Swiss Life Asset Managers has hired former OMERS Infrastructure director Ines Grund to lead its infrastructure equity asset management operations, a spokesperson told Infralogic.

Grund took over from Adolfo Pardo de Santayana, who recently stepped down as head of asset management for Swiss Life AM’s international infrastructure equity business, and “will pursue new challenges outside our company,” said the spokesperson.

Pardo, an experienced infrastructure industry executive, before joining Swiss Life AM in 2018 worked as head of corporate finance for Thames Tideway Tunnel, the infrastructure fund-owned company that operates London’s “super sewer”, and prior to that was a corporate finance director at Heathrow Airport.

As part of his role at Swiss Life AM, he sat on the board of portfolio companies including UK district heating platform Bring Energy, Spanish dark fibre provider Lyntia, Spanish gas distributor Nortegas, and also on Cellnex’s Swiss subsidiary, in which Swiss Life AM has a minority stake, according to Pardo’s LinkedIn profile.

Grund previously worked for Hudson Advisors, an asset management platform for private equity firm Lone Star, and served as director at OMERS Infrastructure focused on asset management in London for three years until December 2020. Earlier in her career, she worked at McKinsey & Company and Goldman Sachs.

“Ines brings extensive experience in M&A, consulting, and asset management across infrastructure and private equity, as well as operational expertise from working in a PE-backed company,” said the Swiss Life AM spokesperson.

The move comes as Swiss Life AM recently lost its head of value-add infrastructure equity, Gianfranco Saladino, who is set to join Morrison, Infralogic reported earlier this month.

Swiss Life AM’s international infrastructure equity team includes a flagship strategy focused on core and core-plus assets, a smaller and more recent value-add strategy, and renewables funds, as well as an infrastructure fund focused on retail investors.

The manager also has a separate strategy focused on domestic infrastructure, in joint venture with UBS Asset Management, and an infrastructure funds-of-funds.

Swiss Life AM manages around EUR 12.6bn of infrastructure equity assets, roughly equally split between assets held on behalf of its parent insurance arm, Swiss Life, and assets managed for third parties. It manages 15 funds and more than 80 underlying direct infrastructure investments, as of 30 June 2025.

The latest core and core-plus fund, Swiss Life Funds Global Infrastructure Opportunities IV (GIO IV), reached a first close at EUR 1.2bn in the third quarter of 2025 and is targeting EUR 2.5bn.

The value-add-focused Swiss Life Funds (Lux) ESG Global Infrastructure Opportunities Growth II, is targeting a final close of EUR 750m in 4Q26.