Infracapital, the infrastructure investment business run by insurer M&G Prudential, has recruited two ex-bankers as it aims to do more deals in the European energy sector.

The division, which manages £5bn, said on September 18 that it has recruited Christophe Bordes from Societe Generale, where he was head of power, utilities and infrastructure; and Herman Deetman, who held a similar role at HSBC before leaving in 2017 to found his own advisory boutique.