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Investment bank, like the group, wants to diversify outside France, and will lead with its strongest suit, real assets
Demand to invest in the low carbon transition is growing fast, but strategies are very diverse
Recruitments in sales and origination are separate but intended to build debt franchise
Two senior investment bankers have resigned from SMBC, one headed to BBVA
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The Indonesian government’s move to shut down a committee exclusively focused on approving offshore loans from borrowers is getting its first test, as Pertamina lines up a $3bn deal for the acquisition of energy assets. Despite the change coming into effect about two months ago, there is still uncertainty around how the new process will work, writes Pan Yue.
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Connecticut-based Nassau Corporate Credit is starting a European CLO operation led by former Ellington portfolio managers Paul Meloche and Hekeani Mathieu. The new business will buy CLO liabilities from third parties as well as running its own CLOs.
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Pemberton, the direct lender and asset manager part owned by Legal & General, has appointed Robert Wartchow as a portfolio manager and managing director.
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China Minsheng Bank has appointed Kenny Chik as head of syndication and acquisition finance, replacing Wang Sheau Huei, who has left the Chinese lender, according to a source familiar with the move.
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MUFG Bank has hired Hoang Thi Tuong Khanh as director and head of global corporate banking for Vietnam.
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Alcentra, the European subsidiary of BNY Mellon Investment Management, has appointed a new CEO. David Forbes-Nixon will step down to focus on his investment responsibilities.