Citi reforms specialist SRI broker team and hires Jupiter SRI analyst

Hire suggests new demand for ESG broker research.

Citi, the US investment bank, has announced that it is reforming its specialist Sustainable and Responsible Investment (SRI) broker research unit and has hired Jenny Anderson, an SRI analyst at Jupiter Asset Management, to join the team. The move indicates a pick up of demand for sustainability research following cuts to a number of broker teams a year and a half ago. In December 2008, Responsible Investor revealed that Citi had cut its specialist SRI broker team and that analysts Mike Tyrell and Natalie Davis had left the company.Following the departure of Tyrell and Davis, Citi integrated SRI research into its mainstream broker research departments under Meg Brown, a former member of the specialist team. Citi said that Anderson would work with Brown to reform the specialist team in Europe, supported by a third analyst, Gareth Williams, in equities covering SRI specialist clients. It said the new team aimed to broaden Citi’s sustainable investment research offering by expanding coverage from climate change to wider environmental and social issues including health and safety, water stress and ethical consumption trends.