Impax expands team with new appointment

Thursday, June 05, 2008

Impax Group plc (Impax) one of the UK's largest environmental investment companies with over £1.25 billion funds under management and advisory has announced it has appointed Lee Clements as Investment Manager.
Lee will take a lead role in research and analysis for Impax's listed equity funds, Impax Environmental Markets plc, Impax Environmental Markets (Ireland), IFSL Impax Environmental Leaders and the Impax Absolute Return Fund.

Lee has extensive experience in the environmental markets from Nomura Private Equity and WHEB Ventures, leading deals across numerous environmental sectors including metals recycling, energy efficiency and sensors. Prior to moving into environmental markets he worked in corporate strategy at Lehman Brothers.

Ian Simm, CEO of Impax said: "Lee brings with him a deep analytical knowledge of the environmental sector and many years of financial experience. He will be a valuable asset to the Impax team and will help us further expand our expertise."

Lee Clements said: "I'm delighted to join Impax. It is arguably the leading investment company in this sector and the team draws on a wealth of experience. I look forward to working with them."

Lee, aged 31, gained a First in Physics from Imperial College, London in 1999

About Impax Group plc

Impax Group plc (Impax) was founded in 1994 as a specialist finance house focusing on the markets for cleaner or more efficient delivery of basic services of energy, water and waste. These markets are expanding rapidly, as business and political leaders encourage the development of cleaner products and services in response to the increasing pressures placed on the environment.

Impax's dedicated team of professionals, with many years of experience in the financial and environmental sectors, is ideally placed to understand and take advantage of the investment opportunities arising from the fast growing environmental markets. Impax Asset Management (the trading entity of Impax Group) manages over £1.25 billion of assets for institutional and private investors, across a range of listed and private equity funds.

For further information please visit: www.impax.co.uk

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