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Citi creates new team of bankers for ‘fast-growing demand’ in ESG bonds

A memo to staff said Philip Brown, head of Citi's public sector DCM business, will run the new global unit

Customers use an automated teller machines (ATM) at a Citigroup Inc. Citibank branch in Chicago, Illinois, U.S., on Saturday, Oct. 12, 2019. Citigroup is scheduled to release earnings figures on October 15. Photographer: Daniel Acker/Bloomberg via Getty Images
Customers use an automated teller machines (ATM) at a Citigroup Inc. Citibank branch in Chicago, Illinois, U.S., on Saturday, Oct. 12, 2019. Citigroup is scheduled to release earnings figures on October 15. Photographer: Daniel Acker/Bloomberg via Getty Images Photo: Getty Images

Citigroup has created a new team of bankers dedicated to generating sustainable bonds as the US investment bank continues its push into environmental and sustainable banking, which it says will surge in the wake of the coronavirus crisis.

Senior dealmakers in London, New York and Hong Kong have been shifted into the new team, called global sustainable debt capital markets, according to a memo sent to staff seen by Financial News.

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