June 1 (Reuters) – Citigroup Inc (C.N) has employed former UBS Group AG (UBSG.S) banker Dan Ford as a vice chairman throughout the pure sources and clear power transition group of its funding financial institution, in accordance with an inside memo seen by Reuters on Thursday.
Ford has been working with Citi as an exterior senior advisor over the previous 12 months on energy, utilities, and renewable power issues, in accordance with the memo from Michael Jamieson and Sandip Sen, the financial institution’s international heads of pure sources and clear power transition.
“Dan has made a fabric impression in deepening consumer relationships with various our company shoppers,” Jamieson and Sen stated.
A Citi spokesperson declined remark.
Over a 25-year profession in banking, Ford has been primarily targeted on the facility and utilities sector. He beforehand headed up analysis protection of such firms in North America at UBS, per the memo.
Notable power offers that Citi has suggested on this 12 months 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 fuel manufacturing property in South Texas.
Reporting by Anirban Sen and David French in New York, Modifying by Nick Zieminski
Our Requirements: The Thomson Reuters Belief Ideas.
