Neil Griffiths-Lambeth is an Associate Managing Director in Moody’s Infrastructure Finance team, based in London, and responsible for the rating agency’s coverage of regulated and unregulated utilities across EMEA. Over the course of his career at Moody’s, Neil has acted as lead analyst for a broad range of utilities and transport infrastructure companies. He has followed the UK water sector since 2008, writing extensively on regulatory and other developments and playing a key role in developing the rating agency’s strong reputation in the sector. As an authoritative independent commentator, Neil is a frequent speaker at conferences and other events. Moody’s has a leading global Infrastructure Finance franchise, rating some US$2 trillion of corporate and project finance securities, representing more than 90% of all public bonds issued globally in the sector. 140 analytical sector staff cover more than 1,000 infrastructure issuers globally. Moody’s EMEA team of 50 specialists is responsible for rating around 416 issuers. The rating agency covers more than 11,000 corporate issuers and 135 sovereign nations. Prior to joining Moody’s in 2007, Neil spent 15 years at Lazard. Over this period he advised a broad range of clients on raising finance in the public and private markets. Notable transactions included advising the UK Government on support and funding for Network Rail, Veolia on the acquisition and highly-leveraged financing of Southern Water, and Wind Telecommunicazioni on funding for its network roll-out. Neil read Mathematics at the University of Sussex and pursued postgraduate research at Imperial College, London.

David Black was appointed as Chief Executive in April 2022. Before that, he was interim Chief Executive of Ofwat from April 2021. Prior to this, he was Chief Regulation Officer at Ofwat and led the 2019 price review, securing significant investment to improve resilience and protect the environment, alongside lower bills for customers. David joined Ofwat in 2012 as Director of Economics and became a Senior Director in 2015.

Prior to joining Ofwat, David held a number of roles in economic consulting, advising on economic regulation, competition and financial economics in the communications and energy sectors. He has also worked at Oftel, New Zealand Treasury and New Zealand Commerce Commission.

Richard joined Thames Water in 2002 as Corporate Responsibility Director and led the company's engagement with external stakeholders from 2005 to 2019.  As Sustainability Director, Richard now focuses on the key issues of the environment, corporate responsibility and response to climate change, working in partnership with a wide range of stakeholders and local groups. He also leads the company's external engagement and partnership working on Healthy Rivers.

Richard has a degree in biological science from Reading University and served in the Royal Navy for 16 years.   He is an Honorary Fellow of the Chartered Institute of Water and Environmental Management and Chair of the Water and Sanitation for the Urban Poor charity.

Christine McGourty joined Water UK, the trade association representing all water and wastewater companies in the United Kingdom, as Chief Executive in 2019. She has extensive experience in regulated industries nationally and internationally, previously leading the corporate affairs functions at Centrica, British Gas and Energy UK, as well as serving as a non-executive board member at Smart Energy GB. 

Before joining Water UK she was Chief Corporate Affairs Officer at the FTSE-listed global engineering and technology company Laird plc. She joined the corporate world after 20 years in science journalism, having been Science Correspondent for BBC TV and Radio News, covering science, technology and environmental issues. She previously worked as Technology Correspondent for the Daily Telegraph and for the international science journal Nature, covering global science policy issues from London and Washington DC.

Graham Taylor is a Vice President – Senior Credit Officer in Moody’s EMEA Infrastructure Finance team, based in London. He is responsible for a portfolio of regulated and unregulated utilities in the United Kingdom. As a senior member of the analytical team, Graham has contributed to and/or coordinated a number of publications, in particular on energy market issues, and is a frequent speaker at investor events. Prior to joining Moody’s in 2015, Graham was City Advisor to Ofwat, the English and Welsh water regulator, through the 2014 Price Review. He was previously an equity portfolio manager at Legal & General, where he managed long-only and long/short funds and was responsible for coverage of UK utilities, transport and leisure, and health care. Graham started his career in the investment banking division of Credit Suisse in New York. He is a graduate of Queen’s University, Canada, and is a CFA charter holder. Moody’s has a leading global Infrastructure Finance franchise, rating some US$2trillion of corporate and project finance securities, representing more than 90% of all public bonds issued globally in the sector. 140 analytical sector staff cover more than 1,000 infrastructure issuers globally. Moody’s EMEA team of 50 specialists is responsible for rating around 416 issuers. The rating agency covers more than11,000 corporate issuers and 135 sovereign nations.

