Infrastructure Investment Banking
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JPMorgan promotes Abularach and Johnson to lead infrastructure investment banking
Yahoo Financeยท 2025-09-11 16:36
Group 1 - JPMorgan Chase appointed Francisco Abularach and Michael Johnson as new global co-heads of infrastructure investment banking, indicating a strategic focus on this growth area as dealmaking increases in the sector [1][2] - Abularach joined JPMorgan after 26 years at Citigroup, while Johnson has been with the bank for seven years, previously serving as vice chair of investment banking focused on natural resources [2] - The new co-heads will report to Avery Whidden, the global head of infrastructure, who emphasized the importance of this leadership structure for strengthening the bank's position in the infrastructure sector [2][3] Group 2 - JPMorgan advised on significant deals, including an $8.5 billion transaction involving EQT Infrastructure and Zayo, and an equity recapitalization of Origis Energy exceeding $1 billion [3] - Investment banking revenue at JPMorgan is projected to grow in the low double-digit percentage range in Q3, following a notably busy summer [3] - The resurgence in deal activity has led to increased hiring, with JPMorgan adding over a hundred managing directors this year, including Stuart McIntyre from Citi [4] Group 3 - Mergers and acquisitions are expected to continue driving investment banking activity, with strong performance in initial public offerings and robust equity capital markets [5]