UBS names veteran industrial banker Bouvier as ESG Advisory Head
UBS has named Laurent Bouvier a Global Head of its newly formed ESG Advisory team
LONDON, England, September 27, 2021 (BLOOMBERG) -- UBS Group AG named veteran industrial deal-maker Laurent Bouvier as global head of a newly formed environmental, social and governance advisory team.
Bouvier's group will apply an ESG lens to deal pitching and execution and support clients' sustainability strategies through acquisitions and capital-markets work, according to an internal memo seen by Bloomberg News. The banker, who joined UBS in 2015 and was previously co-head of the global industries group, will also become GIG chairman, the memo shows.
According to Bloomberg News, a representative for UBS confirmed the contents of the memo. Bouvier worked with Hitachi Ltd. on its takeover of ABB Ltd.'s power grid unit and was among advisers to Advent and Cinven on their $19 billion acquisition of the Thyssenkrupp AG elevators business. He also helped Bombardier Inc. on the sale of its transportation division to Alstom SA.
Philippe Chryssicopoulos will become global co-head of GIG alongside Charles Otton, according to the memo. Chryssicopoulos was previously global head of infrastructure and power at the bank.
Armin Peter and Samantha Sutcliffe, who have been driving UBS's sustainable-finance efforts since 2019, will keep their roles on the newly formed ESG team, according to the memo.
About UBS Group AG
UBS Investment Bank provides corporate, institutional and wealth management clients with expert advice, innovative solutions, execution and comprehensive access to international capital markets.
We are striving to be at the forefront of ESG and sustainability. We explain the key issues and help shape the discussions, which is reflected in the quality and depth of advice, and the products that we are able to offer our clients.
Our goals are to:
- deliver investment products that support impact and socially, responsible themes
- support the transition to a low carbon economy in advisory and capital markets including supporting issuance of green and sustainable bonds
- work towards full integration of ESG into investment research
- make sustainability the everyday standard across the firm