Citigroup is set to move around 100 mid-ranking bankers, hire senior dealmakers and shift some of its top bankers into a new unit targeting environment and sustainability transactions, which its co-head of investment banking said will accelerate in the wake of the coronavirus crisis.

The US bank in an announcement today kick-started a new team, led by veteran investment bankers Keith Tuffley and Bridget Fawcett, aimed at advising companies on their ESG — or environment, social and [corporate] governance — strategies. The division, called the sustainability and corporate transitions group, will help generate a broader range of work for the bank, its leaders hope.