Cressida Hogg has announced her intention to leave the 3i Group at the end of March. She has worked at 3i for more than 18 years during which time she co-founded 3i’s infrastructure business in 2005 and became its Managing Partner in 2009. After her departure greater responsibility will be given to three existing members of the team that currently manages 3i Infrastructure.
Hogg was responsible for managing the investment advisory team and for all aspects of 3i Group’s infrastructure investment business, including investment appraisal, portfolio management and investor relations activities. She also had a board position at AWG, the investment company’s largest investment.
Her role was clearly significant for 3i Infrastructure and we doubt that her considerable experience will be easily matched by the proposed internal promotions. We have suspended our two-star rating pending more detailed understanding of the new management structure and of individual team members’ skills.
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