Wednesday, July 1, 2009

Former UBS Exec Founds Cleantech Investment Bank

From CleanTech Brief:
Jeffrey McDermott, formerly of UBS, has launched Greentech Capital Advisors, LLC, billed as a pure-play investment bank and advisory firm dedicated to alternative energy and cleantech companies.
McDermott, a former joint global head of UBS investment banking, has assembled a team from Goldman Sachs, Citi, Morgan Stanley and Barclays to focus on the alternative energy space....

...Partners include COO Robert A. Schultz, a former managing director and COO at Morgan Stanley Fund Services; Timothy F. Vincent, head of project finance and a former managing director of infrastructure clients at Goldman Sachs; Michael J. Molnar former lead equity research analyst on the U.S. alternative energy and coal sectors for Goldman Sachs; and Craig J. Wellen, formerly a senior banker at Citi responsible for strategic M&A transactions and capital raisings for numerous North American utilities, infrastructure funds and multinational energy companies.

R. Andrew de Pass, founder and former head of Citi’s Sustainable Development Investments (SDI), joins Greentech Capital Advisors as a senior advisor responsible for developing and leading the firm’s private equity investing business. Olav Junttila, who worked as an investment principal at SDI, has also joined the firm...MORE