RBC Capital Markets appoints Alistair Sawers to head infrastructure
and project finance group for Western Region
Firm continues aggressive expansion of its U.S. infrastructure
platform
NEW YORK, November 2, 2006 — RBC Capital Markets
today announced that it has further bolstered its U.S. Infrastructure
and Project Finance Group with the appointment of Alistair
Sawers to head the firm's Western U.S. operations. The appointment
is the latest step in the firm's rapidly ongoing expansion
of its U.S. infrastructure finance business and comes on the
heels of its recent expansion into the Australian market with
the establishment of an infrastructure team in Sydney.
Sawers joins RBC as a Director and will immediately assume
responsibility for the firm's Western Region operations. He
will be based in Boston briefly before relocating to San Francisco
early next year.
"We are very pleased to be joined by someone of Alistair's
caliber and experience," said John Hastings, Head of
RBC Capital Markets' U.S. Infrastructure and Project Finance
Group. "His success in Europe combined with his U.S.
experience makes him a very valuable addition as we continue
to build on our unique ability to combine local knowledge
with global expertise in serving both our U.S. and international
clients."
Sawers has a wealth of infrastructure and project finance
experience, having worked on a wide range of projects, including
the BART's Oakland Airport Connector, the M6 toll road in
the UK, the Arlanda Express in Sweden, and the RAV rapid transit
line in Canada. He has worked on more than 30 transactions
in 12 countries over the past few years.
He was most recently with Ernst & Young, where he headed
the firm's U.S. Transportation PPP (public/private partnerships)
Advisory team, advising U.S.-based clients on PPP initiatives.
Sawers had previously led the firm's focus on highways in
its London office, including advising on the $6 billion Moscow-St.
Petersburg Highway and for Strabag on the E18 road in Norway.
Prior to that he was with AMEC, a project sponsor, in the
UK and before that spent six years with Bank of America Project
Finance, including two years in San Francisco.
"I think this is a brilliant time to join such an aggressively
expanding team. Having used RBC Capital Markets as a financier
in my past work as a sponsor/investor, I have the utmost regard
for the institution and its staff," Sawers said. "I
look forward to helping the bank achieve the same level of
pre-eminence in the U.S. market that it enjoys in the UK and
Europe."
RBC Capital Markets has added six senior professionals to
its U.S. Infrastructure and Project Finance practice in the
past six months alone. The moves build on the firm's longstanding
infrastructure capabilities in the UK, Europe and Canada.
"The continued growth of our Infrastructure and Project
Finance practice is a clear priority for RBC Capital Markets
as we continue to integrate our strong U.S. public finance
business with the firm's top tier global practice in debt
structuring and infrastructure finance," said Chris Hamel,
RBC Capital Markets' Head of Municipal Finance Banking.
About RBC Capital Markets Global Infrastructure Finance
RBC Capital Markets is the corporate and investment banking
arm of RBC, and a leader in infrastructure finance. It provides
public and private sector clients across the globe with an
integrated service including asset advice, structuring and
capital underwriting, as well as advice to organisations operating
in the infrastructure and essential services sectors. The
firm is a specialist in the oil and gas, renewable energy
and waste, transportation and utilities sectors with more
than 60 dedicated executives across Europe, North America
and Asia.
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For further information, please contact:
Kevin Foster, RBC Capital Markets, (212) 428-6902, kevin.foster@rbccm.com
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