Barclays announced today the establishment of a new Sustainable Banking Group within its Capital Markets business, bringing together the bank’s Sustainable Capital Markets and ESG Advisory teams, in a move aimed at addressing the sustainability needs of clients across industries.

According to Barclays, the newly formed business will combine its capabilities across M&A, Equity, Debt and Risk Management capabilities, offering clients with a tailored approach to coverage, advice and execution.

Travis Barnes, Global Co-Head of Capital Markets at Barclays, said:

“Combining the expertise of our superb sustainable capital markets team and ESG advisory businesses will enable us to better support clients’ ambitions to finance their sustainability and transition journeys.”

The new business will be led by Susan Barron and Cindy Quan, who have been appointed as Co-Heads of Sustainable Banking Group.

Barron has been with Barclays since 2010, most recently serving as Global Head of Sustainable Capital Markets. Quan joined the firm in 2023 from Goldman Sachs, and has been serving as Head of Americas ESG Advisory.

The establishment of the new business marks the latest in a series of moves by Barclays to expand its sustainable finance capabilities and teams, including the launch earlier this month of a new Energy Transition Group within its Corporate and Investment Bank. In 2022, Barclays announced a goal to facilitate $1 trillion of sustainable and transition financing between 2023 by the end of 2030. In July the company said that it has delivered over £87 billion ($112 billion) of green finance towards its goal to date.

Daniel Hanna, Global Head of Sustainable Finance at Barclays, said:

“We want to partner with our clients as they manage the opportunities and challenges of the transition to a low carbon future. Under Susan and Cindy’s leadership, we have created a single team that can work across all industries and our M&A, equity and debt capabilities. The combined teams will work closely with our newly formed Energy Transition Group and other teams such as Sustainable Project Finance to support clients to navigate market volatility and access the best solutions.”