JP Morgan Asset Management (JPMAM), the asset management unit of the US investment bank, is moving into the infrastructure debt space with the creation of a dedicated infrastructure debt team led by Bob Dewing.
Dewing, who has been acting as a consultant for JPMAM for the past nine months, has been tasked with setting up a new infrastructure debt team – bringing together staff from JPMAM’s Global Fixed Income and Global Real Assets groups – that will focus “on infrastructure debt instruments, primarily seasoned loans with attractive risk adjusted yields, originated by project finance banks,” JPMAM explained in a statement.
