Senior debt investments team

IFM’s debt portfolios are managed by Australia’s most experienced credit investors with a wealth of experience extending back to the 1980s. The team is led by Robin Miller, Global Head of Debt Investments and comprises investment professionals in Melbourne and London who manage a range of credit, infrastructure debt, and cash investment strategies and have access to the experienced infrastructure experts of IFM’s Infrastructure Equity and Commercial teams.

Robin Miller

Global Head of Debt Investments
Joined IFM in 2007 (associated with IFM since 1999)

Robin is responsible for the creation and management of IFM’s debt based strategies, portfolios and investment staff. In addition he is a member of IFM’s Leadership Team, Investment Committee and its Risk Committee. Gaining his original qualifications as a Mining Engineer in 1975, Robin later returned to university to conduct research for his PhD in rock mechanics, which was awarded in 1981. In 1986 he switched careers into banking, commencing as a project finance analyst, but moving on to a variety of corporate lending and risk management roles within the National Australia Bank (“NAB”). This included two years as a senior head office credit officer approving large project finance and infrastructure loans. In 1998 he was invited to move across to National Asset Management (“NAM”), a funds management subsidiary of the NAB, in order to take credit investment skills into their fixed interest team. While at NAM, Robin commenced managing debt investments on behalf of IFM’s diversified pure credit fund, the Alternative Fixed Income Fund, from its inception in 1999. Despite changing employers since then, this key role moved with him and has continued without break to this day. In 2005, he joined ME Bank to expand its funds management capability, later moving to IFM, ME Bank’s sister company in 2007. Robin’s career has covered many facets of corporate lending and project finance, as well as other aspects of risk management and the credit approval process. His move to funds management was in advance of the mainstream adoption of credit as an Australian asset class. He has been closely involved with the evolution of infrastructure debt as a special sub-set of the credit risk asset class.

Scott Barker

Investment Director
Joined IFM in 2008

Scott is responsible for co-managing the IFM Alternative Fixed Income Funds (AFIF) and supervising the cash funds and treasury services team. He previously worked at Western Asset Management, a specialist credit fixed income manager, and its predecessor in Australia, Citigroup Asset Management, where he was Vice President, Fixed Income. Scott’s experience covers analysis of, and investing in, a broad range of credit and traditional fixed income products covering traditional duration based and specialist credit portfolios, annuity matching funds for insurance companies and cash/cash enhanced funds. He has been involved in a diverse range of transactions as a buyer and a seller, including PPP infrastructure, securitisation, structured credit and hybrid deals. Scott’s experience covers Australian and offshore markets. In previous roles he worked for Westpac in corporate banking and financial markets focusing on debt capital markets origination and sales, interest rate risk management, foreign exchange and money markets. This included a period in London.

Bruce Potts

Investment Director
Joined IFM in 2009 (associated with IFM since 1999)

Bruce is responsible for co-managing the IFM Alternative Fixed Income Funds (AFIF) as well as being portfolio manager for a number of credit portfolios. Bruce also undertakes other activities including credit analysis and product development within the IFM Debt Investments Group. Prior to his appointment to IFM, Bruce was Portfolio Manager in charge of credit investments at AllianceBernstein. This involved managing the credit components of diversified fixed income funds, as well as specialist credit-only portfolios. Bruce has been involved in AFIF since its inception in mid-1999. He soon became AFIF’s Portfolio Manager, controlling its asset allocation and the implementation of its investment policy, as well as having oversight of all of its investments. Prior to this period, Bruce held various positions within National Mutual where he was involved in a range of treasury and investment operations including running the short term treasury dealing desk. Following its creation, he moved to National Mutual Funds Management (NMFM), in direct portfolio management of client funds, focussing on short-end and structured assets. As a credit specialist, he was closely engaged in the evolving RMBS market and in other forms of asset backed securities, across the credit risk spectrum from AAA down to BB for high yield portfolios. Bruce has also had considerable experience of investing in hybrids as well as PPP assets; particularly for backing annuity liabilities. He remained with NMFM when it became part of AXA Asia Pacific prior to it becoming the Australian arm of AllianceBernstein.

