Good evening,

ExxonMobil's $3 billion exit from the Bass Strait is under way.

Tonight, Street Talk can reveal JPMorgan's local investment banking team has officially kicked-off the mooted sale process and sent a flyer to potential bidders around the world this week.

We've got all the details of JPMorgan's six-point pitch to buyers and the all-important first-round bid date. The assets are being pitched as one of the largest conventional oil and gas portfolios to come up for sale in Australia in years.

Elsewhere, there was some change at the top of Goldman Sachs' investment banking team today and we unpack what it means for the Wall Street giant's local operations.

Finally, there's a Marley Spoon rival gearing up for an initial public offering and AMP Capital's new Asia-Pacific infrastructure debt strategy is off and running.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd.

Street Talk Editors