Our People

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CEPA staff are drawn from leading international banks, consultancies, international financial institutions, private sector developers and academia. We have extensive experience and expertise across a range of issues in economics, finance and public policy, and specifically:


  • Micro and macro economics
  • Corporate and project finance
  • Public policy design and implementation
  • Economic regulation and competition policies
  • Financial and business modelling

Leadership
  • WR2.jpg William Rickett C.B. Chairman
    William is a former civil servant with a Whitehall career of 15 years. He currently works at a senior level in the private sector.
    William Rickett C.B.
    Chairman
    Profile

    William is CEPA's Chairman. He is a former top civil servant now working at a senior level in the private sector. His Whitehall career included 15 years of Board level experience in five Government departments focusing on energy and transport. In the late 1980s he led the privatisation of the electricity industry creating the first competitive electricity market in the world. In his last post, as Director General of Energy, he drove the transformation of UK energy policy to re-establish a nuclear power programme and to accelerate the deployment of renewable energy. He also gained international experience in energy policy as Chairman of the Governing Board of the International Energy Agency.

    He is currently a Director of Eggborough Power Ltd, an electricity generating company; Helius Energy plc, a developer of new dedicated biomass power stations; Impax Environmental Markets plc, an investment trust specialising in the alternative energy, waste and water sectors; and the National Renewable Energy Centre Limited, which helps to develop renewable energy technologies.

  • DN2.jpg Professor David Newbery Non-executive Director
    David is one of CEPA’s founders. He is an Emeritus Professor of Applied Economics at the University of Cambridge.
    Professor David Newbery
    Non-executive Director
    Profile

    David is one of CEPA’s founders. He is a Research Fellow in the Control and Power Research Group at Imperial College London and Emeritus Professor of Applied Economics at the University of Cambridge, where he was a Director of the Department of Applied Economics from 1988 to 2003. He is Research Director of the Electricity Policy Research Group at the University of Cambridge, a multi-disciplinary research group supported by the UK Research Councils, and the 2013 President of the International Association for Energy Economics. David spent two years as a Division Chief in the World Bank and has been a visiting Professor at Berkeley, Princeton, Stanford and Yale. He is a fellow of both the Econometric Society and the British Academy. David is the Deputy Independent Member of the Single Electricity Market of Ireland, was Chairman of the Dutch electricity Market Surveillance Committee from 2001 to 2005, and was also a member of the Competition Commission from 1996 to 2002.

    David is an internationally recognised expert on economic regulation and reform of network industries and the transport sector. He has led and participated in numerous CEPA assignments in Regulation and Competition for clients such as the UK’s Office of Gas and Electricity Markets (Ofgem), Portuguese Competition Commission, and the Dutch Office of Energy Regulation.

    David’s publications include his book entitled Privatization, Restructuring and Regulation of Network Utilities (MIT Press, 2000). He was the guest editor of The Energy Journal (2005) issue on European electricity liberalisation, and honoured in “Papers in Honor of David Newbery: The Future of Electricity” in The Energy Journal (2008).

  • CEPA-Head-Shots-May2013-38-2507448395-O.jpg Ian Alexander Director
    Ian is a Director at CEPA. He is a regulatory economist with over 20 years experience in developing regulatory regimes, supporting regulators and companies in price reviews and options for private sector participation.
    Ian Alexander
    Director
    Profile

    Ian is a Director at CEPA. He is a regulatory economist with over 20 years experience in developing regulatory regimes, supporting regulators and companies in price reviews and options for private sector participation. He has worked in developed, transitional and developing countries and across all the regulated utility and infrastructure sectors. An area that Ian has specialised in for much of this period, is that of regulatory finance, particularly in issues regarding the cost of capital and asset valuation. At CEPA Ian is primarily involved in Regulation and Competition, focusing on the UK, Ireland and Australia. Within this, Ian leads CEPA’s Water Sector and regularly leads projects in CEPA’s Energy and Transport Sectors. The issue of regulatory regime review and reform is an area where Ian has helped clients across sectors in the UK, contributing to the reform agenda in energy and water, and Australia. Ian has also led projects on the implementation of key regime issues, such as the appropriate asset life for depreciation in the various energy sub-sectors (carried out for Ofgem).

    Ian has also published widely on regulatory issues and regularly contributes to both training courses and conferences.

  • MC.jpg Mark Cockburn Director
    Mark joined CEPA as a full-time Director in May 2002 after more than 10 years in the consultancy practice of PricewaterhouseCoopers (PwC).
    Mark Cockburn
    Director
    Profile

    Mark joined CEPA as a full-time Director in May 2002 after more than 10 years in the consultancy practice of PricewaterhouseCoopers (PwC). Mark is an economist by background and has focused on economic, regulatory and finance issues in both OECD and emerging markets. At CEPA he has focused on a mix of policy, competition and regulatory issues within CEPA’s Energy Sector where he has led major projects for Ofgem, such as a cost-benefit analysis of the £14bn Gas Iron Mains Replacement Programme and a review of Xoserve, the Gas Transporter common agent. He has also advised DECC and DETI in Northern Ireland on issues related to Electricity Market Reform and the Renewable Heat Incentive. Within Continental Europe, he has led our work for the Belgian (CREG) and French (CRE) energy regulators on barriers to competition within the gas sectors in both countries.

    His other area of major focus is on issues related to private sector and Public-Private Partnership (PPP) solutions for the delivery of infrastructure and other public services in emerging market environments. Mark leads work in CEPA’s International Infrastructure Sector. Within this, he has specifically focused on the design of a number of infrastructure project development and / or financing facilities and vehicles, including PPP units, as well as strategic reviews of major technical assistance facilities such as the Public-Private Infrastructure Advisory Facility (PPIAF).

  • CG-2.jpg Charles Groom Director
    Charles is a Director at CEPA and an investment and finance expert with over 15 years experience gained in consultancy, private equity and venture capital. He joined CEPA in January 2006.
    Charles Groom
    Director
    Profile

    Charles is a Director at CEPA and an investment and finance expert with over 15 years experience gained in consultancy, private equity and venture capital. At CEPA, Charles has specialised in infrastructure regulation and finance, especially in relation to price control reviews, covering energy, water, transport. Charles has led teams providing advice and support to numerous private companies, including Centrica, Thames Water, Power NI and British Airways, as well as to sector regulators in the UK and Ireland.

    Charles also leads CEPA’s Agriculture Sector, and is currently providing transaction advisory services to the Ministry of Agriculture and Livestock in Zambia. He has extensive experience of private and public investment into agriculture, including forestry, and agri-infrastructure, including PPP arrangements.

    Charles joined CEPA in 2006, prior to which he held the position of Business Development Director at Globeleq, a leading emerging markets power company wholly owned by CDC (the UK’s Development Finance Institution). With CDC, Charles spent six years in Tanzania, latterly as Country Manager. As such, Charles has extensive experience in business development, investment and fund management, and corporate finance advisory work. He has worked closely with management teams, financiers and regulators. Prior to joining CDC, Charles was a Senior Associate at Coopers & Lybrand, where he developed experience of business planning, investment appraisal and financial modelling, privatization initiatives and public private partnerships in the UK and international markets.
     

  • JMB-opt.jpg Jonathan Mirrlees-Black Director, CEPA Pty
    Jonathan is a Director at CEPA Pty and head of our Sydney office. He was formerly a director of CEPA from 2003-04.
    Jonathan Mirrlees-Black
    Director, CEPA Pty
    Profile

    Jonathan is Director of CEPA Pty, our Australian business, and in this role has directed projects in electricity, gas, water and transport.  He has over 25 years’ experience in energy and infrastructure, as investor (with RARE Infrastructure) as a sell-side investment analyst (with Exane BNP Paribas, Lehman, and Dresdner Kleinwort Benson) and as an advisor to infrastructure companies, investors in unlisted infrastructure, governments, competition authorities, and regulators.  He was a director of CEPA from 2003-04.

