The EBRD is bringing together its energy and infrastructure teams in a consolidated Sustainable Infrastructure group headed by Nandita Parshad as Managing Director.
Ms Parshad is currently Managing Director for Energy and Natural Resources at the Bank and in her new role will lead the Bank’s engagement in environmental, transport and energy sectors in 38 economies across three continents with a particular focus on decarbonisation and sustainable financing.
Ms Parshad is a member of the Energy Transition Commission and of the World Economic Forum Council on Future Energy where she represents the Bank and shapes policymaking and thinking in global challenges of decarbonisation.
Of the new Sustainable Infrastructure group, Ms Parshad said: “Green investments increasingly require a complex approach combining energy, emissions, water and waste. This integration is shown in the emergence of a number of important cross-cutting themes such as electrification of trains, buses and electric vehicles, water-energy nexus, including the growing role of desalination, as well as green, sustainable cities. By joining efforts of bankers structuring energy and infrastructure projects, we will capitalise on a common ethos and working model.”
The new Sustainable Infrastructure group has a portfolio of over €22 billion and invests yearly over €4.5 billion in new investments, or about half of the EBRD’s annual business.
Of her new team, effective from 1 January 2019, Ms Parshad said: “Our consolidated team – with its extensive experience of structuring projects with public companies and private investors – will continue working with authorities to build confidence and promote enabling policies in both energy and infrastructure sectors, reinforcing the close integration of investment and support for reform which is at the heart of the EBRD’s mandate.”
Ms Parshad has 30 years’ experience in investing in the energy sector in diverse emerging economies. She joined the EBRD’s Power and Energy Utilities team in 1993 and took over as Director of the team in 2007. She was appointed as Managing Director, Energy and Natural Resources in January 2017 and continued driving the Bank’s increasing presence in renewables and strategic regional energy, in line with the EBRD’s Green Economy Transition initiative.
Ms Parshad was born in Calcutta, India and holds undergraduate and graduate degrees from the Woodrow Wilson School of Public and International Affairs at Princeton University.
At the same time, Jean-Patrick Marquet, Managing Director for Infrastructure, will leave the EBRD after 18 years with the Bank. During his tenure, Mr Marquet made a major contribution to the EBRD’s business across sectors and countries.
A French national, he joined the Bank’s Natural Resources team in 2001, developing oil and gas and mining investments from London. In 2008 he was appointed Director of the Municipal and Environmental Infrastructure team, which is part of the Bank’s Infrastructure group. In 2015 Mr Marquet moved to Istanbul to take the helm of the Bank’s operations in Turkey, the top destination for EBRD finance, and returned in May 2017 to the Infrastructure Business Group as Managing Director.