Bastion Infrastructure hires veteran Wael Elkhouly from EISER


TToronto’s Bastion Infrastructure Group has hired experienced industry player Wael Elkhouly from EISIR Infrastructure Partners as a partner and head of asset management.

Elkhouly has more than 20 years of experience in capacities including engineer, asset manager, principal investor and advisor.

He was also head of asset management at London-based EISER, and led a team which managed a diverse portfolio of European and Australian assets across the utilities, transportation, energy and social infrastructure sectors.

He previously spent five years at Citigroup’s infrastructure advisory team in London, where he covered infrastructure funds and advised on many transactions, and 12 years with the Bechtel Group in London, Cairo and San Francisco, where his activities included construction management, cost control and investing in and financing large infrastructure projects.

Bastion managing partner Ron Lepin said, “A core part of our investment strategy is focused on the active management of our investments over the long term to both generate value and to control risk.

“Wael has a unique and varied background that provides him with a deep understanding of the operational aspects of infrastructure assets, but he also has strong experience in dealing with the financial aspects of these investments.”

Bastion targets investments in the power, water, transportation and energy infrastructure sectors.

In March the firm hired named Enrique Fuentes as a partner on its investment team.

Fuentes, who was previously a strategic investor and asset manager at Cintra and Ferrovial, will be based in Toronto.

Most recently he was director of global infrastructure for KPMG, where he provided advice to governments on the development and implementation of public-private partnerships and to developers and investors interested in investing in and managing transportation projects.

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