    From 2010-15 he was Senior Advisor then Head of Research and Chair of the Investment Advisory Board at RARE Infrastructure, a specialist investor in global listed infrastructure based in Sydney, Australia. 

    He is a Visiting Professor at University College London (Australia) where he teaches a course in Energy Finance. He has a BA in Pure Mathematics from Sheffield University, and M.Phil. and D.Phil. degrees in Economics from Oxford University. 

  • PT.jpg Patrick Taylor Director
    Patrick is one of CEPA's directors having joined the firm in 2007. He is an experienced regulatory and financial economist having worked for governments, industry regulators and utility companies across the UK and Europe.
    Patrick Taylor
    Director
    Profile

    Patrick is one of CEPA's directors having joined the firm in 2007. He is an experienced regulatory and financial economist having worked for governments, industry regulators and utility companies across the UK and Europe. Patrick has provided strategic and commercial support to some of Europe’s leading utility companies such as EDF Energy, Centrica, ESBI, Power NI and EirGrid, and has advised regulators on regulatory regime and incentive design, pricing structures, financeability and cost of capital issues.

    Patrick specialises in CEPA’s Energy Sector, having worked with governments and regulators on energy market design, competition issues, commercial and regulatory structuring and contracting mechanisms. He has advised utilities on opportunities and regulatory and competition issues associated with entering and operating within gas and electricity wholesale markets. He has also undertaken due diligence advice for prospective investors in energy assets within the UK, Europe and emerging markets.

    Patrick has a Masters degree in Economics from the University of London (SOAS) and an undergraduate degree in Economics from the University of Sheffield.

  • GM.jpg Gaynor Mather Associate Director
    Gaynor is an Associate Director at CEPA. She joined in 2011 having spent 20 years working in the rail industry.
    Gaynor Mather
    Associate Director
    Profile

    Gaynor is an Associate Director at CEPA. She joined in 2011 having spent 20 years working in the rail industry. She is a recognised expert in managing the successful negotiation of transactions and tenders gained in particular through her role in leading the completion of multi-billion pound PPP projects on the London Underground, which involved developing and testing transaction structures, managing the procurement process, leading complex negotiations and influencing a wide range of senior stakeholders.

    She is also an experienced economic regulator, having developed the regulatory regime for the Underground PPP contracts, and having led the Office of the PPP Arbiter through a number of regulatory reviews including the Extraordinary Review of the Metronet companies and a periodic review of the Tube Lines contract. At CEPA Gaynor has continued to apply her rail experience to projects in CEPA’s Transport Sector, including the National Network, and she also leads work efficiency, value for money and benchmarking. Her career achievements include working successfully with bidders, lenders and advisers to raise an initial c.£5bn of funding for the London Underground PPP; and delivering c.£2bn of efficiency savings while leading a review of Tube Lines Ltd (TLL) bid to provide infrastructure services to Transport for London (TfL).

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Senior Advisors and Team
  • RG.jpg Richard Gleed Senior Advisor
    Richard is a Senior Advisor with CEPA, focusing on regulatory issues in financial services.
    Richard Gleed
    Senior Advisor
    Profile

    Richard is a Senior Advisor with CEPA, focusing on regulatory issues in financial services. His experience includes working as an Economic Advisor in H M Treasury, and working as a management consultant with PricewaterhouseCoopers and IBM (who acquired PwC Consulting in 2002), where he was an Associate Partner for twenty years. As a management consultant, he has worked for both regulatory authorities (the Competition Directorate of the European Commission, and the UK’s Office of Fair Trading and Financial Services Authority) and for companies making representations to them.

    Prior to joining CEPA, he worked in an interim management role at the UK’s newly formed Payment Systems Regulator, where he was the team leader on the governance and ownership workstream from May 2014 to March 2015. He worked on the policies for the Payment Strategy Forum and improved governance arrangements for the interbank schemes and card operators set out in the Consultation Paper of November 2014 and and the Policy Statement of 2015. He also led the PSR’s work with Accenture for the Accenture Governance Report.

    From 1997 to 2012, he worked mainly in financial services, advising Lloyds Bank on the Cruickshank Review of Banking Services, and playing a leading role in the setting up of the Post Office Card Account (a basic bank account for unbanked benefit claimants). He has also worked on SAP core banking issues, including a strategy for Nationwide’s future payments operating model, and on card and mobile payments.

    His work has often led to published papers. For example, with PwC, he produced a paper for Barclays (’25 years of indexing: an analysis of the costs and benefits’) to mark the 25th anniversary of the first index fund. Similarly, his work for the Financial Services Authority on MiFID was published as an IBM White Paper (‘Options for providing Best Execution in dealer markets’).

    EG-opt.jpg Eric Groom PSM Senior Advisor
    Eric works from CEPA’s Australia office as a Senior Advisor. He has over 35 years’ experience as an economist with a focus on regulation, energy efficiency and greenhouse gas emission reduction.
    Eric Groom PSM
    Senior Advisor
    Profile

    Eric Groom PSM joined CEPA’s Australia office in 2017 as a Senior Advisor. Eric has over 35 years’ experience as an economist with a focus on regulation, energy efficiency and greenhouse gas emission reduction.

    Eric formerly held senior roles at the Independent Pricing and Regulatory Tribunal (IPART) of New South Wales (NSW) leading the development of IPART’s approach to regulation, particularly on financial issues. He managed price reviews in electricity, gas, and water. He also ran inquiries into the funding and performance of the health sector, state taxes, the funding of local government, as well as the performance and governance of the State-owned corporations in NSW. Eric was a member of national and inter-jurisdictional committees involved in network pricing in the Australian National Electricity Market and the development of utility regulation.

    Eric has also worked with the World Bank and as an independent consultant, advising on regulation and sector reform in Asia, the Pacific and the Middle East. Prior to moving into regulation he worked on a number of infrastructure projects in Australia, including undertaking cost-benefit analysis on major national and state projects. He also developed the first NSW government-wide cost-benefit analysis requirements and guidelines.

    In 2015, Eric was awarded the Public Service Medal for his contribution to the development of regulation and reduction in greenhouse gas emissions through the Greenhouse Gas Reduction and Energy Saving Schemes. He will continue his independent work on the AER’s Consumer Challenge Panel.

  • KM1.jpg Kate Mingay Senior Advisor
    Kate is a Senior Advisor at CEPA with over twenty years of corporate finance and related commercial experience in infrastructure.
    Kate Mingay
    Senior Advisor
    Profile
    Kate joined CEPA as a Senior Advisor in September 2013 with over twenty years of corporate finance and related commercial experience in the infrastructure sector across regulated utilities, the transport sector and large scale projects in the public and private sectors. Prior to joining CEPA she was a Director at the Department for Transport where she built and led a highly regarded in house corporate and infrastructure finance team which brought a new commercial capability to transport investment projects there.

    At the Department for Transport, project highlights include: the commercial structuring and successful negotiations of the financing of the (£5.4bn) PPP-style Intercity Express Programme to replace the existing High Speed Train fleet, one of the largest infrastructure greenfield financings in Europe in the last three years; the restructuring of London and Continental Railways (LCR) and the subsequent £2.1bn sale of the High Speed 1 concession; and structuring the private sector elements of the funding package for Crossrail (£14.8bn). She specialised on investment and financial framework issues with the economically regulated companies, Network Rail, and BAA (Heathrow Holdings). Her team instigated the update to economic regulation after the BAA takeover by the Ferrovial-led consortium and led for the Department on financial framework issues for Network Rail’s periodic reviews for CP4 and CP5, significantly influencing the outcomes to fit the particulars of UK rail. She was also involved in strategic policy work, particularly in relation to commercial models for the UK Strategic Road Network, HS2 and the Rail reform agenda.