Kevin Lewis

Investment Director
Joined IFM in 2010

Kevin is primarily responsible for originating and managing infrastructure debt investments as well as establishing infrastructure debt portfolios. Kevin has over 20 years commercial experience in senior executive/analyst roles and for the past 15 years has specialised in infrastructure and utilities companies/projects building on his involvement in state government privatisations in the ‘90s. His most recent previous position was Director and Portfolio Manager, Infrastructure & Utilities, Westpac Institutional Bank (Melbourne). Prior to that he was Director of Asia-Pacific Energy Utilities Team with Fitch Ratings (Brisbane). He has also worked with Standard & Poor's, the Victorian Department of Treasury and Finance as well as Elders.

David Cooper

Investment Director
Joined IFM in November 2012

David is responsible for driving the expansion of IFM’s infrastructure debt investment capabilities into the UK and Europe. He is also charged with sourcing infrastructure debt deals in Europe and conducting credit analysis of prospective investments, as well as managing and marketing IFM’s capability in this speciality. David has 17 years experience in banking focussed on project finance, infrastructure debt and structured credit. He joined IFM from Barclays, where he was Head of Infrastructure and Structured Project Finance for their Corporate and Public Sector Finance business units. David began his banking career with RBS, where he focused on structured and public sector finance globally, then moved to HBOS plc. At HBOS, David worked in the origination team of the Infrastructure Finance unit, where he was responsible for sourcing and executing senior debt, mezzanine and equity in the transportation and energy sectors.

Lillian Nunez

Associate Director
Joined IFM in July 2007 (previously Members Equity)

Lillian is responsible for providing credit analysis, investment recommendations and portfolio monitoring support to the Debt Investments Group. Lillian joined ME Bank in May 2000 as Business Lending Manager within Business Banking. In January 2002, she joined the Capital Markets team as a Portfolio Manager responsible for securitisation fund raising for the Superannuation Members Home Loans and Maxis Home Loans programmes. In October 2005 she joined the Funds Management team as Portfolio Analyst. Prior to this period, Lillian was employed with Credit Suisse First Boston as a Senior Credit Analyst, Risk Management providing credit analysis, industry sector research and lending recommendations for the Australian and New Zealand Corporate Lending business.

Darren Pasco

Associate Director
Joined IFM in 2003 (previously Members Equity)

Darren is responsible for managing the IFM Cash Funds, as well as managing foreign exchange and interest rate risk for other debt portfolios, other asset class treasury requirements and internally managed funds. Prior to this period, Darren was assistant manager in ME’s treasury area, managing the money market asset and liability books, dealing of financial instruments such as interest rate swaps, futures and foreign currency on behalf of ME and ME Portfolio Management managed Trusts. Darren also worked for several years with Swiss Re Asset Management as an Assistant Portfolio Manager in the fixed income area. Prior to this period, Darren was a fund accountant with National Custodian Services. He has experience in both investment accounting and performance analysis. Darren is currently completing his Masters in Applied Finance.

Simon Tung

Associate Director
Joined IFM in 2006 (previously Members Equity)

Simon is responsible for portfolio management and asset selection for Government Bond and High Yield Debt strategies and has overseen the implementation of vanilla debt indexing capability. He also drives the team’s strategic investment thought process. Simon started his career at Westpac where he spent a year on the graduate program before being appointed to the role of Institutional Dealer on the Money Market desk. Simon was then appointed to National Mutual Funds Management where he initially spent one year in the investments team as a Quantitative Analyst working on projects across different asset classes. He then moved into a strategy role within the International Equities area at AXA Investment Management focusing primarily on country allocation and asset allocation strategy. Simon then worked at National Australia Financial Management as a Senior Research Analyst, before moving to the Treasury Corporation of Victoria where he spent six years initially as Senior Quantitative Analyst and then as Manager, Treasury Quantitative Services.