Banks
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Robert Karofsky will be the sole president of UBS's investment bank once his colleague Piero Novelli leaves the firm at the end of next month. -
The Spac craze that has swept US stock markets has spread to Europe with a new vehicle called Pegasus set to be listed in Amsterdam. The Spac is led by former UniCredit CEO Jean-Pierre Mustier, LVMH founder Bernard Arnault and Tikehau Capital and is expected to prompt a wave of new issuance, according to sources speaking to GlobalCapital.
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HSBC’s CEO Noel Quinn is expected to announce a new leader for its sustainability agenda soon, as Daniel Klier is leaving to join Arabesque, an asset manager and technology company.
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The UK sold its last syndication of the financial year on Tuesday, selling a £2.25bn 2051 index linked bond — its first syndication in the format since November 2019.
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Société Générale dived into the euro market in search of preferred senior paper on Friday morning, just days after reporting its 2020 results, becoming the fourth bank to tap the seven year part of the curve in the last fortnight.
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Global financial institutions will focus more on their home markets amid a sharp fall in funding requirements this year, leaving sterling credit investors yearning for more supply from overseas FIG issuers.
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Goldman Sachs and JP Morgan offered investors diversity as they burnished their environmental, social and governance (ESG) credentials this week.
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ESG Core Investments has become the first European special purpose acquisition company to go public in 2021.
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Kirshlen Moodley, formerly a member of JP Morgan's UK M&A team, has joined BNP Paribas.
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Snam, the Italian gas pipeline company, and SKF, the Swedish ball bearing maker, kicked the week’s corporate bond new issuance off in Europe on Monday with deals that offered razor-thin spreads from the start.
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