    She is a corporate finance specialist by background. She has extensive financing transaction experience at investment banks SG Warburg/UBS and Goldman Sachs, with particular emphasis on the regulated electricity and water, as well as transport, sectors.

    file.jpeg Julian Schweitzer Senior Advisor
    Julian is a Senior Advisor and Senior Fellow at the Results for Development Institute with over 30 years’ experience in global health and development.
    Julian Schweitzer
    Senior Advisor
    Profile

    Julian is a Senior Advisor in CEPA's Global Health team,  with over 30 years’ experience in global health and development. He was previously Director of the Health, Nutrition and Population Department and Acting Vice President for Human Development at the World Bank and during this time provided strategic leadership to the Bank’s support for Results Based Financing. Since 2010, he has consulted for the World Bank, Asian Development Bank, African Development Bank, the UN Foundation, the Partnership for Maternal, Newborn and Child Health (PMNCH), WHO, the Centre for Health Market Innovations, the Overseas Development Institute, the Global Fund and Gavi on issues related to international health and inclusive growth.

    Julian has served on the Boards of various international health partnerships including the Global Fund, Gavi, the Health Metrics Network and The Global Health Workforce Alliance. He was Chair of the Board for PMNCH in 2009/10 and helped provide new strategic direction to the Partnership in the run up to the 2010 Women Deliver conference and MDG Summit. He has worked extensively with the Partnership over the past few years and was co-author of the 2014 Success Factors study. Recently, Julian was part of the core team which prepared the 2016-30 Global Strategy for Women’s, Children’s and Adolescent’s Health and has helped conceptualize and implement the Strategy’s accountability framework.

  • P1010013-opt.jpg Geoff Tyler Senior Advisor
    Geoff is an agribusiness specialist with over 40 years’ experience of supporting investment, value-chain development and policy-related issues that impact the agricultural sector in emerging markets.
    Geoff Tyler
    Senior Advisor
    Profile
    Geoff is an agribusiness specialist with over 40 years’ experience of supporting investment, value-chain development and policy-related issues that impact the agricultural sector in emerging markets. Since 2000, Geoff has been an independent consultant, advising on agribusiness policy and performing reviews of existing and planned agribusinesses ventures for a variety of clients, including the World Bank, IFC, CDC and private companies.

    In recent years he has been a senior advisor for AgDevCo, FARM Africa, the Gatsby Foundation and the Tenet Investment Company. As a Member of  the AgDevCo Investment Committee and the FARM Africa Programmes Advisory Committee, Geoff has advised both institutions on the viability of proposed agribusiness projects across many countries in SSA. At the Gatsby Foundation Geoff has provided strategic advice to help shape the design and implementation of their various interventions in Africa.

    Between 1983-2000, Geoff worked for CDC, initially as an agricultural economist and then as the Country Manager for Zambia; New Business Manager for West Africa and South Asia; and lastly as Director for Agribusiness, Food and Beverages.

    During his time with CDC, Geoff formulated and negotiated venture capital investment packages (equity and mezzanine) for Management Buyouts, corporate restructurings and business expansions, as well as identified targets, and leading teams preparing bids, for privatizations and private sector acquisitions. He also undertook due diligence studies and negotiated long term, non-recourse debt facilities. Geoff served as a chairman or director of several major agribusiness enterprises in Zambia.

    Geoff’s early career included 2 years in the Ministry of Agriculture in Malawi, and 3 years with Tate and Lyle Technical Services, specialising in the cane-sugar industry. He has been working with CEPA since 2009.
    Richard-Roger-opt.jpg Richard Rodger Head of Marketing
    Richard is responsible for CEPA's marketing, communications and business development.
    Richard Rodger
    Head of Marketing
    Profile

    Richard joined CEPA in October 2016, in a new role that was created to support CEPA’s continuing growth and client relationships. He is responsible for the firm’s marketing, communications and business development, and is keen to ensure the continuing delivery of top quality policy advice that meets the needs of CEPA’s clients.

    Previously in a similar role for a leading set of barristers’ chambers and having spent nearly 20 years working in the professional services sector, Richard has extensive experience across a broad range of global, on and off-line marketing campaigns and projects.

    Contact:

    T.  +44 (0)20 7269 0210
    D. +44 (0)20 7269 0212
    M.+44 (0)7900 801 316

    E. richard.rodger@cepa.co.uk

  • CB.jpg Cheryl Baum Principal
    Cheryl joined CEPA in 2015 as a Principal. She has many years of experience in economic and policy consulting, specialising in project management and stakeholder engagement.
    Cheryl Baum
    Principal
    Profile

    Cheryl joined CEPA in 2015 as a Principal. She has many years of experience in economic and policy consulting, specialising in project management and stakeholder engagement. In particular, she has significant experience of managing large consulting assignments for international agencies, government departments and commercial organisations. These have frequently been in the infrastructure sectors and in transitional and less developed economies.

    Prior to joining CEPA, Cheryl was a Senior Strategy Manager in the Policy and Markets team at the Carbon Trust. At the Carbon Trust, she managed projects in Mexico, Brazil, and China, including the design of a large energy efficiency programme for Mexican SMEs. She also co-authored a study for the World Bank on Building Competitive Green Industries: The Climate and Clean Technology Opportunity for Developing Countries.

    Previous to the Carbon Trust, Cheryl was a Senior Manager at Adam Smith International in the Infrastructure and Climate Change Practice where she managed projects in the energy, water and ICT sectors in Sub-Saharan Africa and Latin America. Cheryl also worked as an economist at NERA Economic Consulting, her work focused on financial and public policy analysis in the context of litigation and regulation. As an ICT consultant for Infosys Consulting, she worked with large UK based retailers on strategic ICT projects.

    Cheryl holds a Master Degree in Public Policy from Harvard University and an Undergraduate Business Degree from McGill University.
     

    CEPA-Head-Shots-May2013-55-2507449724-O.jpg Joel Cook Principal
    Joel is a Principal at CEPA and has been heading up CEPA's office in Sydney, Australia since May 2015. He is an experienced economist having worked for numerous private sector and public clients relating to regulated utilities.
    Joel Cook
    Principal
    Profile

    Joel is a Principal at CEPA, having joined in 2009. Joel has been heading up CEPA's office in Sydney, Australia since May 2015.

    Joel is an experienced economist having worked for private sector and public clients across a number of different sectors including energy, water, transport and communications & media. The majority of his work is related to regulated utilities, either providing advice to the regulator or regulated entity.

    Joel provides clients with a range of advice on issues including market design, cost benefit analysis, financial modelling, cost of capital, demand forecasting and regulatory design. His main area of expertise is cost assessment and benchmarking, and he has provided advice on the scope for companies to achieve ongoing or ‘catch-up’ efficiency improvements to clients in the electricity, gas, rail, water and aviation sectors.

    Prior to joining CEPA Joel worked at the GB energy regulator, Ofgem, and the New Zealand Commerce Commission. Joel has an undergraduate and a post-graduate degree in economics from the University of Canterbury, New Zealand.

