The team

Board of directors

The Company has an independent board of non-executive directors from relevant complementary backgrounds with experience in investment management, investment trusts, corporate governance and renewables.

Phil Austin, MBE

Phil Austin, MBE

Non-Executive Chair
Phil spent most of his career in banking with HSBC in London. He is Currently Chairman of Jersey Electricity plc and Non-Executive Director of City Merchants High Yield Trust Ltd. In 2001, he became the founding CEO of Jersey Finance, the body set up as a joint venture between the Government of Jersey and its Finance Industry, to represent and promote the Finance Industry at home and abroad.

In 2009, he took on a portfolio of non-executive directorships at public and privately-owned businesses, and served on the board of 3i Infrastructure Plc for 10 years, mostly as the Senior Independent Director. 
Audrey McNair

Audrey McNair

Non-Executive Director
Audrey was previously Global Head of Business Risk at Aberdeen Asset Management and is currently a Non-Executive Director and Chair of the Audit Committee of Jupiter Emerging and Frontier Income investment Trust plc. She is the Chair of the Risk and Investment Committee and Non-Executive Director of British Friendly Society.

Audrey is the Chair of the Audit and Risk Committee.
James Cameron

James Cameron

Non-Executive Director
James has 32 years’ experience in legal, academic, advisory and executive professions with a strong focus on environmental and sustainable development. He is the Founder and was formerly Non-executive Chairman of Climate Change Capital.

He was formerly a Founder Director of Solar Century and helped to found The Renewable Energy and Energy Efficiency Partnership.

James is currently also Chairman of the Overseas Development Institute.
Elaina Elzinga, CFA

Elaina Elzinga, CFA

Non-Executive Director
Elaina is a Principal in Investments at the Wellcome Trust, leading the Absolute Return and Agriculture team. She is also a Director of Farmcare, Wellcome’s wholly-owned UK agriculture company.

She currently sits on the investment committee for Newnham College, Cambridge and is a Trustee of the Wellcome Trust Pension Plan. Elaina previously worked in investment banking and investment management at Goldman Sachs.

Management team

Matt Setchell and Chris Gaydon are the named Investment Managers for Octopus Renewables bringing 25 years of combined experience in renewable energy.

Matt Setchell

Matt Setchell

Co-head of Octopus Renewables
Matt is Co-head of Octopus Renewables, a team that he started nine years ago and has built to 70 people with over £3 billion of energy assets under management. During this time, Matt led Octopus’s investment into Lightsource Renewable Energy (now Lightsource BP) and oversaw the growth of that business from start-up to exit. He also led the team’s expansion strategy from an initial focus on UK solar PV into on-shore wind and other renewable energy assets across Europe and Australia.

Matt is Chairman of the Octopus Renewables Investment Committee and member of Octopus Investment’s Executive Committee.

Prior to Octopus, Matt was an investment manager at Shore Capital and a manager at PwC. He has an MBA from Cambridge University and an Economics degree from Bristol University. 
Chris Gaydon

Chris Gaydon

Investment Director
Chris joined Octopus Renewables as an Investment Director in 2015, is a long-standing member of the Investment Committee and a director on several wind and solar SPVs. Chris originated and led one of the largest wind farm portfolio acquisitions in the UK valued at c.£320m and led the Transactions Team that delivered over £1bn of debt and equity transactions.

Chris now focuses on the origination of acquisition opportunities and has oversight of the transactions from investment through to operations.

Prior to joining Octopus, Chris was Business Development Director at Falck Renewables where he had a range of roles, including M&A and leading greenfield development in France and Poland. Chris holds a Bachelor of Commerce (Finance) degree and a Bachelor of Engineering (Chemical) degree from the University of Sydney.

Want to find out more?

Contact us to find out more about Octopus Renewables Infrastructure Trust.