Good evening,

Three of Judo Bank’s senior commercial bankers are striking out on their own, establishing a national debt advisory and brokerage business based in Melbourne.

Victoria regional director Nav Ganegoda and relationships directors Jonathan Yeo and Hayden Lambert resigned from the $2 billion ASX-listed business bank in February and have hit the ground running with their new venture.

In its initial phase, YLG Capital will focus on debt advisory services, seeking to fill what the founders perceive to be a gap in the market for SMEs in acquiring and structuring debt facilities from a broad spectrum of lenders.

Read the full story tomorrow and more on the Street Talk page.

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Street Talk can reveal Morrison-run Utilities Trust of Australia, advised by Macquarie Capital, has agreed on terms to sell a 10 per cent stake in NSW electricity transmission company Transgrid for more than $1 billion.

Investors erased $21.4 billion from the Australian sharemarket on Thursday after a barrage of tariff announcements from US President Donald Trump raised fears of a global economic slowdown.

Click here for the latest equity market wrap.