  • AH.jpg Attila Hajos Principal
    Attila is a Principal at CEPA, having joined in 2014. Attila is a specialist in the energy sector.
    Attila Hajos
    Principal
    Profile
    Attila Hajos is a Principal at CEPA with expertise in wholesale electricity market design, market power analysis, and electricity market modelling. He has assisted electric and gas utilities, transmission system operators, and market regulators with a wide range of energy market-related issues, including market design, market monitoring, regulatory filings, mergers, renewable integration, and demand response participation. As a consultant, he has worked on several high-profile engagements to review wholesale energy market designs. He has authored and co-authored a number of reports on energy markets.

    Attila joined CEPA in 2014, prior to which he held the position of Senior Associate at the Brattle Group, an economic consultancy on energy, finance, and competition, based in the United States. Prior to starting his consulting career, he worked on energy and environmental policy issues, including complex energy market modelling, at the Center for Energy, Economic and Environmental Policy at Rutgers University in New Jersey.

    Attila holds Masters Degrees in Economics from Rutgers University and Central European University, and a Masters and a Bachelors degree in Business Administration from Comenius University.
    KK.jpg Kaveri Kumar Principal
    Kaveri is a Principal at CEPA, where she manages our Global Health practice. Her expertise is in strategy development and review as well as evaluations of global health partnerships and their programmes.
    Kaveri Kumar
    Principal
    Profile

    Kaveri is a Principal at CEPA, where she manages our Global Health practice. Her expertise is in strategy development and review as well as evaluations of global health partnerships and their programmes. Some of her recent experience includes: an evaluation of the Gavi Alliance’s Health Systems Strengthening (HSS) support to Nepal, a value-for-money assessment of the Stop TB Partnership, support for the strategic review of the WHO Family and Community Health cluster, and a number of mid-term and end-of-project evaluations for UNITAID. Her experience extends across key health sectors including reproductive, maternal, newborn, child and adolescent health (RMNCAH), communicable diseases, immunisation, and nutrition, having worked for clients including the Gavi Alliance, WHO, UNITAID, Partnership for Maternal Newborn and Child Health (PMNCH), Reproductive Health Supplies Coalition (RHSC), the Stop TB Partnership, the Global Alliance for Improved Nutrition (GAIN) and a number of bilateral donors.

    Kaveri has developed a strong understanding of country health systems through in-country work in Ethiopia, Nigeria, Tanzania, Kenya, Uganda, Mali, Burkina Faso, Ghana, South Africa, India, Bangladesh, Nepal, Indonesia, and Uzbekistan. She is an economist by training with expertise in cost-benefit analysis, cost effectiveness analysis and health financing (global and country level). She conducted investment planning and costing studies on Civil Registration and Vital Statistics (CRVS) systems in a number of African and Asian countries.

    Kaveri has also supported CEPA’s Agriculture and International Infrastructure Sector, including projects with the World Bank, Private Infrastructure Development Group (PIDG) and the Alliance for a Green Revolution in Africa (AGRA). Previously, Kaveri worked with the Asian Development Bank, where she provided technical assistance to the Government of India on economic reforms and policy.
     

  • MO.jpg Michael Obanubi Principal
    Michael is a Principal at CEPA having joined the firm in 2008. During his time at CEPA Michael has worked across CEPA Sectors.
    Michael Obanubi
    Principal
    Profile
    Michael is a Principal at CEPA having joined the firm in 2008. During his time at CEPA Michael has worked across CEPA Sectors.

    In CEPA’s emerging markets practice he has been responsible for managing a number of projects that have involved the provision of strategic and economic advice on infrastructure development/ PPPs/ and programme design for clients such as the World Bank, the EBRD and DFID. He has also worked across CEPA’s economic regulation practice leading work for clients such as Monitor, Ofgem, Centrica on assignments that have involved econometrics, economic modelling, economic appraisal & impact assessment and more general economic policy design and implementation.

    Prior to joining CEPA Michael worked as an economist at HM Treasury, and before that spent three years working as an economist through the ODI Fellowship.  He holds an undergraduate degree from Warwick University and a post-graduate degree from the University College London, both focused on Economics. He also holds qualifications in Advanced Econometrics and Public Finance from the LSE, and additional postgraduate qualifications in Economic Appraisals and Privatisation & Public Private Partnerships from SOAS.

    IV.jpg Ivan Viehoff Principal
    Ivan joined CEPA as a Principal in 2014 with over 25 years of economic consulting experience at Booz & Co and NERA.
    Ivan Viehoff
    Principal
    Profile
    Ivan Viehoff joined CEPA as a Principal in 2014 with over 25 years of economic consulting experience at Booz & Co and NERA Economic Consulting.  His scope of work covers project appraisal, procurement, regulation and market design across several market sectors.

    Ivan is an expert in the procurement of railway services, infrastructure and other concessions.  He has worked for public authorities in the UK and abroad on appraisal of schemes, and financing and structural options for procurement.  He has also worked for both procurers and bidders in the details of running tenders and submitting bids.  He specialises in cost benefit analysis, business modelling and contractual incentives.

    Ivan has worked on regulatory efficiency studies in rail and aviation, both on-going operations and specific large investments.  He has advised on the cost of capital.  He has consulted on regulatory incentives and the structure and design of price control formulas in aviation and transport services. He has managed projects for the EC assessing the benefits of further integration of the electricity market, and market design to deliver that integration.

  • TC.jpg Tom Cochrane Managing Consultant
    Tom is a Managing Consultant at CEPA. Since joining in 2009 he has provided economic, financial and regulatory advice.
    Tom Cochrane
    Managing Consultant
    Profile

    Tom is a Managing Consultant at CEPA. Since joining in 2009 he has worked across CEPA’s sectors, providing economic, financial and regulatory advice to companies, Government departments, industry regulators and major donor agencies.

    In the UK, Tom has worked on financial issues in most regulated sectors, including Energy, Water and Transport Sectors on financial issues in most regulated sectors. He has been a key part of CEPA teams advising Centrica, Thames Water and BA on cost of capital issues in relation to price controls, and has recently been working with Ofgem in relation to its proposed regime for interconnectors. He also has experience in energy retail markets, having supported Ofgem in developing its Retail Market Review (RMR) proposals.

    Tom has also worked in CEPA’s Agriculture and Global Health sectors. Most recently he has provided transaction advice and support for the Zambian Ministry of Agriculture as it looks to invest in irrigation infrastructure in support of smallholder farmers. He has also worked on CEPA’s Second Evaluation of GAVI, and provided strategic advice and financial modelling support to the WHO.

    Before joining CEPA, Tom spent three years at the strategy consultancy Oliver Wyman, where he focused on the retail sector in the UK and the US. He also worked as an academic econometrician at the University of Bristol following his Master’s degree in Economics, and holds an undergraduate degree in Economics & Management from the University of Oxford.

    FD-opt-1-.jpg Fernando Dominguez Managing Consultant
    Fernando joined CEPA as a Managing Consultant in 2016. He has ten years of experience as a regulation and competition economist, specialising in the regulated network industries.
    Fernando Dominguez
    Managing Consultant
    Profile

    Fernando Dominguez joined CEPA as a Managing Consultant in 2016. He has ten years of experience as a regulation and competition economist, specialising in the regulated network industries. He has provided strategic and commercial advice to some of Europe’s leading utility companies such as National Grid, EirGrid, Thames Water, UKPN and British Gas. His work for these companies has covered a range of topics including cost assessment, incentive design and compliance. Fernando has also advised government and regulators such as the Essential Service Commission in Australia and the Water Supply Department in Hong Kong in the development of new policies and regulation for the water sector.

    Fernando has gained a depth of experience leading in policy development from his time at Ofwat and KPMG. During his five years at Ofwat, Fernando supported the development of policies implemented during their price control reviews. During that time Fernando worked with other organisations such as the Office of Fair Trading and the Environment Agency to develop common projects aimed at ensuring the efficient use of the resources. 

