UniCredit has revealed its newly-created sustainable finance advisory team.
The team of seven will be led by Antonio Keglevich, who takes up the position of global head of sustainable finance advisory, effective immediately.
Keglevich previously held the role of head of sustainability bond origination at UniCredit.
He will continue to be based in Munich, reporting to Goffredo Guizzardi and Christian Reusch, co-heads of global finance and advisory.
Aside from Keglevich, there will be six other people in the new team.
UniCredit’s sustainable finance advisory team will guide clients on brown to green transition strategies whilst supporting the origination of ESG finance mandates with corporates and financials. A spokesperson for the bank tells GTR that the team will also help determine project categories that are eligible to be used under the term “sustainable finance”.
The team will work alongside UniCredit’s existing equator principles advisory team, which provides risk management for determining, assessing and managing environmental and social risk in projects.
Keglevich says that the market for green loans is set to break records due to “positive investor pressure” to increase sustainable financing.
Richard Burton, UniCredit’s head of corporate and investment banking, comments: “In recent years, sustainable growth and how to achieve it has become a primary concern for investors, institutions and companies around the world.”
In 2018, UniCredit played a role in seven sustainability-linked revolving credit facilities, participating in 11 transactions for a total of €18.7bn. Most recently, in September, UniCredit signed a €1bn revolving credit line with Italian utility group Enel to expand and diversify Enel’s sources of sustainable financing.