Australia-based Industry Funds Management (IFM) has appointed Rich Randall as Executive Director Debt Investments for North America.

Rich Randall, ex Royal Bank of Scotland, will be based in IFM's New York office and will lead the expansion of IFM's infrastructure debt business into North America. Starting 4 November, he will be responsible for building and leading a specialist infrastructure debt team as part of IFM's global capability.

The North America team will complement IFM's existing infrastructure debt teams in Melbourne and London. Currently IFM is hiring for the infrastructure debt team in Melbourne.

IFM's global head of debt investments, Robin Miller, said that Randall's' appointment reflects IFM's successful 14 year track record in infrastructure debt.

"Our long and successful track record in infrastructure debt for institutional investors, together with our unique business model, gives us a strong foundation to attract high calibre investment specialists, such as Rich Randall, to continue to build the business," said Miller.

Randall has over 19 years experience in banking including being managing director/head of project finance group at Royal Bank of Scotland in Stamford and New York. Previously, he was vice-president, structured energy group at Calyon. He has also worked at Trust Company of the West (now EIG) and Credit Lyonnais.