JP Morgan creates new green banking leadership role

Virginia Furness

Thu, May 8, 2025, 6:09 AM 1 min read

By Virginia Furness

LONDON (Reuters) -JP Morgan has bolstered its greenish concern and advisory offering successful Europe with a caller part caput to enactment clients crossed renewable vigor and greenish technology.

The Wall Street lender has promoted Kai-Christian Nerger to the recently created relation of caput of greenish system banking for Europe wrong its planetary firm banking business, an interior memo seen by Reuters connected Thursday said.

Nerger, who has been astatine JP Morgan for much than 10 years, volition pb a squad helping the bank's European clients trim their c emissions and payment from maturation opportunities successful the greenish economy.

Nerger antecedently worked successful the bank's diversified industries and powerfulness and renewables sum teams. Most precocious helium was focused connected industrial, inferior and greenish system clients successful Germany, the memo said.

There has been a scaling backmost of clime ambitions astatine immoderate North American and European banks, some earlier and aft the predetermination of U.S. President Donald Trump. JP Morgan itself successful aboriginal January exited a banking confederation aimed astatine furthering clime ambitions successful the sector.

JP Morgan said successful the memo that it continues to absorption connected helping clients standard vigor modulation and clime tech businesses astir the world.

JP Morgan has earmarked $1 trillion for initiatives that enactment clime enactment and facilitated $242 cardinal towards its greenish people since 2021.

(Reporting by Virginia Furness; Editing by Ewan Harwood)