Citi utilities advisor departs bank

30 July 2019 - 12:00 am UTC

Citi power and utilities specialist and head of investment banking for Denmark Nicholas Blach Petersen has left the investment bank after nearly eight years, sources said.


Citi is now seeking a replacement head of investment banking for the Scandinavian country and his role there is meanwhile being covered by the co-heads of Nordic investment Lars Ingemarsson and Ari Mäkelä, one of the sources said. 


Blach Petersen, who was based in London despite his Danish role, could not be reached for comment.  Citi declined to comment. 


Projects Blach Petersen worked on during his time at Citi included advising on the sale of Danish energy company Orsted’s electricity grid business Radius, which was abandoned earlier this year due to political opposition.


Prior to Citi he was at Rothschild for six years. He was in the Danish army for more than two years between 1999 and 2001 before studying at the University of Copenhagen and Warwick Business School in the UK. 


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