Citi Adds Investment-Banking Division Focused on Sustainability

Citigroup Inc. said it will create a division within its investment-banking unit after the coronavirus pandemic increased the importance of sustainability plans for corporations around the world.

The division, known as the sustainability and corporate transitions group, will be led by Keith Tuffley and Bridget Fawcett, according to an internal memo to employees Tuesday. The bank is also creating an advisory group made up of outside experts on topics including climate and earth sciences.