Goldman Sachs infrastructure banker jumps to RBC

25 June 2019 - 12:00 am UTC

Antony Steinberg, Goldman Sachs head of infrastructure, power and utilities in Australia and NZ, will join RBC Capital Markets in September, according to sources close to the matter.

Steinberg will head up RBC’s Australian infrastructure team as a managing director and head of power, utilities and infrastructure, replacing Tim Foy, who left to join Jefferies in February, as reported.

After almost 12 years at Goldman Sachs, Steinberg left Goldman Sachs on Monday evening for a three-month gardening leave stint before starting at RBC.

He took over from Nicholas Forster as head of infrastructure at Goldman Sachs when Forster left for Citi in April 2017.

Steinberg has advised the NSW government on many of its recent privatisations, including the sale of 51% of the WestConnex motorway in 2018 and the state’s sale of several power assets, including the Colangra gas fired power station to Snowy Hydro and Vales Point coal plant to Sunsetpower International in 2015.

Along with Morgan Stanley and Aquasia he also advised a Transurban-led consortium that acquired Queensland Motorways from QIC in 2014.

A spokesperson for RBC declined to comment.

 

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