Citi appoints Pang to head clean energy banking in Asia
Reuters
Published Oct 04, 2021 10:20PM ET
HONG KONG (Reuters) - Citigroup (NYSE:C) has appointed William Pang as the head of its Natural Resources and Clean Energy Transition (NRCET) Investment Banking unit in Asia, according to a statement from the bank.
Pang joined Citi in 2015 and will continue to lead infrastructure investment banking in Asia, the statement said.
NRCET was established globally https://www.reuters.com/article/us-citigroup-esg-idUSKBN2BL28M in March this year to work with the bank's clients on transitioning to cleaner energy.
Three of Citi's banking groups - chemicals, energy and power - were consolidated into one as part of a push to grow the bank's environmental sustainability coverage.
Pang will report to Jan Metzger, Citi Asia Pacific head of Banking, Capital Markets and Advisory, and globally to NRCET co-heads Stephen Trauber and Sandip Sen.
"Clean energy transition is a global super trend that is accelerating rapidly and will last decades," Metzger said in the statement.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.