Former RES Americas CFO joins Whitehall

Richard Ashby, the former cfo of RES Americas, has joined Whitehall & Co. as a managing director with a focus on M&A and capital raising for renewable energy clients.

Jonathan Cody, managing partner and head of investment banking at Whitehall, stated:

"I've personally known Richard for over 20 years and have great respect for his work as a developer, cfo and trusted financial advisor to clients in both the conventional and renewable energy space”, Jonathan Cody, managing partner and head of investment banking at Whitehall, said in a statement. I'm very excited to have Richard join our firm to spearhead our efforts in the renewable energy sector.”

Ashby stated:

“I am delighted to join the Whitehall team, whom I’ve known and successfully worked with over many years. I look forward to leveraging the Whitehall platform on behalf of clients to continue to deliver cost-effective and independent advice and to structure customized and scalable financing solutions on behalf of renewable energy developers, investors and asset owners.”

Over the course of his career, Ashby has developed or advised on more than $30 billion worth of transactions. He most recently acted as financial advisor to several prominent renewable energy firms on wind and solar projects in the U.S. and Canada.

Prior to his recent advisory work as founder and managing partner of Infrastructure Finance Advisors, Ashby was cfo at RES Americas, where he led $4 billion of M&A, project debt and tax-equity transactions involving more than 2,200 MW of renewable assets. He also played a key role in initiating and managing a significant expansion of RES Americas’ development and construction activities. Prior to that, Ashby served as cfo of Perennial Power Inc., the U.S. independent power arm of Sumitomo Corp.; and was also the co-head of the U.S. power market consulting group at Pace Global Energy Services.

Ashby spent the first 10 years of his career based in London and Washington, D.C., first as a member of the team that completed the development and financing of the $1.8 billion, 1,300 MW Hub River Project in Pakistan; and then co-founding an emerging markets-focused independent power producer that developed power and infrastructure assets in South-East Asia and the Middle East.