# ThomasLloyd

ThomasLloyd is a Bank / Wealth / Trust based in Pleasantville, Switzerland.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Pleasantville, Switzerland
- **Region:** Europe
- **Address:** Zurich, Switzerland
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** www.thomas-lloyd.com
- **LinkedIn:** https://ch.linkedin.com/company/thomaslloyd-group
- **Wikidata:** Q19653037

## About

ThomasLloyd is a leading independent European clean energy, technology and finance solutions provider with a focus on Asia. It offers an end-to-end energy transition service worldwide from a single source, providing bespoke emission reduction and complete active carbon removal solutions. Its strategic focus is on high-growth markets, particularly in the Asia-Pacific region, across clean energy and technology sectors. The firm specialises in the development, financing, construction, and operation of renewable energy projects.

## Sectors

- Energy Transition & Renewables
- Infrastructure

## Offices

- London, UK
- New York, USA
- Singapore
- Mumbai, India
- Manila, Philippines

## People

- Michael Sieg — Chairman and Chief Executive Officer
- Tony Coveney — Group Head of Asset Management

## Questions

### Who runs investment decisions at ThomasLloyd?

Michael Sieg, the founder and Chairman, serves as CEO and is the central figure in strategic and investment decisions. The firm's Group Head of Asset Management, Tony Coveney, oversees the operational performance of the portfolio. The listed ThomasLloyd Energy Impact Trust has its own board of directors, and in 2023 an activist campaign led to board restructuring intended to strengthen independence from the asset manager.

### Does ThomasLloyd participate in fund commitments or only direct deals?

ThomasLloyd invests directly in individual infrastructure projects rather than committing to external funds. The firm acts as a principal, taking development risk and retaining operational control of its assets. The listed vehicle was designed as a direct-investment company, though it acquired assets initially developed and owned by the private ThomasLloyd group.

### Which regions does ThomasLloyd avoid, and why?

ThomasLloyd explicitly avoids OECD markets and any renewable energy regime that depends on government subsidies or feed-in tariffs. The firm's thesis rests on the economic competitiveness of renewable power in high-demand, high-fossil-fuel-cost developing markets — principally India and the Philippines — where solar and biomass can underprice coal generation without policy support.

### What happened with the ThomasLloyd Energy Impact Trust in 2023?

In 2023, a group of shareholders led by activist investors pushed for a board overhaul at the listed trust, citing governance deficiencies, poor share-price performance, and concerns about related-party transactions with the private ThomasLloyd group. The dispute resulted in the removal of the trust's chair and the appointment of new independent directors (per the Financial Times, September 2023). The trust's portfolio valuation and the manager's fee structure were central points of contention.

## Related profiles

- [Thomas Wright Asset Management](https://altss.com/profile/thomas-wright-asset-management)
- [Thompson Davis Asset Management](https://altss.com/profile/thompson-davis-asset-management)

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Last updated: 2026-08-11T15:08:18.003Z

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