Stock Market News

Citigroup hires former UBS banker for energy dealmaking – memo

2023.06.01 14:09


© Reuters. FILE PHOTO: The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly

By David French and Anirban Sen

(Reuters) – Citigroup Inc (NYSE:) has hired former UBS Group AG (SIX:) banker Dan Ford as a vice chairman within the natural resources and clean energy transition group of its investment bank, according to an internal memo seen by Reuters on Thursday.

Ford has been working with Citi as an external senior advisor over the past year on power, utilities, and renewable energy matters, according to the memo from Michael Jamieson and Sandip Sen, the bank’s global heads of natural resources and clean energy transition.

“Dan has made a material impact in deepening client relationships with a number of our corporate clients,” Jamieson and Sen said.

A Citi spokesperson declined comment.

Over a 25-year career in banking, Ford has been mainly focused on the power and utilities sector. He previously headed up research coverage of such companies in North America at UBS, per the memo.

Notable energy deals that Citi has advised on this year include Vistra Corp’s $3.43 billion acquisition of power generation firm Energy Harbor, as well as Chesapeake Energy Corp (NYSE:)’s divestiture of some of its oil and gas production assets in South Texas.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 84,529.65 0.96%
ethereum
Ethereum (ETH) $ 1,948.70 2.83%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.37 2.30%
bnb
BNB (BNB) $ 628.61 4.35%
solana
Solana (SOL) $ 129.99 0.92%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.728681 3.03%
dogecoin
Dogecoin (DOGE) $ 0.175859 2.83%
tron
TRON (TRX) $ 0.219957 2.45%
staked-ether
Lido Staked Ether (STETH) $ 1,945.75 2.80%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,282.58 0.81%
pi-network
Pi Network (PI) $ 1.34 4.25%
leo-token
LEO Token (LEO) $ 9.83 2.86%
chainlink
Chainlink (LINK) $ 14.08 3.84%
the-open-network
Toncoin (TON) $ 3.49 2.89%
stellar
Stellar (XLM) $ 0.276642 3.13%
usds
USDS (USDS) $ 1.00 0.01%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,332.25 3.23%
hedera-hashgraph
Hedera (HBAR) $ 0.194281 4.25%
avalanche-2
Avalanche (AVAX) $ 18.99 2.08%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 2.09%
sui
Sui (SUI) $ 2.37 4.78%
litecoin
Litecoin (LTC) $ 93.66 3.34%
mantra-dao
MANTRA (OM) $ 6.97 2.30%
bitcoin-cash
Bitcoin Cash (BCH) $ 341.35 1.54%
polkadot
Polkadot (DOT) $ 4.42 3.88%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
weth
WETH (WETH) $ 1,948.01 2.75%
bitget-token
Bitget Token (BGB) $ 4.45 1.34%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.14%
hyperliquid
Hyperliquid (HYPE) $ 13.59 2.56%
whitebit
WhiteBIT Coin (WBT) $ 28.52 0.02%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,070.12 2.85%
monero
Monero (XMR) $ 211.47 0.27%
uniswap
Uniswap (UNI) $ 6.37 3.95%
susds
sUSDS (SUSDS) $ 1.04 0.01%
aptos
Aptos (APT) $ 5.43 4.77%
dai
Dai (DAI) $ 0.999869 0.01%
near
NEAR Protocol (NEAR) $ 2.67 5.26%
okb
OKB (OKB) $ 50.76 3.19%
pepe
Pepe (PEPE) $ 0.000008 12.89%
internet-computer
Internet Computer (ICP) $ 5.97 6.37%
mantle
Mantle (MNT) $ 0.836608 1.23%
ondo-finance
Ondo (ONDO) $ 0.884382 7.05%
ethereum-classic
Ethereum Classic (ETC) $ 18.03 2.68%
gatechain-token
Gate (GT) $ 21.98 2.82%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.94 10.15%
aave
Aave (AAVE) $ 176.20 5.46%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,558.66 0.94%