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Citigroup announced the formation of a new clean energy-focused advisory group Thursday.
The group is an outgrowth of its existing natural resources and clean energy transition group.
Sandip Sen, cohead of the NRCET group, shared more details with Insider about the new subdivision.
Citigroup is taking steps to build out a specialized unit within its banking, capital markets, and advisory division concentrated on advancing clients' sustainability efforts.
The clean energy transition (CET) group, a division of Citi's recently-established natural resources and clean energy transition (NRCET) banking advisory group, will be set up effective immediately, per an internal memo reviewed by Insider. The memo was sent by Steve Trauber and Sandip Sen, the NRCET group co-heads.