    Fernando has a PhD in Competition and Regulation Economics from the European University Institute. He also has two MAs in Economics and Business Management from the Public University of Navarra.

  • PF-Oct14.jpg Paget Fulcher Managing Consultant
    Paget joined CEPA in 2008. He is a Managing Consultant specialising in economic regulation and public policy analysis.
    Paget Fulcher
    Managing Consultant
    Profile

    Paget joined CEPA in 2008. He is a Managing Consultant specialising in economic regulation and public policy analysis. His work focuses on industries characterised by Government intervention or oversight, and spans CEPA’s Energy and International Infrastructure Sectors. He covers these issues primarily in the UK but also has experience in other countries.

    He is an experienced analyst and modeller, providing economic critique and financial analysis to our clients. His work has spanned most elements of the energy industry from the modelling of feed-in tariffs for small-scale renewable electricity generation to forecasting the security of electricity and gas supplies. In the utility sector he has examined many issues surrounding the cost of capital, incentive design and corporate governance arrangements. In the infrastructure sector he has worked on issues in Public-Private Partnerships and project finance.

    Paget joined CEPA following the completion of his graduate studies in Economics at the University of Cambridge where he specialised in industrial organisation and the economics of networks. He previously worked as a Research Assistant at a boutique investment bank. As an undergraduate, Paget achieved his degree in Economics from the London School of Economics. He also recently completed a Diploma in Business Finance at the National University of Colombia.

    BS-profile-opt.jpg Ben Shafran Managing Consultant
    Ben is an experienced regulatory economist and manager. He has worked in both the UK and Australia on energy regulation. Prior to re-joining CEPA, Ben was Policy Director at the Australian Energy Market Commission (AEMC).
    Ben Shafran
    Managing Consultant
    Profile

    Ben Shafran is an experienced regulatory economist and manager. He has worked in both the UK and Australia on energy regulation. Prior to re-joining CEPA, Ben was Policy Director at the Australian Energy Market Commission (AEMC). Ben’s experience also includes key roles in major regulatory projects in both the energy and healthcare sectors in the UK.

    Ben has a track record of providing innovative solutions to complex policy questions, delivering high-profile projects and communicating technical concepts clearly to a range of audiences. He developed and implemented regulatory approaches that set the benchmark for innovation and transparency, while balancing the interests of consumers and investors. These include Ofgem’s RIIO (Revenue = Incentives + Innovation + Outputs) regulatory regime; the UK’s cap-and-floor regime for interconnectors; and a brand new approach to regulating the funding flows between the providers and purchasers of healthcare services in the UK. At the AEMC, Ben managed projects that covered a wide range of energy policy issues including: network charges, distributed energy resources, the regulation of storage “behind the meter”, wholesale market prudential arrangements, reliability of supply and metering and billing. 

    Ben has a Masters degree in Economics from University College London and a Bachelors degree in economics from the University of Leeds.

  • RoB.jpg Robert Bagnall Senior Consultant
    Robert is a Senior Consultant who has worked across a range of sectors since joining CEPA in September 2013. His background is in development economics.
    Robert Bagnall
    Senior Consultant
    Profile

    Robert is a Senior Consultant who has advised governments, international financial institutions, regulators and private companies since joining in 2013. Robert has worked across a range of sectors, including energy, transport, health, agriculture, financial services and publishing.

    Robert's work in the UK and Ireland has mainly focused on regulation and finance. This has included the development of new regulatory regimes and support during price reviews. For example, Robert has supported Ofgem during the development of its competitively appointed transmission owner (CATO) regime and has analysed financing options for a UK independent system operator. He has also advised clients on support mechanisms to enable private investment in infrastructure. For example, Robert recently advised the National Infrastructure Commission (NIC) on risk-mitigating mechanisms and public sector policies to support private investment in infrastructure. Other clients Robert has supported include Ofwat, the Civil Aviation Authority (CAA), EirGrid, the Rail Delivery Group (RDG) and Transport for London (TfL).

    Robert's work in emerging markets has involved advising governments and financial institutions on policies and interventions to improve private sector participation in infrastructure and agriculture. This has included advice to donors, development finance institutions, multilateral development banks and private sector developers. Robert's work has focused on policy design, economic and market due diligence and evaluations of donor interventions. Key clients have included the UK Department for International Development (DFID), the Private Infrastructure Development Group (PIDG), the International Finance Corporation (IFC) and Trademark East Africa (TMEA).

    Robert has also supported a range of institutions in global health, which has included reviews and evaluations of health programmes and policies as well as strategic support to global health partnerships. Recent clients have included the Global Fund to Fight AIDS, TB and Malaria, the Partnership for Maternal, Newborn and Child Health (PMNCH) and UNITAID.

    Robert graduated from the University of Bath with an MSc in Economics (Development). He also holds a bachelor's degree in Economics from Cardiff University.

    KF.jpg Kaylyn Fraser Senior Consultant
    Kaylyn is a Senior Consultant at CEPA, with project work predominantly focused on agriculture and infrastructure in Africa and Asia.
    Kaylyn Fraser
    Senior Consultant
    Profile

    Kaylyn is a Senior Consultant in CEPA’s Emerging Markets practice, and works across the practice’s agriculture, infrastructure and global health sectors. Her work is focused on the scoping, design, structuring, financing and assessment of facilities, initiatives, programmes, and projects that aim to improve economic and rural development across Africa and Asia.

    Her clients include governments, bilateral and multilateral donors, development finance institutions, social impact investors and foundations – with recent clients including the World Bank and International Finance Corporation (IFC), the Government of the Republic of Zambia, InfraCo Africa, the Gavi Alliance and the Private Infrastructure Development Group (PIDG).

    Kaylyn’s project work includes managing, conducting and supporting: transaction advisory services; programme and project design and feasibility; market analysis and economic due diligence; policy mapping and landscaping analysis; strategic appraisals, mid-term reviews and evaluations; as well as financial and economic impact modelling and analysis.

    Prior to CEPA, Kaylyn worked for the Government of Canada as a policy analyst, where she focused on the role of innovation policy on Canada’s agriculture sector.

    Kaylyn holds two postgraduate degrees: an MSc Economic History from the London School of Economics, and a Masters of Economics and Public Policy completed jointly between the École Polytechnique and the Institut d’études politiques de Paris (Sciences Po) in France. She also holds a Bachelor of Arts (Honours) in Economics and French from Dalhousie University in Canada.

    Kaylyn is fully bilingual in English and French, and has conversational abilities in Portuguese and Spanish.

  • EG-picture-opt.png Emmanuella Gentzoglanis Senior Consultant
    Emmanuella joined CEPA as a Senior Consultant in 2017. She has worked extensively in the energy and water sectors in the UK, Canada and France and has expertise in economic regulation, policy and strategy.
    Emmanuella Gentzoglanis
    Senior Consultant
    Profile

    Emmanuella joined CEPA as a Senior Consultant in 2017. She has worked extensively in the energy and water sectors in the UK, Canada and France and has expertise in economic regulation, policy and strategy. Her clients include private sector companies, regulators, governments and trade bodies.

    Emmanuella previously worked in Advisory at KPMG UK where she provided advice to companies on retail competition in the energy and water sectors and assisted a large water and wastewater company with regulatory reporting to Ofwat. She also led and contributed to projects involving economic analysis, policy recommendations, scenario development and modelling in the conventional and unconventional gas sectors for Government and large utilities. Additionally, she provided regulatory due diligence services to a private equity firm.

