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When
Deutsche Bank launched a US$750m US high-grade bond just over a week ago there were some unusual names as active leads, including CastleOak Securities, Loop Capital and Mischler Financial. They were among six firms picked as joint lead managers on the deal, and bankers have praised the active roles given to the firms to push forward diversity and inclusion efforts.
Wall Street’s big banks are taking action to make capital markets and finance more diverse. That’s partly due to the heightened focus on racial issues and inequality in the past year, but also because banks are keen to attract new investors who are demanding more focus on sustainability and social issues.
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