The Swiss bank appoints one of its investment bankers to a key sustainability role.
Zurich-based UBS is naming Laurent Bouvier to front a new team of investment bankers focused on environmental, social, and governance responsibility, according to a memo seen by finews.com. Bouvier, a managing director, is currently co-head of the global industries group, with Charles Otton.
Bouvier’s promotion is part of a wider push by UBS and other investment banks to increasingly consider so-called ESG criteria in traditional sectors like industry. Wall Street rivals like Goldman Sachs and Deutsche Bank have already set up similar teams, which first reported Bouvier’s appointment.
A dealmaking veteran, Bouvier will be joined by Armin Peter and Samantha Sutcliffe, who have devoted themselves to sustainable banking and finance efforts at UBS since 2019. Peter is the global head of debt syndicate and the head of sustainable banking in the European, Middle East, and Africa regions. Sutcliffe is the head of green and sustainable finance.
Bouvier previously spent more than 16 years at Credit Suisse, also as an MD, before joining UBS in 2015. He will be replaced in his current job by Philippe Chryssicopoulos, who will co-lead the industrials group with Otton.