James Stewart 

Chairman of KPMG's Infrastructure Practice, KPMG in the United Kingdom

James joined KPMG in May 2011. He is Chairman of KPMG’s Global Infrastructure practice. In the last six months James has visited some 30 countries to discuss their infrastructure investment plans.

Prior to joining KPMG, James was based in the Treasury as the CEO at Infrastructure UK (IUK). James’ role at IUK included the following:

  • Advising Ministers on policy issues relating to the infrastructure sector and the PFI and PPP market.
  • Publication of a UK Infrastructure Strategy on budget day in March 2010.
  • Publication of the National Infrastructure Plan, launched by the Prime Minister at the CBI Conference in October 2010.
  • Publication of the Infrastructure Cost Review in December 2010.
  • Managing the establishment of Infrastructure UK.
  • Managing senior stakeholder engagements with the public sector including the six permanent secretaries who sit on the IUK Advisory Council.
  • Leading IUK’s engagement at a senior level with external stakeholders in the UK and internationally including regulators and the private sector.

From May 2000 to December 2009, James was the CEO at Partnerships UK (PUK). James’ role at PUK included the following:

  • As CEO, working with the Board to set strategy and leading and managing a commercial people based business working in a public sector environment;
  • Providing support to Ministers and senior officials on policy issues in the infrastructure and public services sectors;
  • Playing a senior troubleshooting role on major infrastructure projects and programmes which included Crossrail, M25, Olympics and Allenby Connaught;
  • Acting as an international ambassador for the UK PFI/PPP market and providing strategic advice to Governments on the establishment of PPP programmes.


    Some particular examples of the roles played at PUK include:


  • In 2000/2001 he led the raising of £45m of equity capital for PUK as part of the sale of a 51% stake to private sector investors.
  • In 2001 he took a leading role in the establishment of the LIFT programme, which has now delivered over £2bn of investment in primary care facilities particularly in deprived areas.
  • In 2001 he advised the Government on the establishment of Network Rail.
  • In 2003 he established PUK Ventures, a venture capital business investing in spin out companies from public sector intellectual property.
  • In 2004 he took a leading role in the development of the Building Schools for the Future Programme (BSF) and the setting up of the NDPB,
  • Partnerships for Schools (PfS). BSF was a major policy initiative to transform educational standards by renewing or upgrading every secondary school in England.
  • In 2008/2009 he worked with the European Investment Bank to establish the European PPP Expertise Centre (EPEC). He also worked with the Treasury to put in place a plan to respond to the credit crisis and the lack of funding capacity in the UK infrastructure market.
  • In 2009 he led the development and creation of a new joint venture, Local Partnerships, between PUK and the Local Government Association to support community based public sector bodies in the improvement of infrastructure and public services. He also led the discussions on the establishment of Infrastructure UK
  • In 1999 to 2000 James was appointed Head of European project finance at Newcourt Capital, part of the CIT Group.  During this time James helped establish the Newcourt Capital European Project Finance Fund that was the first institutional debt fund.

    Previously, James spent fourteen years at Hambros and Société Generale.  His final position was Managing Director, Project Finance, and the Global Head of Infrastructure and Environment.

4th annual KPMG Global Power & Utilities Conference
7-8 October 2014
Park Plaza Riverbank
London, United Kingdom

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For enquiries regarding the KPMG Global Power & Utilities Conference please contact:

Peter Kiss

Peter Kiss

Head of Power & Utilities, EMEA



Peter Kiss


David Gascoigne

Partner and Head of Power & Utilities, KPMG in the UK

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