People & Markets

  • MUFG announces new role for Chafetz

    MUFG announces new role for Chafetz

    MUFG has appointed Randall Chafetz — who was its first non-Japanese executive officer — to the new role of vice-chairman of the global corporate and investment bank, based in New York.

  • LMA updates legacy transition agreement as deadlines loom

    LMA updates legacy transition agreement as deadlines loom

    The Loan Market Association has updated documentation around shifting legacy loan agreements from Libor to risk-free rates, with the trade body warning that there is only a short time frame left before major deadlines in the transition.

  • BofA forms EMEA ESG council as it seeks ‘glidepath’ to lower emissions

    BofA forms EMEA ESG council as it seeks ‘glidepath’ to lower emissions

    Bank of America has set up an EMEA ESG strategic council chaired and led by three senior investment bankers, to intensify its effort to reduce its carbon footprint and manage its climate risks. BofA made a net zero commitment in February but has not yet set out its decarbonisation trajectory.

  • UK to be torn between harmony and leadership on green regulation

    UK to be torn between harmony and leadership on green regulation

    The UK has begun the process of creating its own versions of the European Union’s sustainable finance regulations, by picking a Green Technical Advisory Group to help it draft a green taxonomy. It will face two conflicting priorities: to maximise harmonisation by staying close to EU rules; and to depart from them, for a variety of reasons including the possibility of improving on the EU’s approach.

  • Bread Street aims to bring private equity to UK pensions

    Bread Street aims to bring private equity to UK pensions

    Two former investment managers at Aberdeen Standard have launched a firm called Bread Street Capital Partners, with the aim of creating a series of listed private markets funds to broaden access to the funds of top tier financial sponsors. The firm also aims to capture more investment from UK defined contribution pension schemes, which have historically had tiny allocations to private equity compared with some of their international peers.

  • BofA puts big hitters on EMEA ESG council

    BofA puts big hitters on EMEA ESG council

    Bank of America has set up an EMEA ESG strategic council chaired and led by three senior investment bankers, to intensify its effort to reduce its carbon footprint and manage its climate risks.

  • JPM sends levfin bankers to US

    JPM sends levfin bankers to US

    JP Morgan has reorganized its leveraged finance capital markets operations in EMEA, with Todd Rothman and David De Boltz having relocated from London to New York.

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