Plenary UK and Europe - Plenary is one of the world’s leading investors, developers and managers of public-private partnership (PPP or P3) infrastructure projects.

Infrastructure investor, developer & manager | Plenary UK and Europe

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Paul is Chief Investment Officer and a Director for Plenary Group.



As Chief Investment Officer, he is responsible for Plenary’s deal origination, structuring and negotiation in the region.



Paul has extensive industry experience having operated in infrastructure and finance markets for more than two decades and is a recognised industry expert in public-private partnership developments.



Paul has been extensively involved in the structuring and execution of most of Plenary&#8217;s major infrastructure investments in the region and has lead Plenary’s Origination team for almost 10 years.



Paul holds a Bachelor of Engineering (Hons), Bachelor of Science and Master of Applied Finance.



In March, it was announced Paul will succeed David Lamming as Chief Executive Officer, effective 1 July 2025.

Paul Crowe

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Alex joined Plenary in 2022 with more than 25 years of experience as a lawyer, banker and investor.&nbsp;



Most recently, he was Senior Advisor and&nbsp;Senior Managing Director at John Laing where he worked in leadership positions for more than 14 years across project finance, new markets, strategy, partnerships, Europe and Latin America.&nbsp;



He was also a member of the senior leadership team and investment committee.&nbsp;&nbsp;&nbsp;



Prior to that, Alex was a Director in the infrastructure advisory team at CIBC World Markets in London as well as a banker and lawyer in Southeast Asia.&nbsp;&nbsp;



Alex is a qualified solicitor in England and Wales and in Singapore.&nbsp;&nbsp;

Alex Yew

David Lamming

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David joined Plenary at its inception in 2004, and since that time has played an integral part in the development of the business from its standing start to becoming a market leading infrastructure business that Plenary is today.



David took over as Chief Executive Officer at the beginning of 2020, and from there he&nbsp;oversees the day-to-day running of Plenary’s business in <a href="https://plenary.com/anz">Australia and New Zealand</a>, <a href="https://plenary.com/asia-middle-east">Asia and the Middle East</a> and the <a href="https://plenary.com/uk-europe">UK and Europe</a>, managing a multi-disciplinary team of professional staff and driving the group’s growth strategy.



David transitioned into this role from his former role as Chief Investment Officer, which he held since 2017. As Chief Investment Officer, he was responsible for Plenary’s capital deployment, specifically including the implementation and management of the group’s corporate debt and other financing relationships, with oversight of new investments and divestments at a corporate level.



He previously held the position of Head of Origination, being ultimately responsible for Plenary’s pursuit of project opportunities and during which time he was actively involved in the structuring, negotiation and execution of a number of projects undertaken or tendered by the group.



From 2012, he was responsible for the oversight and management of Plenary&#8217;s interest in the <a href="https://southwharfmelbourne.com.au/" target="_blank" rel="noreferrer noopener">South Wharf Melbourne</a> retail and commercial precinct, developed in conjunction with the <a href="https://plenary.com/apac/project/melbourne-convention-and-exhibition-centre">Melbourne Convention Centre</a> project.



Before joining Plenary, David worked at <a href="https://www.abnamro.com/en/information/legal-merger-2019" target="_blank" rel="noreferrer noopener">ABN&nbsp;AMRO</a> in the Melbourne-based Infrastructure Capital team which had, at that time, a market-leading position in the delivery of social infrastructure projects, having been responsible for more than 30 successful projects.



Previous roles for David included property investment banking and several years working as a property and commercial lawyer.



Follow David on <a href="https://www.linkedin.com/in/david-lamming" target="_blank" rel="noreferrer noopener">LinkedIn</a>.

Felix Cassel

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Felix is based in London and is responsible for Plenary’s Europe and UK-based activities.



He has moved to London from the Melbourne office where he was based for seven years.



He has been actively involved in several significant PPPs, leading bids, financings and refinancings across a variety of asset classes.



Notable project involvement includes the Public Housing Renewal Program bid, AgriBio Centre for AgriBioscience refinance, Victorian Comprehensive Cancer Centre refinance, Casey Hospital expansion, Western Roads Upgrade and Melbourne Convention and Exhibition Centre expansion.



Prior to joining Plenary, Felix spent five years at a UK-based asset manager in their private equity team, with a generalist focus across EMENA.

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Ray is a founding director of Plenary Group. He has more than 25 years experience in banking and capital markets underwriting for the Australian corporate, institutional and infrastructure marketplace.&nbsp;



Plenary Group manages a portfolio PPP projects across Australia, Canada and the US including a significant number of market leading PPP projects, most notably The Sydney Metro Northwest and The Victorian Comprehensive Cancer Centre.&nbsp;



Prior to joining Plenary Group, Ray spent eleven years at leading Australian financial institutions BZW Australia Limited and ABN AMRO, having previously spent 10 years as a chartered accountant with Price Waterhouse, Sydney, and KPMG in Dublin.&nbsp;



Ray is also a non-executive director of the Commonwealth Government business enterprise, the Moorebank Intermodal Company.

Ray Wilson

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<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1476" height="1600" src="https://cms.plenary.com/app/uploads/2023/10/Richard_Osborne-1476x1600.jpg" alt="" class="wp-image-10498" srcset="https://cms.plenary.com/app/uploads/2023/10/Richard_Osborne-1476x1600.jpg 1476w, https://cms.plenary.com/app/uploads/2023/10/Richard_Osborne-277x300.jpg 277w, https://cms.plenary.com/app/uploads/2023/10/Richard_Osborne-768x832.jpg 768w, https://cms.plenary.com/app/uploads/2023/10/Richard_Osborne-1417x1536.jpg 1417w, https://cms.plenary.com/app/uploads/2023/10/Richard_Osborne-1890x2048.jpg 1890w" sizes="(max-width: 1476px) 100vw, 1476px" /><figcaption class="wp-element-caption">Richard Osborne leads Plenary’s European business focused on developing greenfield infrastructure opportunities.</figcaption></figure>



Based in London, Richard leads Plenary’s European business focused on developing greenfield infrastructure opportunities.



Before joining Plenary he was a Senior Vice President at Macquarie Capital, where he worked on more than €4bn of successfully closed project finance investments and PPPs over 10 years.



Highlights included leading all of Macquarie Capital’s PPP activities and investments in Ireland for eight years, including the successful tender and closing of three social infrastructure projects, the first Irish Social Housing Bundle PPP, the East and Central Quad PPP at Technological University Dublin’s Grangegorman campus, and the Higher Education Bundle 1 PPP. For two of these projects, he was the chairman of the SPV board from financial close to start of operations.



Prior to that, Richard worked as a chartered civil engineer for 12 years across public transport infrastructure in the UK.

Richard Osborne

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Joshua Smith is based in London, where he is focused on developing greenfield infrastructure projects across Europe.



Joshua joined Plenary&#8217;s Melbourne team in 2017, where he played a leading role in several of Plenary&#8217;s major projects, including the Western Roads Upgrade and the New Footscray Hospital project, as well as several asset refinancings and bids. 



Joshua moved to London to support the establishment of Plenary&#8217;s presence in Europe and seek new opportunities for the business.



Prior to joining Plenary, Joshua worked in London in economic consulting in the infrastructure sector, including regulation of energy networks and economic policy for health and transport infrastructure.

Joshua Smith

People

Plenary is a people business. We look for high-performing professionals with a commitment to excellence in the procurement, delivery and management of public infrastructure.