Newmark Group Inc. (NASDAQ: NMRK) has hired Philip O’Bannon as senior managing director to lead its infrastructure capital markets business.
In this role, O’Bannon will be responsible for expanding Newmark’s advisory and capital raising capabilities across the full infrastructure investment spectrum, with a focus on data centers, power and utilities, energy transition and other large-scale infrastructure sectors.
O’Bannon joins Newmark from Citigroup, where he spent seven years in the power and utilities investment banking group, advising clients on over $50 billion of mergers and acquisitions, debt and equity capital markets transactions, and strategic matters across the energy and infrastructure sectors. Prior to his career in investment banking, O’Bannon began his professional life at Lockheed Martin where he led the mechanical engineering efforts for advanced submarine defense systems.
“Newmark continues to expand its comprehensive suite of capital markets services with strategic hires across the US,” said Douglas Harmon, co-head of US capital markets. “Philip’s appointment further augments our efforts in data center coverage, as well as across other large infrastructure sectors, and enhances our ability to deliver the best possible outcomes for our clients.”
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