People & Markets - All Articles

  • Barclays eyes victory in Europe’s global IB race

    Jes Staley’s strategy has been vindicated, with Barclays’s corporate finance bankers having a banner year. But it has to invest in its European franchise to cement its credentials as the region’s leading investment bank, says David Rothnie.

    • 30 Jan 2020
  • Tikehau boosts liquid strategies with US high yield hires

    Tikehau Capital has taken over a US high yield fund formerly managed by Semper Capital Management, bringing over the portfolio managers that run it as well. It is part of the firm’s plan to rebalance its business and boost its liquid strategies offering.

    • 30 Jan 2020
  • SSD players prepare for restructuring talks

    The Loan Market Association is set to restart its Schuldschein working group in February, with a workstream addressing credit restructuring. This is an early sign that the market’s heavyweights are taking this issue — which has damaged the Schuldschein’s reputation in some quarters — seriously.

    • 30 Jan 2020
  • EU to put ‘sustainability risks’ at heart of new reporting standards

    The European Commission wants to develop new non-financial reporting standards that will compel EU companies to publish more information about the risks they face from climate change and other sustainability issues.

    • 28 Jan 2020
  • Investec plucks healthcare pair

    Jens Lindqvist and Brough Ransom have moved from N+1 Singer to Investec to cover healthcare.

    • 28 Jan 2020
  • Goldman names new leaders for mid-market and sponsors units

    Olaf Diaz-Pintado has been named head of Goldman Sachs’s cross markets group for Europe, the Middle East and Africa, while the bank has appointed new regional heads for its financial and strategic investors group.

    • 28 Jan 2020
  • GBP considers guidance on Enel-style bonds

    The Green Bond Principles organisation has gone public with its plans to set up a working group on sustainability-linked bonds. It will be charged with working out whether the GBP should issue guidance on the new structure — a move that would ensure the GBP remains relevant as the sustainable finance market changes.

    • 23 Jan 2020
  • Credit Suisse rejigs IBCM after ‘tough year’

    Credit Suisse has streamlined its investment banking and capital markets operation (IBCM) and is confident that it will return to form after a chastening 2019, writes David Rothnie.

    • 23 Jan 2020
  • China cuts registration fees for domestic bonds

    China’s biggest clearing houses have slashed their fees for the registration of new bonds.

    • 23 Jan 2020
  • How would UK capital markets handle a BoE rate hike?

    A Bank of England rate hike is in no one's short term thinking. But if it happened, it could be dire for the housing market and therefore, for those parts of the capital markets that exist because of it.

    • 21 Jan 2020
  • UBS IB spends $80m on restructuring the workforce

    UBS’s investment bank spent around $80m from restructuring related to personnel at the end of last year. The Swiss bank has also said it will look into partnerships with other banks for its investment bank.

    • 21 Jan 2020
  • Alvarez & Marsal expands into debt advisory

    Tim Metzgen is leading a new European debt advisory franchise at Alvarez & Marsal.

    • 20 Jan 2020
  • BIS: climate may strip central banks of power

    A research paper published on Monday by the Bank for International Settlements sets out how grave the peril of climate change is. It asserts the necessity of central banks grasping this problem as central to their responsibilities — but also admits that they will be unable to “preserve financial stability in the age of climate change”.

    • 20 Jan 2020
  • Nomura hires Acaia to cover consumer and retail sectors

    Marco Acaia has joined Nomura as a managing director in the consumer and retail coverage team.

    • 20 Jan 2020
  • Investors fight SEC curbs on ESG motions

    The latest battle in the campaign to weaken corporate governance standards in the US is being fought over rule changes that would make it harder for investors to propose motions at shareholder meetings. The ‘proxy advisers’ so central to US governance also face new restrictions.

    • 16 Jan 2020
  • Markets must face up to new deadlines for Libor transition

    Banks should stop issuing loans and bonds linked to Libor by October, according to the Bank of England’s Working Group on Sterling Risk-Free Reference Rates. But the scale of the challenge facing firms, particularly in the loan market, is causing concern.

    • 16 Jan 2020
  • Palmieri shakes up corp finance at SG

    Société Générale has redoubled its commitment to equity capital markets under a new structure designed to ensure it remains a force in investment banking when consolidation comes, writes David Rothnie.

    • 16 Jan 2020
  • CréditAg adds to China debt origination team

    Matthew Xu has become an executive director of debt capital markets in Crédit Agricole’s China debt origination and advisory team, effective Monday.

    • 13 Jan 2020
  • RBC looks to profit amid European blues

    RBC Capital Markets is beefing up financial sponsors, aiming to boost its European business during 2020, writes David Rothnie.

    • 09 Jan 2020
  • EM veteran joins Saudi Aramco treasury

    Robert "Bob" Fernandez, a veteran of EM debt capital markets, has joined Saudi Aramco's treasury.

    • 07 Jan 2020
  • Mittelhamm switches from Barclays to HSBC for M&A

    HSBC Germany has hired Heiko Mittelhamm as head of M&A for Germany and Austria.

    • 07 Jan 2020
  • Crédit Agricole’s Loynes takes up new syndicate role

    Damien Loynes has been appointed head of syndicate for Europe, the Middle East and Africa at Crédit Agricole.

    • 03 Jan 2020
  • Banks warned dragging feet on Libor transition could lead to PPI-style claims

    Banks have been warned that their tardiness in switching away from the Libor benchmark could leave them open to compensation claims, similar to those that followed the UK's £50bn scandal of banks mis-selling payment protection insurance. However, bankers involved in the process say they are working hard to complete the transition.

    • 02 Jan 2020