Macquarie Capital, the investment banking arm of Australia’s Macquarie Group, has hired a former Irving Place Capital executive to chair its global oil and gas group.
Thomas Hassen joined the firm 1 December as chairman of global oil and gas banking, Macquarie said in a statement. He was most recently vice chairman of Irving Place Capital, a private equity firm that spun out of Bear Stearns after the investment bank collapsed in March 2008.
Prior to Irving Place, Hassen served as vice chairman of the global industries group and senior managing director in the global energy group at Bear Stearns.
Hassen is based in New York, according to the statement.
Hassen’s appointment is the latest in a string of senior appointments in Macquarie’s energy investment banking group. Macquarie recently named Dan Cristall as global head of oil and gas banking and vice chairman of Macquarie’s Capital’s Canadian operations, where he focuses on business development and strategy for the oil and gas sectors. Macquarie also named David Vetters as head of oil and gas banking for Canada.
“With world energy demand expected to grow by a third over the next 25 years, the energy sector is a key area of focus for us,” Cristall said in a statement.
Macquarie’s energy group now has more than 180 professionals in 22 locations, according to the statement. The group has been bookrunner on more than $2 billion of transactions and advised on $34 billion of mergers and acquisitions since 2008, according to the statement.