Of the private capital multilateral lenders have mobilised, only 3% has been invested in low-income countries. This is according to new research by S&P Global Ratings.
The lacking capital is due to the higher underlying investment risks in emerging markets – such as political and regulatory uncertainty, currency exchange risks, and policies that are less clearly defined. S&P Global Ratings believes that a combination of credit enhancements and private-sector catalysation could help to offset the financing gap.
Following Moorgate’s outreach, the news was covered by Infrastructure Investor. To read the full article, click here (please note that the article is behind a paywall)
Natixis has joined a new venture, komgo SA, a blockchain platform set to digitalise the trade and commodities finance sector. The venture, founded by Natixis and 14 of the world’s other largest institutions, aims to build an innovative, open and efficient network within commodity trading, optimising the flow of physical commodity operations.
The platform will be developed in partnership with ConsenSys, the largest formation of technologists and entrepreneurs building applications, infrastructure, and solutions on the Ethereum network.
The news was covered by the Financial Times, Bloomberg, Reuters, TXF, Fintech Futures, Coin Telegraph, Block Tribune, Ledger Insights, Coin Rivet, Finextra, Coindesk, Bitcoin Magazine, Crypto Vest, ETH News
Natixis has appointed Emmanuel Verhoosel as Natixis’ new Global Head of Real Estate & Hospitality for Corporate & Investment Banking.
The appointment aligns within Natixis’ New Dimension strategic plan and its aim to become a “go-to” bank for the sector in Corporate Investment Banking. Emmanuel will report to Olivier Delay, Global Head of Real Assets, and will be based in Paris.
The news was covered in IFR, Global Banking and Finance Review, Real Estate Finance & Investment, Property EU.
A recent Infrastructure Investor article assessing investment opportunities in Latin America featured S&P Global Ratings’ research into the development of Colombia’s road network. The rating agency believes that the 4G road network, which began development in 2013, has made “significant progress under the current administration”.
To read the full article, click here (please note that the article is behind a paywall)
Natixis plans to sell its Consumer financing, Factoring, Leasing, Sureties & guarantees and Securities services businesses to its majority owner Groupe BPCE SA, for a total of €2.7bn.
The move, if successfully completed, will allow Natixis to accelerate the development of its asset-light model. In turn, Natixis would invest up to €2.5bn over its New Dimension strategic plan, primarily in asset management, compared with €1bn initially planned.
The news was covered by The Financial Times, Reuters, IFR, Globesnewswire, Law 360, Yahoo Finance, New York Times, Market Watch, This is money, CNBC, Euroinvestor, Post Online Media, Investsize.
The Banker has profiled Natixis’s Green and Sustainable Hub (GSH) as its Team of the Month. The hub, integral to all of Natixis’ work in green and sustainable finance sector, is helping to cement Natixis’ position as the leading reference bank for such activities.
Speaking with Orith Azoulay, Head of the GSH, and Thomas Girard, in charge of business development at the GSH, the article highlights some of the team’s achievements from the past year, including the first commercial mortgage-backed securities (CMBS), real-estate loans and structured notes.
To read the full article, please click here
The Banker has named Natixis “Most innovative investment bank for climate change and sustainability” at its 2018 Investment Banking Awards.
The award recognises the innovative work Natixis is doing in the green and sustainable finance sector, including numerous first-of-their-kind deals and the development of an internal mechanism for integrating environmental risks into their overall risk assessment for financings worldwide.
To read the full article, please click here (login required)
RiskFirst has announced that approximately 30% of US pension plans may now have a funded status of 95% or more, making a buyout or significant risk-transfer deal a feasible option.
Their analysis of some 500 plans with assets of over $100bn highlights that the number of plans within this funding level band has increased by 50% in the first half of 2018. With market factors – such as new accounting reforms, a strong performance in equity markets and increased PBGC premiums – creating particularly favourable conditions to de-risk, there is the potential for risk transfer rates to rise considerably.
Following Moorgate’s outreach, P&I, Life Annuity Specialist, Plan Advisor, Plan Sponsor, Financial IT, Fintech Finance, Fintech Insight, and New York Business Journal covered the news.
For the last 25 years, inflation has been somewhat side-lined in the design of endowments and foundations investment strategies. Yet, with inflation expectations changing, it could be time for investment strategies to increase the emphasis on inflation risk.
In a commentary article written for Foundation and Endowment Report, RiskFirst’s Darius Grant, Head of Endowments and Foundations, discusses whether endowments and foundations investment strategies should shift their focus from alternatives – such as private equity and real estate – and concentrate more on inflation. He examines changing inflation expectations and, importantly, how an endowment should go about evaluating the efficacy of its investment strategy in the face of potential inflation.
To read the full article, please click here.
In a commentary article for Benefits & Pensions Monitor, Michael Carse, DB Pensions and Product Manager, RiskFirst, examines the de-risking journey, and how market shifts are presenting favourable de-risking opportunities – driving many pension plans to re-evaluate their risk transfer strategies. He discusses the current de-risking landscape, market developments and de-risking strategies with a view as to how these factors might optimize pension risk transfer.
To read the full article, please click here.