RBC Capital Markets has hired Kay Stuart from Malaysian investment bank CIMB, to boost its infrastructure advisory team.
Ms Stuart has more than 12 years of direct experience in structuring and advising on infrastructure transactions in both Australia and the UK. Prior to her appointment with CIMB Kay was a Director with the PwC Infrastructure Advisory team in Australia (on secondment from PwC, UK since 2004).
Since joining CIMB in July 2007, Kay has acted in the financial and commercial advisory and principal role (equity) as well as leading the MLA role on various infrastructure and utility projects. Kay transferred to the investment banking (Infrastructure and Utilities) team in February 2010.
She advised the Queensland government on the A$15 billion Renewing Queensland infrastructure privatization program, including the sale of Abbot Point Terminal to India's Adani Group.
Kay is a member of the Institute of Chartered Accountants in Scotland and holds a LLB - Law (Hons) from Edinburgh University, UK.
Ms Stuart is expected to be joining RBC as director in the infrastructure team in February 2015, just as a slew of large-scale infrastructure transactions are set to kick off across Australia. The assets for sale include the multi-billion poles and wires assets in New South Wales and Queensland, as well as the lease of the Port of Melbourne.
RBC has already got one of the largest infrastructure advisory teams in Australia, and last month hired former Rothschild banker Simon Tan from KPMG. He will also be a director in the infrastructure team.