Christine McGourty joined Water UK, the trade association representing all water and wastewater companies in the United Kingdom, as Chief Executive in 2019. She has extensive experience in regulated industries nationally and internationally, previously leading the corporate affairs functions at Centrica, British Gas and Energy UK, as well as serving as a non-executive board member at Smart Energy GB. 

Before joining Water UK she was Chief Corporate Affairs Officer at the FTSE-listed global engineering and technology company Laird plc. She joined the corporate world after 20 years in science journalism, having been Science Correspondent for BBC TV and Radio News, covering science, technology and environmental issues. She previously worked as Technology Correspondent for the Daily Telegraph and for the international science journal Nature, covering global science policy issues from London and Washington DC.

David Black was appointed as Chief Executive in April 2022. Before that, he was interim Chief Executive of Ofwat from April 2021. Prior to this, he was Chief Regulation Officer at Ofwat and led the 2019 price review, securing significant investment to improve resilience and protect the environment, alongside lower bills for customers. David joined Ofwat in 2012 as Director of Economics and became a Senior Director in 2015.

Prior to joining Ofwat, David held a number of roles in economic consulting, advising on economic regulation, competition and financial economics in the communications and energy sectors. He has also worked at Oftel, New Zealand Treasury and New Zealand Commerce Commission.

Richard joined Thames Water in 2002 as Corporate Responsibility Director and led the company's engagement with external stakeholders from 2005 to 2019.  As Sustainability Director, Richard now focuses on the key issues of the environment, corporate responsibility and response to climate change, working in partnership with a wide range of stakeholders and local groups. He also leads the company's external engagement and partnership working on Healthy Rivers.

Richard has a degree in biological science from Reading University and served in the Royal Navy for 16 years.   He is an Honorary Fellow of the Chartered Institute of Water and Environmental Management and Chair of the Water and Sanitation for the Urban Poor charity.

Phil has over 25 years’ experience working for United Utilities. Prior to his appointment as CFO in July 2020, he was group controller where he was responsible for the group’s financial reporting and before that he was group treasurer with responsibility for funding and financial risk management. Having studied Mathematics (BSc) at Durham, he qualified as a Chartered Accountant (ACA) with KPMG in Manchester, before completing his Masters in Corporate Treasury (MCT).

In addition to his executive role, he is a member of the UK Accounting Standards Endorsement Board (UKEB), a body established by BEIS which is responsible for UK endorsement of international financial reporting standards following the UKs exit from the EU. He previously held a similar role as a UK representative on the European Financial Reporting Advisory Group (EFRAG) which advises the European Commission. He is a member of the 100 Group of Finance Directors and chairs the 100 Group Pensions Committee. He is also a non-executive director of Water Plus, a joint venture with Severn Tent serving business customers.

Phil lives in the Saddleworth area of Greater Manchester and is married with two teenage sons. With a passion for the outdoors, his family can often be found enjoying recreational time in the northern Lakes where they enjoy activities like dingy sailing and paddle boarding on Derwentwater, walking their favourite summer’s evening walk up Catbells, or cycling through Borrowdale and over the many passes back round to Keswick.

Stefanie Voelz is a senior analyst in Moody’s EMEA Infrastructure Finance team, based in London. She is currently responsible for a portfolio of regulated utilities and infrastructure issuers in the United Kingdom. Over an extended career in credit, Stefanie has developed in-depth knowledge of utilities and transportation infrastructure sectors across Europe. She is also an expert in the credit assessment of highly-covenanted financing structures in the regulated utility space as well as project financings.

Stefanie is Moody’s lead analyst covering UK Water and has published extensively on the sector. She is the lead author of Moody’s Rating Methodology for Regulated Water Utilities, last updated in June 2018. Stefanie has also been one of Moody’s lead commentators on European regulated networks.

Prior to joining Moody’s in October 2004, Stefanie worked in the credit department of Bankgesellschaft Berlin AG (now Landesbank Berlin AG) in London and Berlin, where she held portfolio responsibility for project finance transactions in the energy and infrastructure sectors.

Stefanie holds a degree in business administration (Diplomkauffrau) from the University of Applied Sciences in Berlin.

