Posted inPeople Moves

Stonepeak appoints Japan chairman

The alternative investment firm has hired the former Bank of America chairman of investment banking.

Stonepeak has announced that it has appointed Yuichi Jimbo as chairman, Japan, effective as of 1 July 2024. He will be based in Tokyo and will help to support the execution of Stonepeak’s investment strategies in Japan in addition to the firm’s broader business in Apac.

Jimbo (pictured) most recently worked at Bank of America as chairman of investment banking and vice chairman at BofA Securities Japan. Before joining Bank of America, he was deputy president and head of investment banking at Citigroup Global Markets Japan, where he also served on the board of directors and management committee.

Previously, Jimbo was deputy president and head of investment banking of JP Morgan in Japan. He began his career with the Bank of Tokyo (currently MUFG Bank).

“Stonepeak is an active investor in Japan with investments across digital infrastructure and renewable energy generation and storage, and we continue to see significant opportunities in Japan to invest across these core areas of focus,” said Hajir Naghdy, senior managing director and head of Asia and the Middle East, in a statement.

Headquartered in New York, with other Asia offices in Hong Kong and Singapore, Stonepeak is an alternative investment firm specialising in infrastructure and real assets with approximately $65.1bn of assets under management.

Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns.

Stonepeak, as a sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, and real estate.

Part of the Mark Allen Group.