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Robert Karofsky will be the sole president of UBS's investment bank once his colleague Piero Novelli leaves the firm at the end of next month.

The Spac craze that has swept US stock markets has spread to Europe with a new vehicle called Pegasus set to be listed in Amsterdam. The Spac is led by former UniCredit CEO Jean-Pierre Mustier, LVMH founder Bernard Arnault and Tikehau Capital and is expected to prompt a wave of new issuance, according to sources speaking to GlobalCapital.

HSBC’s CEO Noel Quinn is expected to announce a new leader for its sustainability agenda soon, as Daniel Klier is leaving to join Arabesque, an asset manager and technology company.

Kirshlen Moodley, formerly a member of JP Morgan's UK M&A team, has joined BNP Paribas.

BPCE is drawing Natixis closer at a pivotal time for the investment bank and European banking consolidation, writes David Rothnie.

Société Générale and Natixis both endured a difficult 2020 in their markets business, but in the fourth quarter their equities divisions managed to pull off a brighter performance.

BPCE is planning to buy the stake in Natixis it does not already own, and is also examining splitting it up, placing its corporate and investment banking activities and asset and wealth management branch into a new structure.

Axa Investment Managers' Yo Takatsuki has joined JP Morgan Asset Management as head of investment stewardship for Europe, the Middle East and Africa.

Under its new "Strategy 2024" plan, Commerzbank is considering outsourcing equities services to a partner as several rivals have done. It also wants to focus its equity capital markets and M&A franchises more squarely on existing clients.

Philippe Henry, head of HSBC's global banking franchise for Europe, the Middle East and Africa, is leaving the bank.

Goldman Sachs is trying to steal a march on rivals as it looks to turbo-charge its European business by leading the listings of the region’s most vibrant start-ups, writes David Rothnie.

Deutsche Bank was able to present a successful year for its investment bank when it announced fourth quarter and full year results on Thursday, coming 18 months after the restructuring of the business. The question now is whether it will be able to hold onto its increased profitability when times are less lucrative for investment banks.