Drax, the energy group, is making the contenders for its latest corporate broking mandate fight it out in an Apprentice-style challenge. UBS this week secured the mandate to be Drax’s co-corporate broker, alongside Deutsche Bank, pipping Citigroup and Credit Suisse, after a mammoth five-month process in which a longlist of nearly a dozen brokers was cut to the three-strong shortlist.  For the final task, UBS, Citi and Credit Suisse were each told to organise an event – for UBS, an investor dinner in London; for Citi, a two-day roadshow in New York and Boston; and for Credit Suisse, a European roadshow in Amsterdam, Geneva and Zurich, the FT said.

This entry was posted by Stacy-Marie Ishmael on Friday, July 10th, 2009 at 4:37 and is filed under Capital markets. Tagged with citigroup, credit suisse, deutsche bank, Drax, ubs. Edit this entry.