Mediobanca hires Nowak as part of London push

Former Scotiabank infrastructure finance executive Mike Nowak has joined the Italian bank as it ramps up its presence in the UK.

Mike Nowak, who has spent the last five years in the global infrastructure finance group in the London office of Canada’s Scotiabank, has joined Italy’s Mediobanca.

Nowak joins Mediobanca in London as an executive director in the capital market solutions group. The move coincides with the Milan-based organisation’s plan to expand its presence in the UK’s capital city and make it the European centre for all its sector and capital markets teams.

As part of Scotiabank’s infrastructure finance group, Nowak was involved in European infrastructure financings and hedging and was an adviser or arranger on transactions worth more than a combined $25 billion.

He specialised in advising international clients on fundraising and M&A in sectors including regulated transmission, renewables and transport. He was financial advisor to Abu Dhabi’s TAQA on the $240 million sale of its stake in the NGT pipeline to PensionDanmark in November last year; and was arranger on the $3.5 billion acquisition of Finnish utility Fortum Finland by First State and Borealis in December.

Prior to his five years in the infrastructure finance group, Nowak was for two years part of the team responsible for developing the structured products and credit derivatives desk in Europe at Scotiabank.