BAM Mutual Expands Global Infrastructure Team with Project Finance Experts
BAM Mutual, a leading bond insurer for municipal and infrastructure projects, has added experienced project finance professionals to its team to support its expansion in global infrastructure markets.
Strengthening Expertise for Complex Infrastructure Deals
As infrastructure projects become larger and more complex, BAM Mutual is building out its project finance team to meet market demand. The company recently announced two key hires: longtime project finance veteran Cherian George and former managing director at S&P Global Ratings, Andrew Palmer.
Cherian George joins as a senior advisor with more than 20 years of experience in public-private partnerships (PPPs) and project finance. He has held leadership positions at Fitch Ratings and strategic roles at the Port Authority of New York and New Jersey. George will focus on providing analytical support for BAM’s project finance and PPP transactions in both the U.S. and global markets.
Andrew Palmer will lead the company’s international underwriting in Australia and New Zealand. His extensive knowledge of global analytics and methodologies will be crucial as BAM expands its infrastructure insurance services into these high-growth regions.
Meeting the Demand for Infrastructure Financing Solutions
With infrastructure investment needs rising globally due to aging assets and sustainability goals, BAM Mutual helps finance essential projects. Its bond insurance products allow municipalities and project sponsors to secure lower borrowing costs, improve liquidity, and attract a broader range of investors.
BAM’s CEO, Seán McCarthy, stated, “Our enhanced project finance capability allows us to support more sophisticated PPP and infrastructure transactions. We can provide tailored underwriting and market insight to help clients efficiently access capital markets.”
Strong Financial Position and Growth Ahead
As the only mutual bond insurer focused exclusively on municipal and infrastructure bonds, BAM Mutual has insured more than $165 billion in bonds since its inception. The firm holds a strong AA rating with a Stable outlook from S&P Global Ratings, reflecting its financial strength.
The addition of these project finance experts is part of BAM’s long-term strategy to support global infrastructure development. The company plans to deepen its international presence, especially in Australia and New Zealand, where infrastructure demand is projected to exceed $200 billion in the coming years.