Barclays Sustainable and Impact Banking Group
Noticed Barclays recently formed this group (Oct. 2019) as a new coverage area. Given the increased importance that this area will have over the next few years this team seems interesting, but would it be a good place to work as an analyst? Seems like a higher-risk option than joining a team that is already well established, but could be very interesting. Also seems like it might be focussed mainly on financing - would there be lots of M&A too?
Thanks
Interested
Same
Seems like CS has followed suit
https://www.nasdaq.com/articles/credit-suisse-sets-up-investment-bankin…
RBC also has a Sustainable Finance group (https://www.rbccm.com/en/expertise/sustainable-finance.page) "Our Sustainable Finance Group integrates environmental, social and governance (“ESG”) factors into our core capital markets platform, working in collaboration with partners in Global Investment Banking, Global Markets and Corporate Banking to deliver advice and solutions to our clients that also aim to have a positive impact on the world."
Hope this helps.
Thanks that looks good. Although maybe slightly different because Barclays and CS have their teams structured as a coverage group within IBD whereas RBC's seems broader
Looking to hear what others have to say as well. I think it would be a decent pre-MBA story to tell and could also set you up to transition into similar coverage at PE/investment shops who all now have a ESG arm. As usual though, I think joining a new team is a bad idea if you already have a career goal and that goal has a fairly established path.
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Believe those specific groups will focus more on green/sustainable-based KPI capital markets offerings than m&a
They do a lot of work on the renewable SPACs as well as green bond offerings. It's a lot of work with energy but will continue to expand as ESG gets bigger.
I work at Barclays (not in SIB, in a traditional energy group - like NatRes or P&U) and can confirm that group is insanely busy with SPAC related stuff. Tons of SPAC IPOs and tons of energy transition de-SPACs/M&A. I think currently the group is pretty small still, because outside of the SPAC craze there just aren't a lot of fees in renewable energy yet (generally smaller companies, lots of early stage/high growth with little earnings). But it's clear that as the energy transition takes off, so will that group. I'd think you'd get solid experience there but not sure about how translatable it is to traditional PE. If you were interested in renewable energy, and especially if you were interested in staying in banking, getting in early at a growing group like that would be a great idea. Very well-positioned for the future.
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