French bank hires SRI analyst as broker expansion continues

Natixis aims to broaden global ESG research capacity.

Natixis, the Paris-based investment bank, is the latest to announce it is seeking new staff in its SRI equity research division as brokers beef up their sustainability capabilities.
The French bank is recruiting a sell-side SRI analyst in its Paris office as part of expansion plans. It is understood that the bank aims to broaden its research capabilities internationally and increase business outside of its core French market.
Natixis is the corporate, investment and financial services arm of BPCE, the 2nd-largest banking group in France, a combination of Banques Populaires and Caisses d’Epargne. The group also includes Natixis Asset Management, which has a sizeable business in responsible and environmental investing.Natixis said the new broker hire, working under Orith Azoulay, head of SRI research, will focus on integrating extra-financial issues (ESG, Environment, Social, Governance) into global financial analysis to assess companies’ risks and opportunities.
Investment banks have recently been shifting into hiring mode after some laid off SRI research analysts during the financial crisis.
Recently, HSBC hired Zoe Knight, former senior director of socially responsible investing (SRI) research at Merrill Lynch in London, for a new role as director of climate change strategy. For its part, Merrill Lynch is resurrecting its dedicated SRI research team and has hired the former co-heads of French investment bank Société Générale’s sustainability team Valéry Lucas-Leclin and Sarbjit Nahal, to run it.
Link to Natixis hire