Consultancy Deloitte has expanded its London-based infrastructure capabilities with the recruitment of BNP Paribas’ head of corporate structured finance Philip Adam as a partner in its debt advisory practice, sources said.
He will be part of the debt advisory practice led by Chris Skinner, but will support the infrastructure M&A team for EMEA led by Charindra Pathiwille. The role will involve enabling clients to raise acquisition debt for transactions and also working on refinancings, a source close to the situation said, adding that he starts this week (beginning 24 June).
A spokesperson for Deloitte confirmed the appointment. BNP Paribas did not immediately respond to a request for comment. Adam could not be reached for comment.
His move to Deloitte comes after just 10 months at French bank BNP Paribas. Previously he spent more than 11 years at HSBC where he worked in debt advisory in the infrastructure and real estate group. Prior to that he worked at Deloitte’s rival KPMG and at Canadian bank CIBC.
Deloitte last year appointed Pathiwille as head of its EMEA infrastructure M&A team last year, in a reorganisation of the team following the departure of Jason Clatworthy, who was co-head of the team alongside David Scott.
Clatworthy now heads the Infrastructure Investors Services team at US consultancy Alvarez & Marsal.
Recent EMEA deals Deloitte has advised on include the acquisition of regional Finnish energy group Loiste by Infranode and Mirova; and First State raising a EUR 750m debt package to refinance its 900MW wind portfolio in Portugal and to finance future acquisitions, as reported.