People & Markets - All Articles

  • Natixis's new DCM head Levy eyes SSAs

    Gabriel Levy, who starts as Natixis's global head of debt capital markets on Thursday, says that the bank has made its FIG business more balanced, while its SSA franchise needs to speed up growth outside of France.

    • 30 Sep 2020
  • Natixis makes Levy DCM head

    Gabriel Levy will start as Natixis's global head of debt capital markets this week, replacing Michael Haize, who is moving over to the global markets division to become global head of rates and currencies trading.

    • 29 Sep 2020
  • European Council approves SURE but Hungary still on hold

    The European Commission has passed the final hurdle, obtaining the European Council’s approval for the 16 applications for Support to mitigate Unemployment Risks in an Emergency funding, allowing the Commission to begin raising the cash.

    • 28 Sep 2020
  • Stop hand-wringing about the sovereign doom loop

    The coronavirus pandemic has sparked an unprecedented wave of sovereign borrowing. Much of the paper has, unsurprisingly, ended up on the balance sheets of domestic banks. This has, equally unsurprisingly, prompted a fresh round of worry about the strengthening of the sovereign-bank nexus.

    • 24 Sep 2020
  • Tempers flare as banks vie for EU bond glory

    The delayed launch of the European Commission’s vast funding programme has thrown bond bankers into a fever of anticipation. The immense prestige of a programme of such international importance, as well as the sizeable fees to be won, means they are under huge pressure to develop strong relationships with the EC and win mandates. Some are beginning to vent frustration.

    • 24 Sep 2020
  • Sustainability-linked bonds: I should Coco

    The recent high profile spurt of sustainability-linked bonds, including deals from Brazil’s Suzano, Switzerland’s Novartis and, coming this week, France’s Chanel, is a sharp change, after this structure — where the coupons are linked to sustainability performance targets — has made a surprisingly quiet and disappointing start to life.

    • 22 Sep 2020
  • ECB risks disturbing nest of German legal vipers

    The European Central Bank is reportedly considering imbuing its regular Asset Purchase Programme with the powers reserved for its special Pandemic Emergency Purchase Programme. From the central bank's perspective it’s a tempting move, but it could tip the eurozone into full blown yield curve control and would certainly draw the ire and no doubt legal challenges from some in Germany.

    • 22 Sep 2020
  • ECB discusses ‘opening Pandora’s box’ with PEPP review

    The European Central Bank (ECB) could be considering merging the Pandemic Emergency Purchase Programme (PEPP) and its longstanding Asset Purchase Programme (APP). If it does, this would amount to the bank discarding its self-imposed limits on quantitative easing.

    • 21 Sep 2020
  • Euronext bids for line into govvie trading

    If the London Stock Exchange Group (LSEG) and Euronext strike a deal over Borsa Italiana, a leading player in European government bond trading will change hands. Euronext may turn to the bonds and equity markets to finance the acquisition.

    • 21 Sep 2020
  • Agora receives backing from R3’s Rutter as bond platform moves to beta testing

    Agora, the end-to-end debt capital markets platform being developed by bond market veteran Charlie Berman, has closed a second funding round with support from new investors including David E. Rutter, the founder and chief executive of R3, the company behind the Corda blockchain system on which Agora will operate.

    • 21 Sep 2020
  • People moves in brief — September 17, 2020

    García and Gutman given new roles at Goldman — Mizuho hires in convertible bonds — Smida and Coudray handed coverage leadership at Natixis

    • 17 Sep 2020
  • EU paves way for national approval of recovery plan

    The European Parliament voted in favour of an expansion of the EU’s own resources on Wednesday. The result brings the EU’s €750bn recovery plan one step closer to reality.

    • 17 Sep 2020
  • Natixis names two coverage bosses

    Meriem Smida and Christine Coudray have been given new coverage jobs at Natixis, as global head of financial sponsors coverage and global head of banks and international public sector (BIPS) coverage respectively.

    • 15 Sep 2020
  • IFC appoints regional funding heads

    The International Finance Corporation has named two of its senior funding officers to lead the supranational’s borrowing operations in Europe and Asia.

    • 14 Sep 2020
  • ‘We need Joe Rogan to run the Fed,’ says Hugh Hendry, former CIO of Eclectica AM

    Hugh Hendry, the outspoken founder of former macro hedge fund Eclectica Asset Management, told GlobalCapital he sees no evidence for the re-emergence of global macro as a broad and viable investment strategy. Were volatility to rise again, Hendry says he may well get back into the financial fray but the likelihood of that is vanishingly slim.

    • 11 Sep 2020
  • People news in brief

    Wartchow heads to Pemberton — Barclays names permanent equities heads — Bonilla joins Kartesia

    • 10 Sep 2020
  • Ex-Goldman SSA banker joins asset manager

    A former sovereign, supranational and agency bond syndicate banker at Goldman Sachs has joined an alternative investment management firm as a fixed income trader.

    • 08 Sep 2020
  • People moves in brief

    Ex-Barclays banker joins Finsbury to develop equity advisory — Laubjerg hired for natural resources at HSBC — Rousseau leaves Deutsche and joins Citi

    • 03 Sep 2020
  • Investors back Germany’s ‘twin bond’ green innovation

    Germany received overwhelming support for its debut green bond on Wednesday, which was sold via syndication and twinned with a conventional Bund of the same maturity and coupon in what it is a brand new structure for issuing green debt.

    • 02 Sep 2020
  • EIB’s energy and climate VPs leave, prompting reshuffle

    Two senior officials who have been central to the European Investment Bank’s transition to greener lending and rebranding as the EU’s ‘climate bank’ are leaving, prompting a reshuffle of the management committee.

    • 01 Sep 2020
  • Ex-Commerz SSA trader resurfaces at NordLB

    A former sovereign, supranational and agency bond trader at Commerzbank has joined NordLB after an almost two year hiatus from the capital markets.

    • 01 Sep 2020
  • Andrew Cross, CFO of AIIB, on navigating the pandemic

    Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has played a pre-eminent role in tackling Covid-19 this year, mainly by offering financial support to countries like Uzbekistan, Pakistan and Vietnam to combat the impact of the pandemic. But its work is not nearly over, as second and third waves of the coronavirus hit countries around the world.

    • 01 Sep 2020