edie.net - Faversham House Ltd.

Business boffin`s advice to bankers: where there`s muck there`s brass

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Source: edie.net - Faversham House Ltd.

A high flyer from the City has been taken on by Defra to sell the importance of waste management to the financial sector.

Melville Haggard has joined Defra's Waste Implementation Programme (WIP) on a one-year secondment.

Mr Haggard is a senior director in the corporate finance division of Impax, a financial services house specialising in the environmental sector.

He has a wealth of experience in international commerce and investment banking and will be expected to use his knowledge of the sector to convince those in finance houses that where there's muck there's brass.

WIP is hoping his appointment will be another step down the path towards creating a more attractive climate for those prepared to invest in the infrastructure needed to divert waste from landfill.

He will focus on raising the profile of waste management and disposal projects within the banking and investment sector and on developing PFI and other funding structures to meet the needs of the market.

Melville Haggard said: 'This is a tremendous opportunity to contribute to the needs of this growth sector.

'The challenge is to help the construction, equipment supply and waste management practitioners, supported by a variety of financing routes, to configure products that enable Local Authorities to implement their waste strategies in a timely and cost effective manner.'

John Burns, director of WIP said: 'I am absolutely delighted that Melville is joining us.'

'He does so at a time when his experience and knowledge of the renewable energy and waste sectors will complement our existing skills and help us to accelerate the development of this fast changing market.

'I'm grateful to the Impax Board for helping to make this possible.'

By Sam Bond

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