Veteran JP Morgan investment banker Paul Ryan has been appointed chief executive of OECD infrastructure equity and debt at JP Morgan Asset Management – global real assets, the firm announced yesterday.
The newly created position, based in New York, will see Ryan report to Joe Azelby, head of JP Morgan Asset Management – global real assets. Ryan will oversee JP Morgan’s equity strategy and team – which will continue to be led by Mark Weisdorf, head of OECD infrastructure equity – as well as the firm’s infrastructure debt strategy and team, spearheaded by head of infrastructure debt Bob Dewing.
“Institutional investors […] are turning to infrastructure in larger numbers and with greater allocations. Paul’s long experience and exceptional track record in all aspects of infrastructure advisory and investment will help investors access the benefits of infrastructure equity and debt and keep JP Morgan Asset Management at the forefront of this dramatic shift in asset allocations,” commented Azelby.
Prior to his appointment, Ryan was co-head of public finance banking at JP Morgan’s investment banking business, where he was responsible for transport and energy infrastructure. According to JP Morgan, Ryan pioneered some of the US’ earliest infrastructure deals, helping to structure, finance and advise on some of the country’s earliest toll road concessions, the first long-term commuter transit concession, and the largest operating wind farm in the US.
Ryan and his former team of investment bankers recently helped finance the largest desalination plant in the US, JP Morgan said.
JP Morgan Asset Management’s global real assets team boasts more than 400 professionals, managing $64.8 billion, including over $8 billion in infrastructure investments on behalf of institutional investors.
Other recent infrastructure hires included the appointment of Andrew Gilbert as investment principal for OECD equity infrastructure and Ashley Potter as senior loans officer for OECD infrastructure debt.
OECD stands for Organisation for Economic Co-operation and Development.