Clyde & Co has added to its Singapore office with the hire of an infrastructure and projects partner.
Michael Horn joins the team having most recently served as chief risk officer and a member of the board of directors at PT Indonesia Infrastructure Finance, Indonesias sovereign wealth entity for infrastructure finance and development. Previously, he has been managing director and associate general counsel of Financial Security Assurance and head of Coudert Brothers Jakarta and Singapore offices.
Horns arrival demonstrates the importance of Indonesias lucrative infrastructure investment market, which has an estimated value of $250 billion over the next five years. Michaels reputation and previous work, which includes the finance structure for the Tanjung Jati B plant and the A$695 million ($698 million) acquisition and refinancing of the Sydney Cross City Tunnel, mean that he is well-placed in the Indonesia-focused Singapore market.
In a statement, Asia-Pacific board member and managing partner of the firms Singapore office Brian Nash said: [Horns] project and infrastructure finance experience will enhance our overall capabilities in the region, and provide our clients with a comprehensive range of legal services on energy and infrastructure projects.