BofA to Add Headcount, Expand Scope for Transition Business
- BofA sees growth in gas and power markets, carbon trading
- BlackRock has identified transition as a ‘mega’ economic force
A Bank of America location in New York.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
Bank of America Corp. plans to expand the scope of its commodity energy transition business, a move it says will require additional headcount as more clients look to reduce their carbon footprint.
The bank is expanding its presence in global gas and power markets as well as in environmental products trading in response to client demand, according to George Cultraro, global head of commodities trading.