PEREGRINE Capital has named Thomas Bispham as director and head of project finance. The finance position is a new position at the firm's Hong Kong headquarters. Mr Bispham was the managing director of Bear, Stearns and co-head of the project finance group in New York before joining Peregrine. He started his project finance career in 1972 in domestic and international power, toll roads, mining, oil and gas projects. Peregrine is sponsor of the Asian Infrastructure Fund which has targeted close to US$1 billion for investment in power, telecommunications and transport ventures. Managing director Fred Kinmonth said the move would improve the firm's project finance business.