Neil Griffiths-Lambeth is an Associate Managing Director in Moody’s Infrastructure Finance team, based in London, and responsible for the rating agency’s coverage of regulated and unregulated utilities across EMEA. Over the course of his career at Moody’s, Neil has acted as lead analyst for a broad range of utilities and transport infrastructure companies. He has followed the UK water sector since 2008, writing extensively on regulatory and other developments and playing a key role in developing the rating agency’s strong reputation in the sector. As an authoritative independent commentator, Neil is a frequent speaker at conferences and other events. Moody’s has a leading global Infrastructure Finance franchise, rating some US$2 trillion of corporate and project finance securities, representing more than 90% of all public bonds issued globally in the sector. 140 analytical sector staff cover more than 1,000 infrastructure issuers globally. Moody’s EMEA team of 50 specialists is responsible for rating around 416 issuers. The rating agency covers more than 11,000 corporate issuers and 135 sovereign nations. Prior to joining Moody’s in 2007, Neil spent 15 years at Lazard. Over this period he advised a broad range of clients on raising finance in the public and private markets. Notable transactions included advising the UK Government on support and funding for Network Rail, Veolia on the acquisition and highly-leveraged financing of Southern Water, and Wind Telecommunicazioni on funding for its network roll-out. Neil read Mathematics at the University of Sussex and pursued postgraduate research at Imperial College, London.

Kate Kendall is a Director in the Future Assets and Resources team within Ofwat responsible for developing and implementing the commercial and regulatory frameworks for delivery of major infrastructure projects in the Water Sector including development and implementation of the Direct Procurement for Customers framework. 

Kate is an FCCA with extensive experience in regulation and in the delivery of large infrastructure across a wide variety of sectors across economic and social infrastructure for both the public and private sector.  Prior to working on major projects in the water sector she led Ofwat's Financial Resilience team and the Offshore Transmission & Electricity Interconnectors team in Ofgem.

Phil has over 25 years’ experience working for United Utilities. Prior to his appointment as CFO in July 2020, he was group controller where he was responsible for the group’s financial reporting and before that he was group treasurer with responsibility for funding and financial risk management. Having studied Mathematics (BSc) at Durham, he qualified as a Chartered Accountant (ACA) with KPMG in Manchester, before completing his Masters in Corporate Treasury (MCT).

In addition to his executive role, he is a member of the UK Accounting Standards Endorsement Board (UKEB), a body established by BEIS which is responsible for UK endorsement of international financial reporting standards following the UKs exit from the EU. He previously held a similar role as a UK representative on the European Financial Reporting Advisory Group (EFRAG) which advises the European Commission. He is a member of the 100 Group of Finance Directors and chairs the 100 Group Pensions Committee. He is also a non-executive director of Water Plus, a joint venture with Severn Tent serving business customers.

Phil lives in the Saddleworth area of Greater Manchester and is married with two teenage sons. With a passion for the outdoors, his family can often be found enjoying recreational time in the northern Lakes where they enjoy activities like dingy sailing and paddle boarding on Derwentwater, walking their favourite summer’s evening walk up Catbells, or cycling through Borrowdale and over the many passes back round to Keswick.

Stefanie Voelz is a senior analyst in Moody’s EMEA Infrastructure Finance team, based in London. She is currently responsible for a portfolio of regulated utilities and infrastructure issuers in the United Kingdom. Over an extended career in credit, Stefanie has developed in-depth knowledge of utilities and transportation infrastructure sectors across Europe. She is also an expert in the credit assessment of highly-covenanted financing structures in the regulated utility space as well as project financings.

Stefanie is Moody’s lead analyst covering UK Water and has published extensively on the sector. She is the lead author of Moody’s Rating Methodology for Regulated Water Utilities, last updated in June 2018. Stefanie has also been one of Moody’s lead commentators on European regulated networks.

Prior to joining Moody’s in October 2004, Stefanie worked in the credit department of Bankgesellschaft Berlin AG (now Landesbank Berlin AG) in London and Berlin, where she held portfolio responsibility for project finance transactions in the energy and infrastructure sectors.

Stefanie holds a degree in business administration (Diplomkauffrau) from the University of Applied Sciences in Berlin.

Roxana Tataru is a Director at Allianz Capital Partners. Since joining Allianz in 2017, she has been involved in the acquisition and management of several investments in the infrastructure sector. These include the UK’s largest water-only supply company, Affinity Water and Portuguese gas distribution network, Galp Gلs Natural Distribuiçمo. 

