People Moves, EMEA H1 2023 – Credit

23.08.2023

H1 of 2023 has been an interesting 6 months in the wider economy, which has seen increased interest rates and question marks around the certainty of the economy. Relative to the macroeconomic climate, the Infrastructure Credit market has had a stable start to 2023 with continued hiring across all levels, with the junior end of the market producing the most moves as it does every year. Although there have not been increased levels of hires across the Credit market in 2023 so far, relative to other sectors across the wider market, Infrastructure & Energy Transition remains a growing sector.

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Interestingly, the majority of hiring over the last 6 months has been within the Project Finance banks, with names such as Santander, Nord LB and CIBC leading the charge on a variety of growth hires and replacement hires. The Infrastructure Credit funds have had a slower start to the year on the hiring front, only making up circa 20% of the moves for H1 2023. Nonetheless there have been some interesting new build outs including Power Sustainable entering the European Infrastructure Credit market with 3 immediate hires, and Primate Capital AG expanding their presence in Frankfurt. Looking into H2 2023 we expect to see continued stable levels of hiring in the Infrastructure Credit market as it weathers the turbulent wider
market.

Nameesha Sharma
Principal, Credit

Since joining One Search in 2017, Nameesha has delivered over 100 searches in the infrastructure debt market and has built and developed strong relationships with some of the most prominent banks, debt funds and institutional investors, making her a household name in the industry in the UK and Europe. Nameesha has partnered with names such as Allianz Global Investors, Ares, Blackstone, CIBC, Investec, NAB and Vantage Infrastructure, amongst others, in the build out their infrastructure debt and project finance teams in the UK, France, Germany, Madrid and Austria amongst others.

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