Americas

Derivatives banker turned ESG debt specialist lands regional leadership role

Since leaving Deutsche Bank in 2009, Bohm has worked at Cowen, Citadel and Wells Fargo

Deutsche's Americas executives are at pains not to take success for granted, writes David Rothnie.

Deutsche Bank is among the firms making a concerted effort to bulk up their capabilities in the healthcare sector, with two managing directors set to join the firm in the coming months.

BNP Paribas has hired a vice president in New York to build out the bank’s US private placement platform.

The Emerging Markets Investor Alliance, a non-profit comprising several major EM asset managers, will release “enhanced” principles for green, social, sustainable and sustainability-linked bonds on Thursday in response to what it sees as a “loss of confidence” in the labelled bond asset class.

Deutsche Bank has hired from ING to replace a recent departure in its Latin American debt capital markets team, and the German bank’s head of LatAm DCM told GlobalCapital that he hoped to build around the new hire.

Panama City airport Aeropuerto Internacional de Tocumen defied what bankers and investors had described as an unenthusiastic early-August bond market to attract a large book on a dual tranche deal on Thursday. Demand was sticky enough for the issuer to price $1.855bn of new debt inside guidance, enabling Tocumen to gain important liquidity relief.

Wells Fargo has informed staff in the US that it is delaying the reopening of its offices in the country as a result of rising Covid-19 cases.

Banks are seeing light at the end of the tunnel as they emerge from major cost cutting exercises at the same time as economies around the world begin to emerge, erratically, from pandemic restrictions. Now the question is whether there will be enough capital markets business to go around.

Moelis & Co supercharged its capital markets team last year just in time to take advantage of the booming market for special purpose acquisition companies (Spacs). But as the craze subsides, the team continues to expand, with the firm looking to generate repeat business from clients that appreciate its product-agnostic approach.

The impact of the allocation of new IMF Special Drawing Rights (SDRs) on the most stressed developing economies could depend on whether a politically sensitive proposed reallocation of the assets from wealthier nations to vulnerable ones is successful. And though the new SDRs may reduce sovereign bond issuance, particularly in sub-Saharan Africa, not all investors believe there will be a notable effect on EM debt.