Founded in 2009 by Jeff McDermott, previously a cohead of investment banking at UBS Group AG, Greentech specializes in sustainable investing. It has helped Macquarie Group Ltd, Goldman Sachs Group Inc and others buy and sell wind and solar farms. The Tokyo-based firm unveiled plans earlier this year to boost its advisory business for companies in markets including the US, while cutting expenses in areas such as securities trading. “We are looking to grow our global investment bank, we’re looking to grow our presence in the Americas, and we’re looking to grow our advisory business,” Nomura Americas investment banking head Michael Rintoul said by telephone. Daiwa Securities Group Inc is also bolstering its advisory business in the environmental sector.

Source: Taipei Times December 12, 2019 15:56 UTC