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SMBC hires project bond specialist

Fabrizio Baicchi has joined SMBC Nikko Capital Markets from Citigroup to develop its project bond business.

SMBC Nikko Capital Markets, a subsidiary of Sumitomo Mitsui Financial Group (SMFG), has hired Fabrizio Baicchi as executive director in its structured finance DCM (debt capital markets) team in London.

According to a statement, Baicchi has joined in order to further develop SMBC Nikko’s project bond business.

He joins from Citigroup where he had a variety of roles across structured debt products over the last 15 years, including most recently as a director in project and infrastructure finance and project bonds.

The statement said Baicchi will bring “extensive structuring and bookrunner experience” to SMBC Nikko’s EMEA (Europe, Middle East and Africa) platform.

He will work alongside SMBC’s project finance team, leading project and infrastructure bonds in the energy, infrastructure and transport sectors.