Gurjit Orjela, a former infrastructure director at HSBC, has joined Edmond de Rothschild’s (EDR) infrastructure debt team as a senior director.
Sources said that Orjela, who left HSBC last October after eight years at the bank, started his new role on Tuesday (4 February).
It follows EDR’s announcement last month that its Benjamin de Rothschild Infrastructure Debt Generation (BRIDGE) IV fund had reached final close at EUR 1.25bn, smashing its EUR 750m target.
EDR has been seeking to expand its debt team for over six months, sources said. EDR declined to comment.
Orjela, who has been on gardening leave since last October, worked as an infrastructure debt arranger and advisor at HSBC.
Another senior HSBC infrastructure advisor, Chris Quayle, also left the bank last October.
Qualye’s move followed the departures of HSBC infrastructure directors Gazal Heda, who joined RBC Capital Markets last April, and Will Devenney, who joined LGIM Real Assets in December 2018.
Before HSBC, Orjela spent three years as a project finance manager at the Bank of Ireland.
Apart from lending, EDR also provides advisory services. It recently advised the French Justice Ministry on the EUR 600m refinancing of the Paris High Court PPP in France.