Rail Regulator appoints new Chief Economist

12 March 2001

ORR/04/01

Rail Regulator appoints new Chief Economist

The Rail Regulator, Tom Winsor, today announced the appointment of Tim Martin to the post of Chief Economist Designate at the Office of the Rail Regulator (ORR). In July, he will succeed Paul Plummer as Chief Economist and Director of Economics and Finance and will then become a full member of the ORR Board.

Commenting on this new appointment, Tom Winsor said:

"I am delighted that we have recruited Tim Martin for this senior appointment. As well as leading the ORR finance team, Tim will be heavily involved in the critical job of effectively implementing the periodic review, initially working closely with Paul Plummer to ensure a smooth handover in these important areas. Going forward we recognize the challenges which the industry faces in efficiently financing the considerable investment required and I believe that Tims experience and understanding of financial markets and techniques will be invaluable".

Notes for Editors

1. Tim Martin was previously a director in the utilities team at Chase JP Morgan providing financial advice to governments and regulated companies. Before joining Chase JP Morgan, Tim Martin was head of the Utilities team at Flemings. During the previous ten years he worked at Credit Suisse First Boston, Barclays de Zoete Wedd and Hill Samuel, advising on the privatisation of London Buses and British Airways and the electricity industry in Scotland and Northern Ireland.
2. Tim Martin is married, with two children, and commutes by train from his home in Warborough, Oxfordshire.
3. Tim Martin will take up his appointment at ORR with effect from Monday 2 April 2001.

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