Michael Fallon named Chairman of Aberdeen Standard Investcorp Infrastructure Partners

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Investcorp and Aberdeen Standard Investments yesterday announced the appointment of Sir Michael Fallon, former Secretary of State for Defence of the United Kingdom, as Chairman of their infrastructure joint-venture, Aberdeen Standard Investcorp Infrastructure Partners.

Fallon, who has served on Investcorp’s International Advisory Board since 2018, steps up to replace Lord Gerry Grimstone, who has joined the British Government as Minister for Investment. ASIIP aims to participate in the post Covid19 economic recovery and reform in countries across the Middle East by investing in sustainable core infrastructure projects.

Commenting on the appointment, Mohammed Alardhi, Executive Chairman of Investcorp, said, “Sir Michael’s wealth of experience in both the private and public sectors, and knowledge of numerous industries, including energy and infrastructure, will be instrumental to delivering on the business’s growth and ambitions.

“We would also like to thank Lord Grimstone for his great contribution to our business to date and wish him much success in his position in government. He remains a highly respected and valued friend of Investcorp.” Michael served as a British Member of Parliament for more than three decades and held several governmental leadership roles, most notably as the Secretary of State for Defence from 2014-2017.

He was previously Minister for Industry and Energy in the government of David Cameron. Amongst other directorships, he is currently deputy chairman of Genel Energy Plc.