    Previously, Emmanuella worked as an Economic Consultant for an energy consultancy in France. Prior to this, she worked as a Regulatory Affairs Advisor for a Canadian GDN where she coordinated special project applications filed with the Provincial Energy Regulator.

    Emmanuella holds two postgraduate degrees; an MSc in the Electric Power Industry from ICAI School of Engineering (Comillas Pontifical University, Spain) and a Master’s degree in Numerical Economics and Network Industries from Paris Sud XI University. She also holds a Bachelor of Commerce in Finance and Economics from the John Molson School of Business (Concordia University) in Canada. She is a PRINCE2® Registered Practitioner in Project Management.

    LH-JC-2111-1401bw-opt.jpg Lewis Heather Senior Consultant
    Lewis joined CEPA as a Senior Consultant in 2016. He has expertise performing economic analysis and designing policy across the electricity and gas market supply chains.
    Lewis Heather
    Senior Consultant
    Profile

    Lewis joined CEPA as a Senior Consultant in 2016. He has expertise performing economic analysis and designing policy across the electricity and gas market supply chains. He has led projects both in the UK and in the EU, covering a range of topics such as consumer decision making, policy evaluation and trialling, security of supply and incentive design.

    Lewis previously worked at Ofgem, where he engaged extensively with the Competition and Markets Authority (CMA) on the package of remedies developed under its energy market investigation. Building on his academic training in behavioural and experimental economics, he has applied behavioural insight to the development of consumer-facing policy and retail market design, and was integral to the building of a new behavioural insights unit at Ofgem. He has designed policies and initiatives to engage consumers in the market and has used experimental approaches to test these policy interventions. Lewis supported the design of policy evaluation, including randomised controlled trials (RCTs), and authored Ofgem’s guidance to suppliers for trialling new initiatives. Lewis has also been involved with the UK Competition Network, working with other sectoral regulators on the use of behavioural insight and experimental methods.

    Lewis also combines engineering and economic training to provide unique insight into wholesale market design and policy. Lewis led the development, implementation and close-out of incentives to drive efficiency and effectiveness on the actions of the gas and electricity system operators (applying to costs of around £1 billion per year). Prior to this he was responsible for designing and performing cost benefit analyses of potential interventions into the wholesale gas market as part of an Ofgem team reviewing gas security of supply for a government Minister.

    Lewis has an MSc in Economics from Pompeu Fabra (Barcelona Graduate School of Economics) and an MEng in Aerospace Engineering from the University of Manchester. 

  • NH.jpg Nick Hodges Senior Consultant
    Nick is a Senior Consultant at CEPA who has experience in regulation, working across sectors in providing economic and financial advice.
    Nick Hodges
    Senior Consultant
    Profile

    Nick is a Senior Consultant at CEPA who has experience in network regulation, since joining in 2011 after completion of an MSc in Public Policy from University College London.

    Nick has worked extensively in the energy sector; on network regulation and on renewable energy projects. On network regulation, Nick has worked on the RIIO price controls for Centrica since joining CEPA, looking at the individual aspects of the regulatory regime, as well as working for the two Irish energy regulators, CER and NIAUR. On renewable energy, Nick has worked on a secondment basis at Ofgem, looking at the regulatory framework for offshore wind and has looked at the benefits from the transmission regime.

    Nick has also worked in the transport sector – in aviation, Nick has been working for British Airways on the Q6 regulatory regime for BAA, and in the rail sector has worked for the Office of Rail Regulation (ORR) on multiple occasions. Nick has also analysed the Fare Adjustment Mechanisms in Hong Kong for the metro and bus systems. In the water sector, Nick has worked both for the regulator, Ofwat, and for a domestic private company.

    Nick has experience in a range of topics across the regulatory spectrum. Cost of capital based projects include work for the Australian Energy Regulator, the Energy Users Association of Australia, the Portuguese Secretary of State and EirGrid. Incentive mechanisms have been central for projects on behalf of Centrica and Ofwat, with specific focus on menu regulation. Benchmarking and efficiency analysis for the Dutch transmission system operator, TenneT, and on appropriate profit margins for PowerNI, further shows the range of work Nick has knowledge of.

    Nick has been involved in financial modelling throughout his time at CEPA and prior to this in his employment in the Economics Research team at HSBC Investment Bank. Projects have ranged from analysing the impact of statutory and regulatory ratios on financeability for IPART, the multi-sector regulator in New South Wales, to modelling the impacts of energy efficiency obligations in Northern Ireland, to journal access and pricing in CEPA’s Communications and Media practice area. Nick has also been involved in projects which have involved stakeholder engagement, including on projects for both Ofgem and the Department of Energy and Climate Change (DECC).

     

    DJ-Oct14.jpg David Jones Senior Consultant
    David is a Senior Consultant at CEPA, and has provided financial modelling, advice and analysis since joining in 2009.
    David Jones
    Senior Consultant
    Profile

    David is a Senior Consultant at CEPA, and has provided financial modelling, advice and analysis since joining in 2009. He has a broad range of experience having worked for companies, Government departments and regulators across CEPA’s UK Health, Communications & Media, Transport and Water Sectors. He has undertaken secondments at a large UK water company and Monitor, the UK health sector economic regulator, involving policy cost-benefit analysis, company performance assessments, and the development of regulatory licence conditions.

    David's key project experience includes: operating cost efficiency analysis and benchmarking for both the Civil Aviation Authority, the Office of Rail Regulation and the Dutch Competition Authority; cost of capital advice for British Airways and a large UK water company; and price control allowed revenue modelling for the Northern Ireland Utility Regulator. In addition, David has considerable expertise in financial modelling, having designed/refined several large financial models for NHS hospitals and funding bodies, which were used to support a multi-hospital reconfiguration business case and a sector-wide strategy for the commissioning of acute services.

  • IJ.jpg Ian Johnson Senior Consultant
    Ian is a Senior Consultant who joined CEPA in 2013, with a background in finance and economics. He is working across CEPA sectors.
    Ian Johnson
    Senior Consultant
    Profile
    Ian Johnson joined CEPA in 2013 and has an academic background in finance and economics. Since joining, Ian has worked primarily across CEPA's Water and Energy sectors.

    Ian has advised both Ofwat and Ofgem on price control and cost assessment issues. This has included advanced econometric modelling of UK water and wastewater companies for Ofwat’s PR14 price review and support on a long-term secondment basis to Ofgem’s distribution cost and outputs team, working towards the RIIO-ED1 price control determinations.

    Ian also updated DETI’s as well as DECC’s models for renewable energy support schemes and was involved in the benchmarking of offshore transmission operator (OFTOs) in the UK. He has also provided modelling support for an Australian electricity distribution company for their regulatory submission in response to AER’s proposed cost assessment methodology. Ian also conducted an economic evaluation of the night flight regime at Heathrow Airport and is currently supporting TfL in a review of London taxi market as part of the ULEZ scheme.

    Ian has completed an MSc in Financial Economics at the LSE as well as an Honours BSocSc with Specialization in Economics from the University of Ottawa in Canada.

    EPphoto2bw.jpg Ella Pybus Senior Consultant
    Ella joined CEPA in 2016 as a Senior Consultant. She has a background in corporate planning and financial analysis, with experience across the Australian, Malaysian and UK energy sectors.
    Ella Pybus
    Senior Consultant
    Profile

    Ella Pybus joined CEPA in 2016 as a Senior Consultant. She has a background in corporate planning and financial analysis, with experience across the Australian, Malaysian and UK energy sectors.

    Ella has provided support to utilities, government agencies and lenders on a range of issues, including financial modelling, investment appraisal, electricity tariffs and strategy development. She also has a strong understanding of corporate finance techniques, including WACC and capital structure reviews.

