People & Markets

  • BofA launches UK private capital push with Goldman hire

    BofA launches UK private capital push with Goldman hire

    Bank of America has hired a managing director from Goldman Sachs to help lead a new team in its UK investment banking division that aims to increase the bank’s coverage of private and emerging growth companies.

  • WhiteStar eyes acquisition candidates in European CLO build-out

    WhiteStar eyes acquisition candidates in European CLO build-out

    WhiteStar Asset Management’s expansion into London could include the purchase of an existing CLO platform, according to chief executive Gibran Mahmud. The Texas-based firm, run by the former Highland Capital Management team, announced last week that it had opened a London office headed by executive chairman Gordon Neilly.

  • BNP Paribas hires levfin head for Germany

    BNP Paribas hires levfin head for Germany

    BNP Paribas has hired Boris Funke as head of leveraged finance capital markets in Germany, giving him responsibility for expanding the bank's sponsored and corporate sub-investment grade franchise in the region.

  • Eagle Point hires CLO debt trader from Good Hill

    Eagle Point hires CLO debt trader from Good Hill

    Eagle Point Credit Management has added Sam Yoon to its CLO investment team to assist in CLO debt trading and portfolio management. Yoon will report to Dan Ko, principal and portfolio manager at Eagle Point.

  • Taxonomy’s troubled birth shakes its power to green markets

    Taxonomy’s troubled birth shakes its power to green markets

    Market participants will embark in the coming weeks on the difficult task of working out how to use the European Union’s sustainable finance Taxonomy, after the first criteria were published this week. In doing so, they will be conscious that the smooth tide of green finance is now breaking against the hard reality of power politics and resistance by fossil fuel industries — a clash that is rocking the Taxonomy’s credibility, writes Jon Hay.

  • CLO sources welcome Citi-BofA platform but will it scale?

    CLO sources welcome Citi-BofA platform but will it scale?

    Sources in the CLO market have expressed doubt over the CLO trading platform known as Project Octopus launched last week by Citi and Bank of America, questioning whether the platform will succeed in expanding to a critical mass with enough other banks involved. However, some active in the nascent electronic trading market, such as KopenTech, welcome the venture as an endorsement of their vision.