Roland Leroy - ChairmanMr. Leroy founded Castalia in 1980. Under his guidance, the firm pioneered the use of concession and lease contracts to improve electricity and water services in developing countries. This built on Mr. Leroy’s pre-Castalia work in Lisbon, Madrid and Cote d’Ivoire on the optimal organization of utility services. Much of Mr. Leroy’s work has been in France and Africa, and in the last decade he has also assisted Governments and municipalities in the Ukraine, Poland, Latin America and the Caribbean.
David Ehrhardt - Chief ExecutiveDavid focuses on private finance and regulation of infrastructure and utilities. Qualified in law and economics, his experience prior to Castalia includes work on infrastructure, regulation and finance at the New Zealand Treasury, London Economics and Azurix. He is skilled in developing new structures for private investment in public infrastructure, and also advises governments on ways to improve policy and organization in infrastructure sectors.
Alex Sundakov - Executive DirectorAlex joined Castalia as Executive Director after a career spanning the New Zealand Treasury, the International Monetary Fund, and serving as a Director for the New Zealand Institute of Economic Research. Mr. Sundakov co-manages Castalia and leads many of Castalia’s consulting assignments on competition and regulatory policy and infrastructure transactions. Alex has a particular interest in climate change policy, and advises commercial clients on compliance with the emission trading schemes and on carbon risk management. Alex also frequently acts as an expert witness before courts, regulatory hearing and legislative commissions.
Michael Schur - Managing Director
Michael is Managing Director of Castalia Strategic Advisors, based in Sydney, where he has responsibility for the Australian and South East Asian practices. Michael has a wealth of public and private sector experience. Most recently he was Head of PPP Services at Leighton Contractors where he managed a range of PPP related transactions and investments. Michael was simultaneously Chief Executive Officer of the new Royal Adelaide Hospital project, a $1.85 billion PPP in South Australia. Prior to that Michael spent a number of years with the NSW Treasury, initially as head of the Office of Infrastructure Management and later as Treasury Secretary, in which role he was the Government’s chief economic advisor. He led a team of 300 staff and advised the Government on economic policy, financial management and budgeting, and oversaw several successful privatisations and PPPs.
Nils Janson - Executive Vice PresidentNils advises governments, financial institutions, and private companies on strategies for financing, developing and managing infrastructure. He specializes in designing and implementing public-private partnerships, and governance and regulation of public service providers. He has conducted business valuation, due diligence and financial modelling of water, energy, natural gas and solid waste management companies. With over 20 years of experience in more than 40 countries in emerging markets, he focuses on Latin America and the Caribbean. Nils graduated from Georgetown University with an undergraduate degree in Economics and a graduate degree in Finance. He is fluent in English and Spanish.
Calvin Monson - Senior Vice President - Telecommunications
Calvin advises public and private sector clients on economic, regulatory, and competition issues. He has broad experience in telecommunications economics, public utility regulation, and interconnection and access issues. He has been a consulting economist at Strategic Policy Research, NERA Economic Consulting, and Alhambra Consulting. Calvin was BellSouth International’s (now AT&T Inc.) Vice President of Regulatory and Government Affairs, operating mobile telephony businesses throughout Latin America. He is also a former utilities regulator, having served as Director of Telecommunications at the Illinois Commerce Commission in the United States. He has over 25 years of experience throughout emerging markets. Calvin holds a B.A. in Economics from Brigham Young University and an A.M. in Economics from the University of Chicago.
Patrick Longmire - Vice President, Clean Energy FinancePatrick advises renewable energy project developers in Africa on raising financing for their projects, as well as buy-side investors on cross-border acquisitions. During his tenure with leading global financial institutions, he has amassed extensive experience in financial transactions ranging from M&A to public/private debt and equity placements, and played a key role in assisting companies enter foreign energy markets. Patrick holds a BA from Stanford University, a Master of Arts in Social Change and Development from Johns Hopkins University and an MBA in International Finance from the Wharton School of Business.
Gianmarco Servetti - Practice Leader
Gianmarco advises public and private entities on improving electricity services and investing in sustainable energy projects. His expertise covers the key areas for achieving better power supply and demand, particularly through renewable energy and energy efficiency: economic and financial analysis of projects and programs; design of policy, regulatory, and financial mechanisms; assessment of investment opportunities; development of innovative business models; and structuring of public-private partnerships. Gianmarco holds a Master of Arts in International Economics and Energy Policy from the Johns Hopkins University, and a Degree in International Relations from the University of Trieste.
Ikepo Oyenuga - DirectorIkepo provides infrastructure finance, economic and policy advice to both private and public clients. Her areas of expertise include designing and implementing strategies to attract private finance and management expertise; and improving governance, regulation and management of public utilities. She also specializes in conducting evaluations of donor-funded projects and programs. Prior to joining Castalia, Ikepo worked in the Debt Capital Markets group at Barclays Capital, New York and for a financial advisory and economic research firm in Lagos, Nigeria. She holds a Master’s Degree in Public Policy from Georgetown University and a Bachelor’s Degree in Business Management from Hood College.
Peter Hoogland - DirectorPeter has extensive experience in the Australian energy sector, gained from working in the sector in regulatory and energy trading positions and for the government in the area of energy policy and reform and ownership monitoring. He has been involved in substantial reforms of the Australian energy market to improve the governance and economic regulatory framework. This involved establishing a national energy regulator and an independent rule making body as well as national regulation of electricity and gas distribution and national transmission planning and regional boundaries review processes. Peter was also responsible for monitoring the commercial performance of the eight electricity businesses owned by the NSW Government. Peter graduated from Curtin University with a business degree. Prior to joining Castalia in 2009, Peter was Director at NSW Treasury
Jonathan Walters - Senior AdvisorJonathan joined Castalia as Senior Advisor in 2014, after 26 years at the World Bank (primarily in the infrastructure sectors), and working with BP (for 3 years) on the development impact of oil and gas investments, as well as working in the Government of Swaziland (for 3 years) on trade and investment issues. Jonathan has extensive experience in clean energy, climate finance, policy and regulatory frameworks for network infrastructure investments, institution-building and design of technical assistance, project preparation and evaluation, regional integration, and analyzing the macroeconomic implications of infrastructure services. He is particularly versed in strategy formulation and in building coalitions to move policy reform processes forward in complex political environments.
Basil Sutherland - Director (Associate)
Mr. Basil Sutherland is a Chartered Engineer with over 35 years of experience in engineering and engineering management positions in the electric and water utility industries. Mr. Sutherland has experience in power and infrastructure project financing, privatization, development banking, and in policy formulation for the energy and water sectors. Mr. Sutherland played a key role in the reform and privatization of Jamaica’s energy sector, and has extensive experience in the Caribbean in utility management issues and strategy, privatization, finance, and regulation. He has held senior positions with the National Water Commission, the Jamaica Public Service Company, the National Investment Bank of Jamaica, the Caribbean Development Bank, and the Commonwealth Development Corporation. He helped to manage Jamaica’s pioneering and successful IPP program in the early 1990s, and was involved in a number of other successful transactions.
A citizen of Jamaica, Mr. Sutherland was the local team leader for Castalia's work benchmarking the electricity utilities in the Eastern Caribbean, as well as advising Lucelec and the Barbados FTC on tariff structures and generation efficiency. He helped reform the Guyanese water sector, and to set up the regulatory framework in preparation from privatization of the water utility in St. Lucia.