People Moves: Newmark appoints Philip O'Bannon to spearhead its Infrastructure Capital Markets initiatives
NEW YORK (PRNewswire) -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company has hired Philip O'Bannon, a seasoned infrastructure capital markets professional with more than 20 years of experience spanning investment banking and engineering, as Senior Managing Director to lead its Infrastructure Capital Markets business.
In this role, O'Bannon will be responsible for expanding Newmark's advisory and capital raising capabilities across the full infrastructure investment spectrum, with a focus on data centers, power and utilities, energy transition and other large-scale infrastructure sectors. O'Bannon will report to Andrew Warin, Head of Strategic Advisory and work closely with Newmark's Debt & Structured Finance and Data Center Capital Markets teams.
"Newmark continues to expand its comprehensive suite of capital markets services with strategic hires across the U.S.," said Douglas Harmon, Co-Head of U.S. Capital Markets. "Philip's appointment further augments our efforts in data center coverage, as well as across other large infrastructure sectors, and enhances our ability to deliver the best possible outcomes for our clients."
Infrastructure has emerged as one of the fastest-growing segments in commercial real estate and alternative investments. Global infrastructure investment needs are estimated to reach $94 trillion through 2040, according to the Global Infrastructure Hub, driven by demand for data centers, energy transition assets and digital and transportation infrastructure. The convergence of real estate capital and infrastructure finance has created a significant and expanding opportunity for integrated advisory services.
Read more: Newmark Press Release (PRNewsire)