North America: QIC hires former CIBC banker in US expansion move

02 July 2018 - 12:00 am UTC

QIC Global Infrastructure hired former CIBC investment banker Aman Randhawa as a principal, Inframation has learned.

Randhawa, who starts on 2 July, will be based in New York initially leading QIC’s North American transport coverage, including overseeing origination and execution while helping manage existing assets.

The move comes amid an expansion of the QIC Global Infrastructure Team in New York. This includes hiring Julien Bruyneel, formerly of Greentech Capital Advisors, as an associate. Another associate, Anastasiia Bessonova, will meanwhile relocate from Sydney to New York this summer and retain her focus on the transport sector. The core team in New York will now comprise four investment professionals including Joshua Kaufman, manager in the energy and utilities sector team.

Randhawa had spent four years in CIBC’s infrastructure and power investment banking group, becoming executive director in January 2017. Prior that, he was in investment banking at Morgan Stanley. In the transport space, CIBC most recently advised Ontario Teachers Pension Plan (OTPP) on the recapitalization of Global Container Terminals (GCT) which resulted in IFM Investors and British Columbia Investment Management (bcIMC) taking minority stakes in the ports operator. Separately, the bank also advised on the Montreal Gateway Terminals Refinancing in 2016 and Bermuda Airport Redevelopment in 2017.

QIC Global Infrastructure’s US assets include an equity stake in Ohio State University’s parking facility and the Long Beach courthouse. 

QIC Global Infrastructure Fund raised AUD 2.35bn (USD 1.72bn) in its first fund, which closed in 2015. QIC invested in the US projects – which are not part of the first fund – prior to 2015.