The Team

Duncan Ritchie, CEO

Duncan has nineteen years’ experience in investment banking and finance, specialising in the provision of financial advisory services in respect of investments in the energy, electricity and infrastructure sectors.

Duncan commenced his career with ANZ Investment Bank in London in 1990, where he worked in credit, structured finance, product development and debt syndication roles.

In 1994 Duncan established ANZ Investment Bank’s office in Vietnam and lived and worked there until October 1998, growing that office to a team of five dedicated Investment Bank executives, focused primarily on advisory and debt arrangement for transactions in the Vietnam market. Duncan also represented ANZ on the Bank Advisory Committee for the negotiation of the restructuring of Vietnam’s ‘London Club’ debt into a Brady plan rescheduling arrangement.

Between 1998 and 2002 Duncan worked in Hong Kong and Singapore with ANZ Investment Bank and, latterly, with SG Asia Ltd focusing on project finance advisory assignments.

In 2005 Duncan established AEQUERO to act as an independent boutique advisory firm focused on the energy and infrastructure sectors, in particular in Asia, with the capacity to provide development support and multidisciplinary advisory services to AEQUERO’s clients.

During his career, Duncan has led financial advisory engagements in respect of the Phu My 2-2 gas-fired combined cycle power project (Vietnam), the Nam Theun 2 hydropower project (Laos), the Quang Ninh CFB coal-fired power project (Vietnam) and the Guangdong LNG receiving and storage terminal (China) as well as in respect of transactions in the water, telecommunications and transportation sectors.

Duncan has worked with clients under both competitive bid and negotiated development bases. He has strong transaction coordination and team management skills as well as an intimate knowledge of the funding sources available to investments in the energy and infrastructure sectors.

Duncan graduated from Aquinas College in Perth, Australia and from the University of Western Australia where he completed a Bachelor of Commerce degree. He is a member of the Australian Institute of Company Directors and the Australian Institute of Management.

Robert Garman, General Counsel

Bob is a U.S. qualified lawyer (licensed in Iowa, Nebraska and Texas) who has been practicing since 1988. Bob has eleven years experience, including acting as Senior Counsel to CalEnergy (now MidAmerican Energy Holdings Company) and Development Consultant to Sumitomo Corporation. He has worked on all phases of infrastructure development, construction and operations, primarily in the independent power field. During this time, he has focused on power sales, fuel purchase and EPC contracts in the context of non- and limited-recourse projects.

Bob has worked on investment projects in Asia, North America, South America, the South Pacific and the Middle East.

Prior to working in project finance and infrastructure development, Bob started his career in the areas of commercial litigation and creditor bankruptcy. Bob graduated from the University of Iowa, College of Business Administration in Iowa City, Iowa, USA, with a degree in economics, then from the University of Iowa College of Law with a Juris Doctor degree.