanner and the wider team at JLCM, the company's strong performance will continue and JLEN remains well placed for the next phase of growth,” he added.