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BNP Paribas hires Peter Zink Secher to lead ESG advisory ratings in Europe

French lender becomes the latest to eye lucrative new revenue stream from climate issues

A BNP Paribas branch in Paris
A BNP Paribas branch in Paris Photo: Nathan Lane/Bloomberg/Getty Images

BNP Paribas has launched a new advisory unit on ESG issues in Europe, joining a range of investment banks looking to capitalise on the shift towards a more sustainable economy.

The French bank has hired Peter Zink Secher as head of ESG ratings advisory in Europe, the Middle East and Africa, it said in a statement. The role is newly created and Zink Secher joins BNP Paribas from Danish financial services firm Nykredit.

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