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Nomura’s Mark Bendall joins Macquarie Group’s investment banking arm

22 June, 2012

Mark Bendall, the former Nomura Head of Metals and Mining for Asia Pacific who played a key role in GMR’s acquisition of a stake in Golden Energy Mines, has joined Macquarie Group’s investment banking arm, Macquarie Capital, media reports said.

Bendall, who took charge on Monday as senior managing director and head of resources for Asia, is based in Hong Kong. Bendall also played a key role as advisor of the initial public offerings of Bumi Resources Minerals, ENRC and Polymetal International, the Wall Street Journal reported.

In his new role, Bendall, who also played a significant role in United Utilities Group’s sale of its UK electricity distribution business, would be reporting to Kalpana Desai, the head of Macquarie Capital Asia and Robert Dunlop, Macquarie Capital’s global head of resources, the WSJ report said.

In August 2011, Bangalore-based GMR Energy Ltd, a subsidiary of GMR Infrastructure, had entered into a definitive agreement to acquire 30 per cent equity stake in PT Golden Energy Mines Tbk (GEMS), a Sinar Mas Group company in Indonesia, at an estimated price of $450-$550 million.

Bendell, who has also donned key roles at Credit Suisse and Deutsche Bank, is the third senior Nomura executive to quit the Japan-based bank, the report said. Nomura’s investment banking head for Southeast Asia, Patrick Lee, had put in his papers earlier this month to pursue a different career path, according to the report. He was replaced by Kelvin Ho, according to the WSJ report.

Nomura Holdings Inc.’s head of investment banking for Asia excluding Japan, Patrick Schmitz-Morkramer, has also put in his papers, the WSJ reported. Nomura has named Mark Williams, equity capital markets head for the region, as his replacement.

Williams joined, who joined Nomura in October 2010 from UBS, had played a stellar role in rebuilding Nomura’s ECM franchise in Asia, outside Japan, after a host of senior executives quit, reports FinanceAsia. The resignations came after the bank paid two instalments of a bonus related to its acquisition of Lehman Brothers’ operations in Asia in 2008.

Williams also played influential roles in a host of transactions including the $1.35 billion IPO of Chongqing Rural Commercial Bank in Honk Kong and the $450 million Tesco Lotus IPO in Thailand, the largest listing in the country since 2006 and the $1.67 billion IPO of Haitong Securities, the FinanceAsia report said.


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Nomura’s Mark Bendall joins Macquarie Group’s investment banking arm

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