Barclays Appoints Rafael Abati as Co-Head of Energy Transition Group in EMEA

Barclays introduced the appointment of Rafael Abati as Co-Head of the Power Transition Group (ETG) in EMEA, supporting the financial institution’s shoppers as they navigate the transition to a low carbon economic system, and specializing in deepening consumer relationships to drive Barclays’ M&A and ECM market share.

The appointment follows the launch by Barclays of its new Power Transition Group inside its Company and Funding Financial institution in January, answerable for advising shoppers within the exploration of vitality transition alternatives, and supporting shoppers on the trail to web zero. In 2022, Barclays introduced a purpose to facilitate $1 trillion of sustainable and transition financing between 2023 by the top of 2030. 

Freier will work alongside ETG in EMEA Co-Head Marie Freier. Freier joined Barclays in 2021, and previous to her present function was most lately serving as International Co-Head of Sustainable and Influence Funding Banking (SIB).

Cathal Deasy, Co-Head of Funding Banking at Barclays, mentioned:

“On the core of our Funding Banking technique is a dedication to constantly focus, align, and ship in opposition to our precedence shoppers with a solutions-driven mindset. Rafael and Marie will make a formidable management group for our EMEA ETG franchise, and I’m excited concerning the potential to advance our management place in differentiated consumer protection.”

Abati joins Barclays from UBS, and Credit score Suisse previous to its acquisition by UBS, the place he labored for almost 20 years, most lately serving as Head of Power & Infrastructure M&A for Europe and Head of M&A for Iberia, the place he suggested on strategic transactions for energy and vitality sector shoppers together with EDP, Iberdrola, IFM, EQT, CVC, Naturgy, Enel and Repsol.

Mike Cormier, International Head of the Power Transition Group at Barclays, mentioned:

“Rafael’s deal expertise within the energy and vitality sectors enhances Marie’s experience in ClimateTech funding banking and sustainability analysis – of which each are materials property to Barclays as we search to supply the capital and strategic recommendation for shoppers. Our group is now strongly positioned globally, and significantly in Europe, to help electrification and decarbonization initiatives for our shoppers, particularly in arduous to abate sectors.”