Morgan Stanley, Calyon and BNP Paribas have been appointed joint global co-ordinators to a €2.4bn ($3bn) rights issue from French utility group Suez. Morgan Stanley and Calyon will be sole bookrunners.

The issue will help fund Suez's €11.4bn buy-out of the 49.9% it does not already own of Belgian utility Electrabel.

BNP Paribas joins Suez €2.4bn rights issue

Nathalie Boschat

David Rothnie

BNP Paribas

Morgan Stanley

Crédit Agricole

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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