Credit Suisse has hired a senior negotiator to lead a new unit of bankers focused on the energy sector, as large investment banks increasingly prepare for the transition of companies to cleaner fuel sources .
The Swiss bank has appointed Francesco Bedina as managing director and group head of energy and infrastructure for Europe, the Middle East and Africa, according to an internal memo consulted by Financial news and confirmed by a bank spokesperson.
Bedina, who comes from Guggenheim Partners, will also sit on Credit Suisse’s ESG steering committee.
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“Francesco will lead our efforts in the field of energy and infrastructure in Europe at a time when the theme of energy transition is accelerating and of strategic importance for our client companies in the sectors of electricity, oil and gas, in particular, as well as other industries, ”the memo reads. from Jens Welter, director of investment bank Emea at Credit Suisse, and Rob Santangelo and Randy Bayless, who co-lead the bank’s global energy and infrastructure group, read.
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Bedina has “increasingly assisted strategic and financial clients [to] define and execute their emerging energy transition strategies “, adds the note.
Investment banks are increasingly recruiting negotiators to focus on what is expected to be a huge fundraising and M&A pool as companies move away from fossil fuels to more energy sources. clean.
Citigroup has appointed newcomers Marie-Christine Olive and Philip ten Bosch as the new leaders of a clean energy transition group in Europe, FN reported, while Nomura bases its latest expansion on Wall Street on sustainability issues.
Meanwhile, UBS has promoted Laurent Bouvier to head a new ESG advisory group within its global banking business.
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