NatWest Markets

Bankers expect a busy week ahead across the liability stack

Housing association is the latest to mandate for ESG debt

Investment grade corporate debt market revs up for risk as subordinated trades mark first supply in a fortnight

Former ABS and financial institutions banker joins challenger bank as it looks to put deposits to work

German state kicks off post-summer euro SSA supply

Bankers seem to be buying the story of resurgence at Germany’s flagship investment bank

NatWest’s head of syndicated loans for EMEA, Jonathan Pughe, is set to leave his post at the end of September as part of the continuing restructuring of its investment banking division.

The Berkeley Group, one of the UK’s biggest home builders, found the pulse of the sterling bond market on Wednesday, two weeks after some bankers had declared the market dead until the autumn.

NatWest Group said on Friday that the “reshaping” of its investment banking arm, NatWest Markets, would be largely complete by the end of the year, after it moved a further 500 staff out of NWM in the second quarter.

The Berkeley Group, one of the UK’s biggest home builders, has mandated for a green bond, a week after high grade corporate issuers faced such a torrid time in the sterling market that some bankers called the market shut until the autumn.

NatWest Markets has given its head of emerging markets strategy, Alvaro Vivanco, an additional role as head of ESG macro strategy.

The wheels fell off the IG corporate sterling bond market this week, with one pulled deal and another that barely scraped through. Accusations and recriminations flew over what caused the trouble, which has likely slammed the doors shut on the sterling market until autumn. Mike Turner reports.