UBS has created a new ESG advisory team, promoting a senior dealmaker to lead the unit as investment banks increasingly shake-up their ranks to capitalise on an expected wave of deals in the sector.

Laurent Bouvier has been named global head of environmental, social and governance advisory, according to a memo seen by Financial News. His appointment reflects the Swiss bank's ambition to "produce incremental revenue across our client base by applying an ESG lens to business selection, client coverage, pitching and execution", the memo said.