Prior to joining Allianz, Roxana spent five years at Royal Bank of Canada providing equity and debt financing advisory services in relation to assets in the European regulated utility, transportation and renewable space. Roxana holds a Bsc in Management, Accounting & Finance from Manchester Business School.

Neil Griffiths-Lambeth is an Associate Managing Director in Moody’s Infrastructure Finance team, based in London, and responsible for the rating agency’s coverage of regulated and unregulated utilities across EMEA. Over the course of his career at Moody’s, Neil has acted as lead analyst for a broad range of utilities and transport infrastructure companies. He has followed the UK water sector since 2008, writing extensively on regulatory and other developments and playing a key role in developing the rating agency’s strong reputation in the sector. As an authoritative independent commentator, Neil is a frequent speaker at conferences and other events. Moody’s has a leading global Infrastructure Finance franchise, rating some US$2 trillion of corporate and project finance securities, representing more than 90% of all public bonds issued globally in the sector. 140 analytical sector staff cover more than 1,000 infrastructure issuers globally. Moody’s EMEA team of 50 specialists is responsible for rating around 416 issuers. The rating agency covers more than 11,000 corporate issuers and 135 sovereign nations. Prior to joining Moody’s in 2007, Neil spent 15 years at Lazard. Over this period he advised a broad range of clients on raising finance in the public and private markets. Notable transactions included advising the UK Government on support and funding for Network Rail, Veolia on the acquisition and highly-leveraged financing of Southern Water, and Wind Telecommunicazioni on funding for its network roll-out. Neil read Mathematics at the University of Sussex and pursued postgraduate research at Imperial College, London.

David Black was appointed as interim Chief Executive of Ofwat in April 2021. Prior to this, he was Chief Regulation Officer at Ofwat and led the 2019 price review, securing significant investment to improve resilience and protect the environment, alongside lower bills for customers. David joined Ofwat in 2012 as Director of Economics and became a Senior Director in 2015.

Prior to joining Ofwat, David held a number of roles in economic consulting, advising on economic regulation, competition and financial economics in the communications and energy sectors. He has also worked at Oftel, New Zealand Treasury and New Zealand Commerce Commission.

Phil has over 25 years’ experience working for United Utilities. Prior to his appointment as CFO in July 2020, he was group controller where he was responsible for the group’s financial reporting and before that he was group treasurer with responsibility for funding and financial risk management. Having studied Mathematics (BSc) at Durham, he qualified as a Chartered Accountant (ACA) with KPMG in Manchester, before completing his Masters in Corporate Treasury (MCT).

In addition to his executive role, he is a member of the UK Accounting Standards Endorsement Board (UKEB), a body established by BEIS which is responsible for UK endorsement of international financial reporting standards following the UKs exit from the EU. He previously held a similar role as a UK representative on the European Financial Reporting Advisory Group (EFRAG) which advises the European Commission. He is a member of the 100 Group of Finance Directors and chairs the 100 Group Pensions Committee. He is also a non-executive director of Water Plus, a joint venture with Severn Tent serving business customers.

Phil lives in the Saddleworth area of Greater Manchester and is married with two teenage sons. With a passion for the outdoors, his family can often be found enjoying recreational time in the northern Lakes where they enjoy activities like dingy sailing and paddle boarding on Derwentwater, walking their favourite summer’s evening walk up Catbells, or cycling through Borrowdale and over the many passes back round to Keswick.

Christine McGourty joined Water UK, the trade association representing all water and wastewater companies in the United Kingdom, as Chief Executive in 2019. She has extensive experience in regulated industries nationally and internationally, previously leading the corporate affairs functions at Centrica, British Gas and Energy UK, as well as serving as a non-executive board member at Smart Energy GB. 

Before joining Water UK she was Chief Corporate Affairs Officer at the FTSE-listed global engineering and technology company Laird plc. She joined the corporate world after 20 years in science journalism, having been Science Correspondent for BBC TV and Radio News, covering science, technology and environmental issues. She previously worked as Technology Correspondent for the Daily Telegraph and for the international science journal Nature, covering global science policy issues from London and Washington DC.

Kate Kendall is a Director in the Future Assets and Resources team within Ofwat responsible for developing and implementing the commercial and regulatory frameworks for delivery of major infrastructure projects in the Water Sector including development and implementation of the Direct Procurement for Customers framework. 

