The Traderszone Network

Published in TZ Latest News 10 March, 2015 by The TZ Newswire Staff

Exclusive: UBS poaches Bank of Montreal oil banking team – sources

The moves come amid plummeting oil prices that have prompted banks to try to lure talented energy bankers with deep technical expertise to help them win new investment banking business from companies looking to shed assets. The investment banking business in the oil and gas sector has shifted from a focus on initial public offerings when oil prices were high, to advising companies on deals to raise cash, as their earnings dwindle in a lower oil price environment.