The former head of North American energy mergers and acquisitions at an Asian bank, who was most recently senior adviser to a boutique, has left investment banking altogether.
Antonio Memmo, known as Tony, was a senior adviser to Marathon Capital in New York and the former head of North American energy M&A at Mizuho Securities in the Japanese firm’s Houston office.
He left his role at Marathon towards the end of last month to take up the position of CFO at electric vehicle fleet management firm elQ Mobility. The early-stage startup advises businesses on migrating their commercial internal combustion engine vehicles to electric-powered ones.
At elQ, Memmo will be working on the financial side of the "Electric Fleet as a Service" business. One of his duties as CFO will be fundraising for the San Jose, Calif.-headquartered startup.
Spokespeople for Marathon did not immediately respond to an inquiry regarding hiring a potential replacement for Memmo.
Memmo began his investment banking career at Lazard in New York, spending nearly a decade there, and establishing the firm’s power and utilities group in 1997.
In 2005, he moved to Bank of America’s natural resources group, focusing on the power and utilities sector. There, he advised energy companies on transactions totaling over $24 billion, according to his LinkedIn profile.
In 2008, he joined Silverfern Group as managing director, leading the New York-based group’s energy and infrastructure merchant banking business, until joining Mizuho’s Houston office as managing director in 2012.
Marathon hired Memmo as senior adviser early last year from Mizuho, as the boutique expanded its team in the Big Apple (PFR, 1/19/18).