Bank of America has hired a senior dealmaker to head up a new unit focused on cleaner energy sources within its global markets business.
The US investment bank has hired Brett Orlando as global head of commodity transition, according to an internal memo seen by Financial News. In the new position at the bank, he will “deliver solutions to our clients in clean energy and low-carbon commodity markets”, the memo said.
Orlando has been heading up Net Zero Capital Advisory since February 2021, a specialist advisory firm focused on decarbonising the economy, which he founded after a 14-year career at Deutsche Bank. He also worked as an adviser to the Clinton administration and as senior policy advisor for climate change at IUCN-The World Conversation Union in Geneva.
READ Bank of America hires four senior dealmakers for ESG advisory team
He is based in London and reports to George Cultraro, head of global commodities at Bank of America.
His hire is the latest push by Bank of America to capitalise on growing demand from companies for advice on lowering carbon emissions and fighting climate change.
In August, it hired four senior dealmakers for a new team focused on ESG. Former BNP Paribas dealmaker, Alexandra Basirov, was named head of EMEA ESG advisory and financing solutions.
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Source: fnlondon.com
