Barclays launches new energy transition and sustainable banking teams
Barclays has launched a new energy transition group within its corporate and investment bank. The unit will consist of around 100 bankers and will be responsible for providing strategic advice to clients as they explore potential energy transition opportunities.
The new team will be sourced from industry sector specialists from within Barclays’ global natural resources, power, sustainable and impact investment banking teams. They will be responsible for advising the bank’s clients on a range of energy transition topics, including hydrogen, energy transition finance, carbon capture, renewables, nature-based solutions and renewable natural gas.
The unit will be led by Mike Cormier, who has been appointed as global head of the energy transition group. He will report to global co-heads of investment banking Cathal Deasy and Taylor Wright and work in partnership with Daniel Hanna, global head of sustainable finance. Mr Cormier takes on the role after leading Barclays’ Americas energy team since 2021.
In addition, Barclays has named the leaders of a new sustainable banking group that will sit within its capital markets team. Susan Barron, its current global head of sustainable capital markets and Cindy Quan, head of Americas ESG advisory, will co-lead the newly formed business, which combines its sustainable capital markets and ESG advisory teams.
The two newly established teams will collaborate closely to enable Barclays to address the sustainability needs of its clients across all industries. By integrating expertise in M&A, equity, debt, and risk management, the bank aims to offer its clients a tailored approach to coverage, advice and execution.
Barclays recently announced a target to facilitate $1tn of sustainable and transition financing by 2030. The new target marks a substantial rise from the bank’s initial commitment of $150bn by 2025.
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Susan Chan, head of Asia-Pacific – BlackRock |
BlackRock, the world’s largest asset manager, with more than $9tn under management, has promoted Susan Chan to head of Asia-Pacific. She succeeds Rachel Lord, who will relocate to London to take on a new role as head of international.
Based in Hong Kong, Ms Chan will oversee a comprehensive array of business, client, investment and operational platforms that cater to both wealth and institutional investors across BlackRock’s offerings in the Asia-Pacific region.
Ms Chan first joined BlackRock in 2013 and brings more than three decades of industry experience. Her recent positions include serving as the deputy head of Asia-Pacific, head of Greater China, and head of trading, liquidity, and lending for Asia-Pacific. Prior to her tenure at BlackRock, she held positions at Deutsche Bank and Barclays.
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Simon Atkins, European head of treasury and financial markets – ABC International Bank |
Bahrain-headquartered Bank ABC has appointed Simon Atkins as European head of treasury and financial markets. He will replace Martin Westacott, who has held the role for the past six years. Mr Atkins will report to Rajeev Adrian, CEO of ABC International Bank, with a functional reporting line to Christopher Wilmot, group head of treasury and financial markets.
Mr Atkins possesses more than 25 years’ of financial services experience. He was most recently head of financial markets, traded products and sales at Lloyds Bank in Singapore from 2015 to 2022.
