TWO former senior RBS investment bankers have joined forces to launch an independent advisory business in the transport infrastructure sector, underscoring increased demand for expertise in infrastructure investment.
Justin Symonds, who was formerly head of transport and infrastructure at the bank and Charles Roast, ex-head of UK corporate finance, have set up Hillbrook Partners, a Victoria-based business providing strategic advice to investors in infrastructure and funds.
The company, which was set up about six weeks ago, is the first venture for the investment banking duo since they left RBS in January.
Symonds told City A.M.: “We reflected on the nature of what was happening in the market place and increasingly felt there was a potential opportunity. The market is active enough for our type of business.”
The move follows the decision by the bank in January 2012 to exit a number of key strategic areas, including corporate broking and M&A advisory, as it sought to shrink back the size of the bank.
Symonds and Roast currently have a raft of ex-RBS M&A infrastructure bankers working alongside them at the new firm, which is also set to offer private placement services.