JP Morgan Asset Management expects Europe to account for “nearly all the growth” of its infrastructure debt team over the next five years, as it turns to energy regulator Ofgem for its first London hire.

Yesterday, the fund manager - one of the world's biggest - recruited its first infra-debt team member in London. Ashley Potter was until recently a senior financial adviser to Ofgem, the UK's electricity regulator, and has also worked as a debt banker at BNP Paribas, working on a number of debt refinancings in the energy and infrastructure sector in Europe.