Latest LevFin people & market news

• Trajectory bodes well for US banks’ Q2s

  

  Investment banking activity suffered a sluggish start to the year at the top US names, particularly in equity underwriting, but conditions brightened as winter turned to spring.

  • 17 Apr 2019

• Full plate for Nochu drives managers to pre-crisis deal structures

  

  CLO anchor investor Norinchukin Bank is said to be looking at a full calendar of deals in the next two months, leaving some managers not on the Japanese bank’s list planning to revive structures not seen since before the last crisis in a bid to drum up interest and improve the arbitrage function of their CLOs.

  • 16 Apr 2019

• David Slade to take over UBS's combined DCM and levfin ops in EMEA

  

  UBS has reorganised its debt capital markets business, following the decision of global head Amir Hoveyda to step down from his role. It will merge leveraged finance and DCM, with David Slade heading the combined group in EMEA.

  • 16 Apr 2019

• Capital markets need an Extinction Rebellion

  

  Sustainable finance is bubbling with exciting new initiatives. But making people feel good is not enough. Activity needs to produce results, and so far there is more noise than movement. The tone is far too sedate — it needs some hard core activism to break the torpor.

  • 16 Apr 2019

• S&P goes its own way on ESG ratings

  

  Enel and NextEra Energy have, on a pilot basis, become the first companies to obtain one of S&P Global’s new ESG Evaluations. The product, launched last week, takes S&P into direct competition with providers of ESG ratings like MSCI and Sustainalytics — and with Moody’s, which a few days after S&P’s launch acquired Vigeo Eiris, the French-based ESG rating firm.

  • 16 Apr 2019

• Moody's buys Vigeo Eiris in drive for ‘global standard’ on ESG

  

  Moody’s has acquired a majority stake in Vigeo Eiris, the environmental, social and governance research and ratings provider, as the credit rating agencies move increasingly into the area of ESG investing. The announcement comes just days after S&P Global launched its new ESG Evaluation product.

  • 15 Apr 2019

• IMF warns on risks to corporate sector debt

  

  The creditworthiness of corporate borrowers in advanced economies has deteriorated while the volume of debt and financial risk taking has risen, the International Monetary Fund has warned. It also flagged up concerns about the sovereign-bank nexus in the eurozone and about market conditions for low income and frontier countries.

  • 11 Apr 2019

• People moves in brief

  Diamond hires ex-colleague at Atlas — Salorio leaves DCM head vacancy at Soc Gen — Forese to retire from Citi

  • 11 Apr 2019

• SocGen promotes Salorio to UK global finance head

  

  Société Générale has appointed Demetrio Salorio, its global head of debt capital markets, as UK head of global finance, replacing Alvaro Huete.

  • 11 Apr 2019

• Carmignac launches new unconstrained credit fund

  Carmignac Gestion is launching an unconstrained credit fund, to be managed by Pierre Verlé and Alexandre Deneuville, both managers with high yield experience.

  • 11 Apr 2019

LevFin people & markets news archive