INSIGHT by Barclays
| Barclays announced new additions to its Investment Bank teams leading work on environmental, social and governance-related finance work with clients, with Managing Director and Director appointments in Equity Capital Markets, Debt Capital Markets, and Advisory.
“The financial services industry has a significant role to play in helping the world move to a greener and more sustainable future. These appointments will provide significant expertise and focus for our clients on ESG topics,” says Joe McGrath, Global Head of Banking. “Barclays has clear guidelines and targets in place for our work, to reduce significantly the impact that finance has on climate change. Through these appointments, we are demonstrating our ongoing commitment to ensure that Barclays is at the forefront of the financial services industry’s work around all ESG-related topics.”
Justin Peagram, a Managing Director in Banking Coverage, joins the Sustainable and Impact Banking (SIB) team, and will focus on sustainable energy and other emerging growth areas. Justin joins SIB from the Natural Resources Banking team, where he spent the past 13 years covering clients in the upstream, midstream and infrastructure sectors. In this new role, Justin will lead Barclays’ efforts in identifying and covering emerging growth companies whose businesses and platforms span the spectrum of clean energy, from new technologies and energy sources, to energy transition and related infrastructure requirements. Justin will work alongside Jed Lynch, Head of Americas SIB, May Jaramillo, Head of European SIB, and the rest of the SIB team. Created last fall, Barclays’ SIB team is the investment banking industry’s first-ever coverage team focused on working with emerging and growth companies that are solving environmental or social challenges, and on advising clients on sustainable growth strategy and finance.
Amit Chandra, a Managing Director in Equity Capital Markets (ECM), is leading Barclays’ Equity Capital Markets Sustainable and Impact Banking effort in the Americas. Amit’s team is responsible for partnering with colleagues across the broader ECM and industry coverage teams to identify and originate equity solutions for companies whose businesses are focused on solving environmental issues. Amit also continues in his role as Americas Head of the Natural Resources vertical within ECM, and will continue to report to Kristin DeClark and Taylor Wright, Co-Heads of Americas ECM.
Greg Cass and Atul Jhavar, Directors in Debt Capital Markets (DCM), join the team led by Susan Barron, Global Head of Green & Sustainable Capital Markets, to run Barclays’ green, social and sustainability debt financing business for investment grade clients in the Americas and Asia-Pacific, respectively. In their roles, Greg and Atul will continue to work with partners in DCM and Fixed Income Syndicate in their respective regions to originate, structure and execute ESG debt products.
And, as green, social and sustainability-linked products are becoming increasingly important in the non-investment grade market, Alex Dyroff and Eldar Pius will serve as ESG ambassadors within Barclays’ Leveraged Finance business in the Americas and in Europe and the Middle East, respectively.
For the first half of 2020, Barclays ranked second in sustainability-linked bond underwriting globally, according to Refinitiv.
At Barclays’ 2020 Annual General Meeting, shareholders voted 99.93% in support of Barclays’ climate change objectives, as detailed in Barclays’ Climate Change policy.
| More detail can be found on Barclays’ ESG resource hub.
| All opinions expressed are those of the author. investESG.eu is an independent and neutral platform dedicated to generating debate around ESG investing topics.