Oct 21 (Reuters) - JPMorgan Chase ( JPM ) has rehired

scientist Sarah Kapnick to advise its corporate and investment

banking clients, according to an internal memo seen by Reuters

on Monday, as the Wall Street giant ramps up its climate

advisory offerings.

Kapnick rejoins JPMorgan ( JPM ) as the global head of climate

advisory within the firm's commercial and investment bank (CIB)

unit. She will advise the bank's clients on climate, energy,

biodiversity and sustainability topics.

Her expertise will help clients "realize the economic

opportunities of the transition to a low carbon economy, and

build resilience to extreme weather and climate events," Troy

Rohrbaugh, co-CEO of CIB, said in the memo.

Kapnick initially joined JPMorgan ( JPM ) in 2021 from the U.S.

Department of Commerce, National Oceanic and Atmospheric

Administration (NOAA), and left a year later when President Joe

Biden appointed her as chief scientist for the government

organization.

In her first stint with the bank, Kapnick served as the

senior climate scientist and sustainability strategist for its

asset and wealth management business.

Rama Variankaval, JPMorgan's ( JPM ) global head of corporate

advisory, said in the memo energy transition was a significant

global commercial opportunity with the potential to generate

economy-wide growth.

"Decarbonization and energy transition are major trends

influencing capital formation," the memo said.

Kapnick will report to Variankaval and work closely with the

firm's chief risk officer, Ashley Bacon, the memo showed.