NEW YORK--(BUSINESS WIRE)--Crédit Agricole Corporate & Investment Bank -- the corporate and investment banking arm of the Crédit Agricole Group, the world’s ninth largest bank by total assets – announced today the appointment of Gerard R. Vincitore as a Managing Director in its Structured Finance Advisory Group for Americas, where he will head up advisory activities in the North American Power & Utilities Sector and in addition be involved in specific energy related transactions in the Americas. He will be based in New York City.
Credit Agricole CIB is a long-standing market leader in project finance both globally and in the US & Canada providing structured finance solutions through its Energy & Infrastructure business line. Regionally, the bank has been an innovative financier for a broad range of energy projects, including renewable and conventional power, distributed generation, gas transportation infrastructure, LNG export, petrochemicals, and other infrastructure projects.
Prior to joining Crédit Agricole CIB, Mr. Vincitore was a financial executive with the New York Power Authority (NYPA), the nation’s largest public utility, most recently as Senior Vice President of Corporate Finance. His responsibilities, in addition to corporate financial management, included identifying, evaluating, structuring, and supporting the implementation of Authority initiatives including new generation and transmission projects (both as owner or off-taker), customer financial offerings, energy policy projects, and mergers, acquisitions, and divestitures. He has successfully structured over 1500 MW ($2.0 billion) of new generation projects and 1100 MW ($1.0 billion) of transmission projects, including the negotiation of two major transmission development partnerships and advised on several key Authority energy policy initiatives (New York Energy Highway, k-Solar, etc.).
“The Power and Utilities sector is a key vertical within the Global Energy & Infrastructure Practice and a dominant part of our activity for more than 15 years. With Jerry’s appointment we will expand into advising on debt and equity capital raising and other strategic advisory services in this sector in North America, reflecting the evolution of our advisory practice globally. With over 18 years of experience, Jerry brings an extraordinarily deep understanding of the power sector with differentiating perspectives of the various stakeholders that will enrich our client engagement,” said Jaya Viswanadha, who heads the Structured Finance Advisory Group in Americas and to whom Mr. Vincitore will report.
Upon graduating college in 1998, Mr. Vincitore joined ABB Lummus Global, Inc. (now part of Chicago Bridge & Iron Company) as a Process Engineer in the Refining Technology Business Group, where he spent four years before moving to his first stint with the New York Power Authority (NYPA) as a Senior Investment Analyst and Portfolio Manager. He left the utility after two years for Natixis, an investment bank, before rejoining NYPA in 2009, rising successively in responsibility to his most recent position.
Mr. Vincitore holds a BS in Chemical Engineering from Manhattan College, a MBA from Fordham University and is a Chartered Financial Analyst.
Crédit Agricole CIB, a Global Player in Energy and Infrastructure Financing
Crédit Agricole CIB, a leading global player in Energy and Infrastructure financing, has the distinction of being the only bank to receive Project Finance Bond House of the Year, Global Bank of the Year and Global Adviser of the Year awards from Project Finance International, in addition to being named its 2015 Americas Bank of the Year for Project Financing. Crédit Agricole CIB ranked in the top 5 financial Mandated Lead Arrangers for North America in 2015 (Source: Dealogic)
As a leading advisor globally, Crédit Agricole CIB has been actively involved in several recent transactions, including, among others, a $20 billion debt financing for the Ichthys LNG project offshore Australia, the world’s largest project financing; refinancing of the $1.1 billion Singapore SportsHub, the largest public private partnership to date in South East Asia; and the 765 million Euro refinancing of Copenhagen Airport in the U.S. and Euro private placement and bank markets, together with associated cross currency swaps. In the Americas, Crédit Agricole CIB has high profile diverse mandates to its credit such as a debt advisory for $ 5bn Cobre Panama Copper Mine for FQM (Ongoing), the Covioriente Toll Road financing in Colombia (Ongoing), 500kV Charrua Ancoa 196.5km transmission line financing, owned by Grupo Elecnor S.A. and APG (Closed); and on the debt and equity financing of the Tres Mesas’ 148.5 MW wind farm in Mexico (Closed).
About Crédit Agricole Corporate and Investment Bank
Crédit Agricole CIB is the Corporate and Investment Banking arm of the Crédit Agricole Group, the world’s 9th largest bank by total assets (The Banker, July 2015). The Bank offers its clients a comprehensive range of products and services structured around six major divisions:
- Client Coverage & International Network
- Global Investment Banking
- Structured Finance
- Global Markets
- Debt Optimization & Distribution
- International Trade and Transaction Banking.
The Bank provides support to clients in large international markets through its network with a presence in major countries in Europe, Americas, Asia Pacific and the Middle East North Africa.
For more information, please visit its website at www.ca-cib.com.