NatWest Markets Legal team has been named In-house Debt Team of the Year at the IFLR Europe Awards 2020.
We were assessed alongside a total of 14 banks this year and the shortlisted banks included BofA Securities, BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs & Co, HSBC and JP Morgan.
Commenting about the win, IFLR said, “The in-house debt capital markets lawyers at NatWest Markets had their work cut out for them last year with the bank’s hefty roles as solicitation agent on the winning Associated British Ports Libor-to-Sonia bond switch, the first ever successful amendment of a floating rate note to reference an alternative rate instead of Libor; as underwriter on the shortlisted RBS social bond; and as one of the group of five underwriting banks on the Pinewood Studios £550 million high yield offering. Away from the shortlist, the team also acted as a manager on an innovative green hybrid bond by Engie. It was an impressive showing when pitted against the other heavyweight shortlisted teams.”
Lizzie Meager, Managing Editor of IFLR stated “The debt team at Natwest Markets stood out throughout 2019 with key roles on a number of pioneering transactions, but it was its work in the benchmark reform space that really caught our eye. Reforming Libor is one of the most significant logistical challenges financial services has ever faced, and Natwest Markets’ work in this area has paved the way for others to follow.”
“We’re delighted to have won this prestigious award. This accolade recognises the NWM Legal team’s strong focus on innovation, on creating and delivering the best outcomes for our clients and our close partnership with the NWM business”, said David Hopkins, Head of Debt Capital Markets Legal.
James Esposito, General Counsel, NatWest Markets added, “Our legal team continues to draw on their extensive experience to adapt to the ever evolving needs of our clients, and the broader financial, economic and regulatory environment. I’m delighted their adaptability, hard work and commitment has been rewarded with this accolade.”
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