Calyon creates new natural resources department

Calyon has unveiled its new natural resources, infrastructure and power department, jointly headed up by Alain Fanaie and Jean-Francois Grandchamp des Raux.

This new department draws together the previous project finance, structured commodity finance and reserved-based lending teams at Calyon, and is organised according to sector.
Fanaie has become the joint head of the department, moving up from his previous role as global head of structured commodity finance (SCF). Daniel Raguenez is taking over from him as the new head of SCF.

Talking to GTR, Fanaie comments: "The internal reasons for this reorganization are to centralise all our expertise and act as a one-stop shop for our clients.”

He adds: “There are also external market developments that led to the creation of the new department. In the SCF market, for instance, the market has been evolving. Tenors are getting longer, and the financing increasingly being used for the acquisition of assets in the natural resources sector, such as oil and gas fields or metals. There has been a rapprochement between different financing frontiers, with the business links between RBL finance, project and SCF finance getting closer.”

Within the new division, there are three sector global heads. Peter Goodall is global head of natural resources, John O'Neil is heading up infrastructure and Alexandra Boleslawski is the head of power.

Within the natural resources group, Nicolas Chapin is the global head of natural resources project finance, and Frank Pluta remains the head of reserve-based lending.

EMEA (Europe, Middle East and Africa) infrastructure and power business is being run by Jamie Mabilat and Eugene Kasozi respectively.