New York, 16 July 2014
Macquarie Capital, the corporate advisory and capital markets arm of Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced that David McShane will join as a Senior Managing Director and US Head of Equity Capital Markets. Mr. McShane will join Macquarie from Bank of America Merrill Lynch, where he served as Managing Director and Head of US Energy and Power Equity Capital Markets.
Mr. McShane will bring deep equity capital markets expertise to Macquarie. He joined Merrill Lynch in 2006, having previously worked in equity capital markets at Lehman Brothers. Since joining Bank of America Merrill Lynch, Mr. McShane has executed close to 300 bookrun transactions raising a total of $136 billion.
Mr. McShane has led many successful and noteworthy IPO and equity offerings in the Power and Utility space during the past 10 years, including: the $1.4 billion IPO of American Water Works, the $495 million IPO of NRG Yield, the $467 million IPO of NextEra Energy Partners, the $399 million follow-on offering for Range Resources, the $3.6 billion combined equity follow-on and mandatory convertible offering for PPL Corporation’s acquisition of E.ON US LLC, and the $3.5 billion combined equity follow-on and mandatory convertible offering for Apache Corp’s $7 billion acquisition of assets from BP.
“I am delighted to welcome David to Macquarie,” said Michael Silverton, Head of Macquarie Capital for the US and Latin America. “David’s extensive Equity Capital Markets background, combined with his deep knowledge and expertise in the Energy and Power sector, will complement our growing franchise and will further help us to deliver comprehensive capital markets solutions to clients.”
In addition, John Kent has joined Macquarie Capital as a Managing Director, where he focuses on ECM origination efforts in the US. Mr. Kent has more than 15 years of ECM origination experience and joins from LCT Capital LLC. Mr. Kent previously held a number of ECM-focused roles including Managing Director, Equity Capital Markets at Nomura Securities from 2010 to 2012, and at UBS Investment Bank, where he started his career in 1999. Some of the transactions in which Mr. Kent has been involved include the IPOs of Orbitz, VMware, MetroPCS, and Manchester United; and follow-on offerings for Michael Kors, MSCI, and Genpact.
At Macquarie, Mr. McShane and Mr. Kent will report to Stephen Mehos, Senior Managing Director and Head of US Financing Products for Macquarie Capital. “The addition of David and John to our team further enhances our equity capital markets origination efforts,” said Mehos. “We have had great momentum in private capital raising, led by Sean Fitzgerald, along with our debt capital markets business. These appointments build on this momentum and position us for continued success moving forward.”
Mr. McShane received his M.B.A. from New York University and a B.S. from Wesleyan University.
Mr. Kent received his M.B.A. from the University of Virginia and a B.A. from the University of New Hampshire.