June 1 (Reuters) – Citigroup Inc (C.N) has employed former UBS Group AG (UBSG.S) banker Dan Ford as a vice chairman inside the pure sources and clear vitality transition group of its funding financial institution, in response to an inside memo seen by Reuters on Thursday.
Ford has been working with Citi as an exterior senior advisor over the previous yr on energy, utilities, and renewable vitality issues, in response to the memo from Michael Jamieson and Sandip Sen, the financial institution’s world heads of pure sources and clear vitality transition.
“Dan has made a fabric influence in deepening consumer relationships with plenty of our company shoppers,” Jamieson and Sen stated.
A Citi spokesperson declined remark.
Over a 25-year profession in banking, Ford has been primarily centered on the ability and utilities sector. He beforehand headed up analysis protection of such firms in North America at UBS, per the memo.
Notable vitality offers that Citi has suggested on this yr embody Vistra Corp’s (VST.N) $3.43 billion acquisition of energy era agency Vitality Harbor, in addition to Chesapeake Vitality Corp’s (CHK.O) divestiture of a few of its oil and gasoline manufacturing belongings in South Texas.
Reporting by Anirban Sen and David French in New York, Enhancing by Nick Zieminski
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