A senior investment banker at Credit Suisse AG says his team is actively seeking new deals in a rapidly growing corner of ESG financing, even as the future of the unit after the takeover by UBS Group AG is in question.
The Swiss bank stands out as a pioneer in a corner of environmental, social and governance investment known as debt-for-nature swaps, a market that it has so far dominated. But this year’s near-collapse and government-engineered rescue by UBS Group means that businesses in the loss-making investment bank are now being taken under the microscope for their fit into the longer-term UBS strategy.
Read More : Credit Suisse actively involved in ESG debt deals, according to Managing Director