Global Banking Corporation (GBCorp) has established a subsidiary operation focusing exclusively on the fast-growing energy sector.

The new subsidiary will be established as an energy advisory company offering a full range of industry-related advisory services to GBCorp’s projects, identifying and capitalising on investment opportunities in the oil & gas and power sectors, according to a statement. 

To achieve this objective GBCorp has entered into a strategic partnership with leading energy industry specialists, Washington DC based investment banking firm Taylor-DeJongh (TDJ), it added.

GBCorp investment banking head Ahmed Al Khan highlighted the growth in global demand for energy and the opportunity for a specialised entity run by industry experts to help execute GBCorp’s projects across the hydrocarbon value chain - from upstream oil exploration & production to natural gas, refining, petrochemicals, marketing of refined products and power generation.

“This strategic partnership with industry leader Taylor-DeJongh is the first step in building a comprehensive portfolio of shari’a compliant services. This partnership brings together many decades of industry expertise to identify, analyse, assess, execute and package GBCorp’s projects in the energy sector, broadening our product offering in a well balanced manner.” said Al Khan

Taylor-DeJongh (TDJ) is an independent investment banking firm focused on providing creative, objective capital solutions to its energy, oil and gas, metals and mining and infrastructure clients globally.

“Our strategic partnership with GBCorp is a timely and exciting development, and builds on the existing relationship between our two institutions. Taylor-DeJongh’s 25-year track record in successfully structuring and closing transactions all over the world will be invaluable in creating and capturing value at a point when the energy sector offers many opportunities for experienced and knowledgeable industry experts,” said Taylor-DeJongh chairman and CEO Terry Newendorp.

“The energy industry continues to grow strongly and it has been forecast that the world’s total energy demand will grow 40pc by 2030. The vast majority of this increase will take place in developing countries, where economies and populations are expanding rapidly and modern energy supplies are still a scarce commodity for millions of people. This has fueled a growth in energy infrastructure companies, creating a strong market for well structured private equity deals,” said Al Khan. – TradeArabia News Service