Kate is an FCCA with extensive experience in regulation and in the delivery of large infrastructure across a wide variety of sectors across economic and social infrastructure for both the public and private sector.  Prior to working on major projects in the water sector she led Ofwat's Financial Resilience team and the Offshore Transmission & Electricity Interconnectors team in Ofgem.

Roxana Tataru is a Director at Allianz Capital Partners. Since joining Allianz in 2017, she has been involved in the acquisition and management of several investments in the infrastructure sector. These include the UK’s largest water-only supply company, Affinity Water and Portuguese gas distribution network, Galp Gلs Natural Distribuiçمo. 

Prior to joining Allianz, Roxana spent five years at Royal Bank of Canada providing equity and debt financing advisory services in relation to assets in the European regulated utility, transportation and renewable space. Roxana holds a Bsc in Management, Accounting & Finance from Manchester Business School.

Neil Griffiths-Lambeth is an Associate Managing Director in Moody’s Infrastructure Finance team, based in London, and responsible for the rating agency’s coverage of regulated and unregulated utilities across EMEA. Over the course of his career at Moody’s, Neil has acted as lead analyst for a broad range of utilities and transport infrastructure companies. He has followed the UK water sector since 2008, writing extensively on regulatory and other developments and playing a key role in developing the rating agency’s strong reputation in the sector. As an authoritative independent commentator, Neil is a frequent speaker at conferences and other events. Moody’s has a leading global Infrastructure Finance franchise, rating some US$2 trillion of corporate and project finance securities, representing more than 90% of all public bonds issued globally in the sector. 140 analytical sector staff cover more than 1,000 infrastructure issuers globally. Moody’s EMEA team of 50 specialists is responsible for rating around 416 issuers. The rating agency covers more than 11,000 corporate issuers and 135 sovereign nations. Prior to joining Moody’s in 2007, Neil spent 15 years at Lazard. Over this period he advised a broad range of clients on raising finance in the public and private markets. Notable transactions included advising the UK Government on support and funding for Network Rail, Veolia on the acquisition and highly-leveraged financing of Southern Water, and Wind Telecommunicazioni on funding for its network roll-out. Neil read Mathematics at the University of Sussex and pursued postgraduate research at Imperial College, London.

Stefanie Voelz is a senior analyst in Moody’s EMEA Infrastructure Finance team, based in London. She is currently responsible for a portfolio of regulated utilities and infrastructure issuers in the United Kingdom. Over an extended career in credit, Stefanie has developed in-depth knowledge of utilities and transportation infrastructure sectors across Europe. She is also an expert in the credit assessment of highly-covenanted financing structures in the regulated utility space as well as project financings.

Stefanie is Moody’s lead analyst covering UK Water and has published extensively on the sector. She is the lead author of Moody’s Rating Methodology for Regulated Water Utilities, last updated in June 2018. Stefanie has also been one of Moody’s lead commentators on European regulated networks.

Prior to joining Moody’s in October 2004, Stefanie worked in the credit department of Bankgesellschaft Berlin AG (now Landesbank Berlin AG) in London and Berlin, where she held portfolio responsibility for project finance transactions in the energy and infrastructure sectors.

Stefanie holds a degree in business administration (Diplomkauffrau) from the University of Applied Sciences in Berlin.

Graham Taylor is a Vice President – Senior Credit Officer in Moody’s EMEA Infrastructure Finance team, based in London. He is responsible for a portfolio of regulated and unregulated utilities in the United Kingdom. As a senior member of the analytical team, Graham has contributed to and/or coordinated a number of publications, in particular on energy market issues, and is a frequent speaker at investor events. Prior to joining Moody’s in 2015, Graham was City Advisor to Ofwat, the English and Welsh water regulator, through the 2014 Price Review. He was previously an equity portfolio manager at Legal & General, where he managed long-only and long/short funds and was responsible for coverage of UK utilities, transport and leisure, and health care. Graham started his career in the investment banking division of Credit Suisse in New York. He is a graduate of Queen’s University, Canada, and is a CFA charter holder. Moody’s has a leading global Infrastructure Finance franchise, rating some US$2trillion of corporate and project finance securities, representing more than 90% of all public bonds issued globally in the sector. 140 analytical sector staff cover more than 1,000 infrastructure issuers globally. Moody’s EMEA team of 50 specialists is responsible for rating around 416 issuers. The rating agency covers more than11,000 corporate issuers and 135 sovereign nations.