People & Markets - All Articles

  • Highly structured corporates face especially tricky Libor transition

    Companies with highly structured financial arrangements involving a combination of secured bonds and loans face a particularly arduous second half of the year as they grapple with the transition away from Libor.

    • 27 May 2021
  • DCM head leaves Bank of China

    The co-head of the EMEA debt capital markets centre at Bank of China in London has resigned.

    • 27 May 2021
  • Steilen to join SMBC amid capital markets build-out

    SMBC Nikko has hired Markus Steilen as managing director and head of continental European debt syndicate, based in Frankfurt, as it expands its capital markets capabilities in the region.

    • 26 May 2021
  • 'Climate litigation risk' hits as court orders Shell to slash emissions

    A Dutch court has ruled that Royal Dutch Shell is partly responsible for climate change and must reduce its global carbon emissions — including those caused when customers burn its products — by 45% from 2019 levels by 2030. If the ruling is sustained on appeal it would cause a seismic shift in the balance of power on climate change, with huge implications for financial markets.

    • 26 May 2021
  • BT taps Vodafone official for group treasury

    BT has appointed Andrew Binnie, a former member of Vodafone’s treasury team, as its new group treasury director. BT's previous treasury manager left in September and faces a murder charge.

    • 26 May 2021
  • Deutsche lifts bonnet on sustainability engine

    Deutsche Bank held a three hour “deepdive” into its sustainability actions for clients, investors, the press and NGOs last week, with its CEO Christian Sewing and all its business heads. It coincided with an array of announcements, which even earned a favourable comment from Moody’s, including that Deutsche is accelerating its €200bn sustainable financing target. But those hoping for more detail on how Deutsche will decarbonise its financing were disappointed.

    • 25 May 2021
  • Second Commerzbanker to join SMBC

    SMBC Nikko has hired another official from Commerzbank as it builds up its bond business in Europe.

    • 24 May 2021
  • SMBC Nikko hires southern Europe banker for DCM

    SMBC Nikko has hired a former Barclays debt capital markets banker, as it continues its buildout of capital markets client coverage in Europe.

    • 20 May 2021
  • SMBC hires Steilen from Commerzbank

    SMBC Nikko has hired Markus Steilen as managing director and head of continental European debt syndicate, based in Frankfurt. Steve Apted remains head of syndicate in London.

    • 20 May 2021
  • Trade receivable securitization surges as global economy reopens

    Trade receivable securitization has seen a surge in activity on the back of the recovery of the global markets, as suppliers seek to take advantage of the reopening US and European economies. Major banks have been taking up market share left by the collapsed supply chain finance firm Greensill, two sources said.

    • 20 May 2021
  • Daimler picks chief for new truck finance arm

    More details about the financing structure Daimler will use after its trucks and buses business is spun-off and listed are emerging. The demerger will create two separate capital markets operations out of a company that has been Europe’s second largest corporate bond issuer of the past decade.

    • 20 May 2021
  • ICMA tells bond dealers to mind their language

    The International Capital Market Association has published definitions for terms used to indicate interest for bonds in the secondary market, such as “axe”, in response to frustration on the buy-side about dealers’ occasionally loose interpretations.

    • 18 May 2021
  • Veteran HSBC DCM banker heads to CLSA

    A senior China DCM banker from HSBC is taking a new position at CLSA, the international platform of China's Citic Securities.

    • 18 May 2021
  • TD hires senior DCM syndicate banker from SMBC Nikko

    TD Securities has hired a senior debt capital markets syndicate banker from SMBC Nikko Capital Markets in London, to handle new issues from corporate and financial issuers.

    • 17 May 2021
  • Investors push back on aggressive bond pricing

    A number of Chinese high yield borrowers that hit the dollar bond market this week have seen mixed responses to their notes in secondary trading, which bankers say is a sign of changing market sentiment and investor response.

    • 14 May 2021
  • Deutsche hires pharma banker from HSBC

    Deutsche Bank has hired Priyanka Verma, a senior investment banker specialising in pharmaceutical services and diagnostics, from HSBC in New York.

    • 13 May 2021
  • Head of real estate leaves Barclays

    Dennis Watson, a managing director and Barclays' head of real estate, has left the bank after some 35 years with the firm.

    • 11 May 2021
  • Nomura taps Holt as new debt syndicate head

    Nomura has named Oliver Holt as head of debt syndicate for Asia ex-Japan, succeeding veteran banker Alister Moss, who is taking on a new position at the bank.

    • 11 May 2021
  • Citi loses Apac syndicate co-head

    One of Citi's Asia Pacific debt syndicate co-heads has left the bank, GlobalCapital Asia has learnt.

    • 11 May 2021
  • Cred Ag fills senior DCM roles from within

    Crédit Agricole has promoted four staffers to fill vacant and newly created positions in its debt capital markets leadership team, including global head of financial institutions DCM and head of European corporate DCM.

    • 10 May 2021
  • Syndicated loans, bonds boost Cred Ag earnings

    Crédit Agricole emphasised high levels of activity in syndicated loans and fixed income, especially among French clients, as it revealed a strong set of quarterly earnings on Friday.

    • 07 May 2021
  • DCM automation hits milestone with LSEG deal

    A $7bn equivalent nine-tranche bond issued by London Stock Exchange Group in March put the newest generation of bond documentation software through its paces. It was the first deal of its size and complexity to use one of the growing array of automation technology platforms.

    • 06 May 2021
  • Daimler corporate finance head to retire after shaping new structure

    Peter Zirwes, the highly regarded head of corporate finance at Daimler, Europe’s second biggest corporate bond issuer, will retire at the end of August. This follows an eventful career that has spanned bouts of transformative M&A.

    • 06 May 2021