Investors cut emerging market bond positions by most in 5 yrs -JPMorgan survey

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Bloomberg

ESG Skills Are a Hot Item on Today’s Resumes

(Bloomberg) — Banks are on a hiring spree to compete for market share in sustainable debt, one of the fastest-growing parts of finance.Firms including Citigroup Inc., HSBC Holdings Plc, and Barclays Plc have snapped up people for bond sales, research or global sustainability roles this year as they build teams. Aside from poaching talent, they are tapping expertise among scientists, politicians and think tanks.“We are actively hiring, we typically get 100 plus CVs per role,” said Arthur Krebbers, head of sustainability, corporates at NatWest Markets Plc, whose expansion has pushed it into the top 10 sustainable debt underwriters this year.The rush for staff shows the rise of debt tied to environmental, social or governance factors as an emerging money-spinning asset class for banks. They have already made an estimated $1.8 billion in fees so far this year from such customers, and that will…

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