Citi’s Richard Jones, fresh off advising Brookfield on its tilt at Origin Energy, is jumping ship to a rival.
Infra banker Richard Jones is swapping Citi for Gresham. Erin Jonasson
Street Talk can reveal Jones lobbed his resignation last week after 15 years with the Wall Street investment bank. He is due to pop up at Gresham Advisory, to lead its infrastructure group.
Jones had been at Citi since 2009, trading up to the coveted managing director title during its 2022 promotions. His deal credits feature some enviable roles, including takeover defence for AusNet Services during its $10.1 billion take-private by a consortium led by Brookfield.
He was also one of the NSW government’s two advisers on its $10 billion sale of a 49 per cent stake in WestConnex in 2021. Last year, he advised NZX-listed Vector on the sale of a 50 per cent stake in its metering business to QIC.
He starts at Gresham’s Sydney office in July, and will work closely with MDs Matt Keenan, and Mark Stevens in Melbourne. The firm, last year, advised Stonepeak and Spirit Super on their acquisition of Geelong Port, and ASX-listed bus group Kelsian on its acquisition of All Aboard America!