    Before joining CEPA, she worked as a financial analyst on EDF’s Hinkley Point C nuclear generation project in the UK, coordinating and challenging the medium-term budget. Prior to this she worked within Mott MacDonald’s power division, with key projects including: assessment of bidder models for DECC’s Carbon Capture and Storage Commercialisation Programme; a regulated retail tariff review for Sarawak Energy Berhad (SEB), a Malaysian electricity utility; and cost-benefit analysis of a proposed gas generation project in the UK.

    Over 2010 to 2012, she undertook a long-term capacity-building project with SEB in Malaysian Borneo, recruiting and training a team of financial analysts. This included leading the financial evaluation of over 5,000MW of proposed generation projects (hydro, gas, coal). In this role she also prepared financial analysis for several complex commercial negotiations, including tariffs for major industrial customers, a PPA to purchase the output of the Bakun hydroelectric facility and a Power Exchange Agreement for cross-border power supply to the neighbouring state of West Kalimantan.

    Ella holds an undergraduate degree in Economics from the University of Tasmania, Australia, and is currently completing an MSc in Regulation at the London School of Economics.

  • AV.jpg Andrei Vladareanu Senior Consultant
    Andrei is a Senior Consultant at CEPA. He is working on a range of projects across CEPA sectors and service lines.
    Andrei Vladareanu
    Senior Consultant
    Profile
    Andrei joined CEPA in 2013. He has a background in economic policy advisory and quantitative research methods. Since joining CEPA Andrei has worked on a range of projects across different areas with a particular focus on regulation in the energy and other regulated sectors both in the UK and abroad.

    His experience in the energy sector includes, for example, working on energy market design issues, market power analysis, market monitoring, energy market modelling and transmission charging design. He has worked on several high-profile projects for the Agency for the Cooperation of Energy Regulators (ACER), Ofgem and the Irish Commission for Energy Regulation (CER) as well as working for regulated network companies in Ireland and Colombia. In other sectors, Andrei has been involved in regulatory and incentives design aspects, setting up regulatory frameworks and cost assessments. His worked included benchmarking productivity gains in the water sector and advising the regulator on improving the specification and reliability of their unit cost models. Andrei has also worked on a review of charges and infrastructure management arrangements in the rail sector.  

    Before joining CEPA, Andrei worked for PwC and for the Romanian Parliament where he gained an understanding of energy policy formulation, regional development and tax optimisation. Andrei holds an MSc in Economic History from the London School of Economics and a BA in European Studies from Royal Holloway. Andrei is fluent in Romanian and Spanish and has working knowledge of French and Italian.
    LA.jpg Leandro Arias Associate
    Leandro joined CEPA as a Managing Consultant in 2012 and is now a CEPA Associate Advisor, working from Buenos Aires.
    Leandro Arias
    Associate
    Profile

    Leandro has joined CEPA as a Managing Consultant in 2012 and is now a CEPA Associate, working from Buenos Aires. He specialises in economic regulation. In his more than ten years of experience, he has advised companies, regulators and international organisations on issues relating to regulatory reform and price control reviews. Leandro specialises in CEPA’s Water Sector, and since joining, he has managed a number of projects for Ofwat and water companies related to the current reform of the water sector regulatory regime in England and Wales.

    Previously, Leandro worked at Oxera, where he participated in projects in the water, energy, telecommunications, post, transport, and financial services sectors, dealing with a broad variety of regulatory issues.

    Before joining Oxera, Leandro worked at Macroconsulting, undertaking projects mostly in developing countries. For example, he supported the Governments of Guinea Bissau and Cape Verde in the creation of multi-sector regulatory agencies, advised several Latin American and African regulators on financial issues, and delivered World Bank courses on utility regulation and financial modelling worldwide.

    Leandro has an MSc in Economics from City University, an undergraduate degree from the University of Buenos Aires and is fluent in Spanish, English and Portuguese.

  • MCo.jpg Matthew Cooper Associate
    Matthew is a health economist with extensive experience of undertaking qualitative and quantitative analysis for reviews/evaluations and other assignments related to communicable diseases.
    Matthew Cooper
    Associate
    Profile

    Matthew is a health economist with extensive experience of undertaking qualitative and quantitative analysis for reviews/evaluations and other strategic assignments related to RMNCAH, communicable diseases (i.e. HIV and AIDS, tuberculosis and malaria), immunization, health systems strengthening, and nutrition. He is currently working on the Global Fund’s 2017 Strategic Review, and recently acted as Senior Expert for an evaluation of UNICEF’s activities to eliminate mother to child transmission of HIV and scale up pediatric HIV/AIDS treatment and care. He has conducted evaluations and other assignments for the Gates Foundation, Unitaid, the Stop TB Partnership, Medicines Patent Pool, WHO, Gavi, GAIN, and DfID. Matthew worked closely with the Partnership for Maternal Newborn and Child Health (PMNCH) for several years, including for the project management and delivery of the 2013 Report on Commitments to the Global Strategy for Women’s and Children’s Health. He also developed a chapter of PMNCH’s 2013 Report on newborn health, and developed country case studies on progress towards MDGs 4 and 5. Matthew is familiar with the practicalities of grant making and development funding/financing through his work as Executive Director of the development finance charity ‘Enterprise for Development’ (EfD). He also contributed to a technical briefing paper on ‘Results Based Financing and Results Based Aid’. Matthew holds an MSc in Health Economics, Policy and Management from LSE.

    OBH-Oct14.jpg Oliver Bubb-Humfryes Consultant
    Oliver is a Consultant at CEPA having joined in 2014. He works across CEPA’s global health and regulation practices.
    Oliver Bubb-Humfryes
    Consultant
    Profile

    Oliver has supported CEPA’s work with global health donors and partnerships, regulators and financial institutions on a range of issues since joining CEPA in 2014. Oliver works mainly in CEPA’s regulation and global health practices.

    Oliver’s work in CEPA’s global health practice has included evaluations of organisations such as the Stop TB Partnership, and programmes such as UNITAID’s ‘Improving Severe Malaria Outcomes’ project. Oliver also provides ongoing technical and administrative support to the Partnership for Maternal, Newborn and Child Health, which has included support to updating the Global Strategy for Women’s, Children’s and Adolescents’ Health.

    In the regulated sectors, Oliver has advised the European Bank for Reconstruction and Development on developing and testing a methodology for calculating a “true” economic price of water and wastewater; and supported the development of regulatory research notes on the Weighted Average Cost of Capital for Gas Networks Ireland.

    Oliver holds a Master’s degree in Economics from the University of British Columbia, and a Bachelor’s degree in History and Economics from Oxford University. Between degrees he worked at Vivid Economics, where he was mainly involved in carbon-leakage modelling concerning the EU’s Emissions Trading Scheme.
  • LG-JC-2111-1092bw-opt.jpg Laura Grobicki Consultant
    Laura joined CEPA as a Consultant in 2016 and works mainly within CEPA’s Global Health sector.
    Laura Grobicki
    Consultant
    Profile

    Laura works within CEPA's Global Health sector. Her work has included conducting global heath evaluations, strategic reviews and value for money analyses within the areas of communicable diseases (HIV, tuberculosis, malaria), immunisation, health system strengthening and epidemic diseases. Laura has undertaken work with the Global Fund, GAVI Alliance, UNITAID, WHO, the World Bank, UNDP, country governments and NGOs. Working alongside international organisations and country governments, her work has been used to inform policy in various regions.

