ESG & Investing
Barclays Assembles 100 Investment Bankers in New Energy Team
- New unit to be filled with existing staff from within the bank
- Energy transition has been dubbed a ‘mega force’ in finance
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Barclays Plc is establishing an energy transition team inside its corporate and investment bank, as it looks to capitalize on the shift away from fossil fuels.
The new unit will comprise more than 100 bankers, according to a person familiar with the move who asked not to be identified discussing non-public information. The division will be made up of existing staff with expertise in power markets and natural resources as well as sustainable and impact investment banking, according to an emailed statement that confirmed the creation of the team but didn’t include its size.