UBS has hired Philippe Chryssicopoulos and Nikhil Prashar from BAML to join its power, utilities and infrastructure team, according to an internal memo seen by Inframation.
Chryssicopoulos, until now EMEA head of power, utilities and renewables investment banking at BAML, will hold the newly created role of global head of power, utilities and infrastructure.
He will report directly to Javier Oficialdegui, head of EMEA investment banking and capital markets.
Chryssicopoulos joined BAML in 1998, and was promoted to his current role in 2016.
Prakash, a director at BAML’s power, utilities and renewables investment banking division, will join Chryssicopoulos’ team as an executive director. Having started at BAML in 2010, he was promoted to director earlier this year. He previously spent three years as an associate at Charles River Associates.
They will both start in August and be based in London, strengthening the bank’s prioritised power, utilities and renewables team.
UBS advised on deals including the GBP 2.25bn sale of Green Investment Bank in 2017, one of five European deals last year, according to Inframation Deals data. It also had a role on the EUR 5.35bn sale of submetering firm ista.
BAML advised on eight European deals in 2017, including the Green Investment Bank deal, the EUR 1.5bn acquisition of a stake in Gas Natural Fenosa’s gas distribution business, and the GBP 1.48bn sale of High Speed 1.
BAML declined to comment. UBS confirmed the hires but declined to comment further.