    Laura previously worked at University College London (UCL) in both the health economics team at the Institute for Global Health, and at the Institute for Health Equity. Among other projects, Laura conducted HIV allocation efficiency analyses, epidemiological projections and financial commitment studies for countries in West and Central Africa and Eastern Europe and Central Asia for the World Bank. In her work for UNDP, she co-designed a health impact assessment tool reviewing social, environmental and economic determinants of health, and health equity. She also conducted a review of health inequalities in Taiwan for the Taiwan Health Promotion Agency.

    Laura has a sound understanding of health systems having worked as a health care professional for five years in both high- and low-income settings and in rural and urban areas. She holds a MSc in Global Health and Development from UCL and a BSc from Curtin University of Technology, Western Australia.

    CO.jpg Chelsea Osinchuk Consultant
    Chelsea is a Consultant with experience advising on economic and financial issues for governments, international development organisations, utility regulators and utility companies.
    Chelsea Osinchuk
    Consultant
    Profile

    Chelsea is a Consultant with experience in the economic regulation of utilities. Her work spans the energy, water and transport sectors, both internationally and in the UK. Since joining CEPA in 2015, Chelsea has worked extensively on capital market and infrastructure finance issues, for economic regulators and for investors in regulated utilities. Chelsea has contributed to policy development of the Offshore Wind Transmission (OFTO) regime and has evaluated private sector OFTO tenders from Enhanced Pre-qualification through to Preferred Bidder Stage. She has also performed regulatory due diligence for infrastructure transactions and has undertaken complete price control reviews for electricity distribution and supply companies. 

    Chelsea has also contributed to CEPA’s emerging markets practice, assisting in policy development for global health organizations such as Gavi, Unitaid and WHO and undertaking investment scoping analyses for the International Finance Corporation (IFC) in developing economies.

    Prior to joining CEPA, Chelsea worked in capital markets for major global banks and for a large private foundation in New York City. She graduated from the University of British Columbia in 2014 with a Master’s Degree in Economics, focusing her studies in development economics and econometrics. She also holds a Bachelor of Commerce Degree in Finance from the Sauder School of Business at the University of British Columbia.

  • MR.jpg Margaret Riach Consultant
    Margaret is a Consultant at CEPA and is working on projects across CEPA sectors and service lines.
    Margaret Riach
    Consultant
    Profile

    Margaret is a Consultant who has been at CEPA since 2013. In our regulatory practice Margaret works mostly in the transport and energy sectors, assisting regulators, industry bodies and private companies. In rail she has worked on access charging projects for the Rail Delivery Group and Irish Rail, and also assisted ORR as part of their 2014 Retail Market Review. In energy she has worked with the regulators of Ireland and Northern Ireland on developing the new I-SEM arrangements, and was seconded to Ofgem to assist in developing their proposals for implementing the CMA’s recommended remedies for addressing adverse effects on competition in the energy market.

    Margaret has also undertaken projects in our international infrastructure practice which have largely focused around the issues faced in improving infrastructure provision in developing economies.



    HE-JC-2111-1248bw-opt.jpg Hugo Edwards Economist
    Hugo joined CEPA in 2016 with a background in environmental and health economics. He is an Economist working across all sectors.
    Hugo Edwards
    Economist
    Profile

    Hugo Edwards is an Economist at CEPA with a background in environmental economics. He joined in 2016 and works across all CEPA sectors.

    Hugo recently completed his Master’s degree in Economic Policy at University College London. During his studies he carried out econometric research on allowance price drivers in the EU Emissions Trading System. Previously, he has aimed to re-evaluate the long-run relationship between the US unemployment rate and output using an improved modelling approach.

    As an undergraduate, Hugo studied Economics at the University of Cambridge. Between degrees he worked in the investment management division of a global investment bank, and on data analysis at a private international foundation.

  • JG-JC-0711-1001bw-opt.jpg James Gillingham Economist
    James joined CEPA in 2016. He has a background in macroeconomic research, economic development and transport policy in the UK.
    James Gillingham
    Economist
    Profile

    James Gillingham is an economist at CEPA with a background in macroeconomic research, economic development and transport policy in the UK. He joined CEPA in October 2016 and is working across all sector areas within CEPA.

    Previously, James held a number of roles at HM Treasury. Most recently he worked on the UK government’s analysis of the long-term economic impact of leaving the European Union and the short-term implications of a vote to leave. His analysis included estimating the number of UK jobs linked to EU exports. He has also provided economic policy advice and research to support the government’s objective to rebalance economic growth across the UK regions and to develop a Northern Powerhouse.

    James has also advised HM Treasury ministers on issues across the rail industry and has secured approval for major new schemes like High Speed 2, Thameslink and Crossrail rolling stock procurements, and competitions for new train operating franchises. He holds a BA in Land Economy from the University of Cambridge.
    DM.jpg Daniel Mitchell Economist
    Daniel is an Economist at CEPA with a background in econometrics and economics. He joined CEPA in 2015 and is working across all sector areas within CEPA.
    Daniel Mitchell
    Economist
    Profile

    Daniel Mitchell is an economist at CEPA with expertise in applied econometric analysis. He joined CEPA in 2015 following completion of his Master’s degree in Econometrics and Economics, and is working across all sector areas within CEPA. To date, Daniel has worked for regulators, private companies and development finance institutions across sectors including energy, transport and infrastructure.

    Daniel has extensive experience in cost assessment and efficiency benchmarking. He is currently supporting the Northern Ireland Authority for Utility Regulation (NIAUR) by providing efficiency advice during RP6. Daniel is currently conducting comparative benchmarking analysis, which involves developing middle-up (i.e. total direct opex, total load-related capex) and top-down models using historical data from Northern Ireland Electricity Networks (NIEN) and electricity distribution network operators in Great Britain. Daniel is also supporting the Commission for Energy Regulation (CER) in Ireland in determining the allowed revenues for Gas Networks Ireland (GNI) at the fourth price control review (PC4).

    Daniel completed his Master’s degree in Econometrics and Economics at the University of York, where his focus was on econometric analysis using large data sets in time series, cross-sectional and panel data applications. Previously, Daniel has worked at the Department for Business, Innovation and Skills (BIS); Deloitte; and OnStream (a former National Grid company).

     

  • ES-JC-2111-1014bw-opt.jpg Emily Sprake Economist
    Emily joined CEPA in 2016 as an Economist. She works across all CEPA sector areas.
    Emily Sprake
    Economist
    Profile

    Emily Sprake is an Economist at CEPA with a background in economics and energy policy. She joined CEPA in 2016 and is working across all CEPA sector areas.

    Emily recently completed a Master’s degree in Economics and Policy of Energy and the Environment at University College London (UCL), where her studies were focused on environmental, climate and energy economics. Her original research focused on assessing the role of corporate governance in increasing the practice of Sustainable Forest Management and reducing deforestation globally, achieved through working alongside the CDP Forests department and accessing their database of company disclosures. Emily also holds a Bachelor’s Degree in Economics from Queen Mary, University of London. 

    AS.jpg Amanda Sharp Logistics Manager
    Amanda provides administrative support and is a key contact for office management.
    Amanda Sharp
    Logistics Manager
    Profile
    Amanda joined CEPA in 2005. She is responsible for all aspects of administrative office support to the consultants and directors of the company and key contact for office management.
  • RP.jpg Rakhee Pabari Finance and Operations Manager
    Rakhee supports the executive team at CEPA with the management of all day to day operational and financial responsibilities at the company.
    Rakhee Pabari
    Finance and Operations Manager
    Profile
    Rakhee supports the executive team at CEPA with the management of all day to day operational and financial responsibilities at the company. Rakhee joined CEPA in 2015, following 14 years of experience gained in the Financial Services sector, including roles at Renaissance Asset Managers and Barclays Capital.
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