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Bank strives for ‘complete global offering’ in M&A and ECM but market conditions hang in the balance
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JP Morgan has hired Tobias Heilmaier, Goldman Sachs’ former head of chemicals for EMEA, as co-head of corporate finance coverage in Germany, a newly created role. Michele Iozzolino, who has been with the firm since 2005, will be the other co-head.
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Friday marks one year since the launch of the Task Force on Climate-Related Financial Disclosure’s final guidelines — a blueprint for companies to report to investors how they are facing up to climate change.
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Asia’s markets were on edge this week as Chinese equities fell into bear territory and the simmering trade war between the US and China deepened. The tensions felled two IPOs but have not brought fundraising activity to a complete stop, even as bankers remain unsure about what happens next. John Loh reports.
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Barclays has hired from Bank of America Merrill Lynch and also promoted two others to lead the digitisation of its markets business.
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When 16 banks recently conducted a pilot study on how to analyse climate change risks on their balance sheets, they only published three case studies, and only one bank, Barclays, was willing to put its name to its study.
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The shareholders of French brokerage Kepler Cheuvreux have restructured its ownership, with two new investors coming in and UniCredit increasing its stake, while others have sold out.