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Trading Carbon : November 2011
10 PEOPLE MOVES On the move EcoSecurities chief executive Paul Kelly (right) has returned to parent company JP Morgan to take up a role as chief fnancial offcer (CFO) of the US-based investment bank’s global commodities division, according to a well-placed source. James Thompson, CFO of EcoSecurities, and Jose Tumkaya, recently appointed chief operating offcer (COO) at the UK-based developer of emission reduction projects, will now jointly run the frm’s daily operations, the source said. An EcoSecurities spokeswoman would not comment on the appointments. Tumkaya, previously head of portfolio management at EcoSecurities, replaces former COO Adrian Fernando, who remains on the company’s executive management team, but is on extended leave due to personal reasons, the source said. “James will focus on corporate services and implementation, while Jose will focus on portfolio management and origination,” the source said, adding that Kelly will remain a member of EcoSecurities’ board. Kelly took the helm at EcoSecurities nearly two years ago, after the frm, which boasts one of the world’s largest portfolios of CDM projects, was bought by JP Morgan. Egbert Liese (below) has joined Netherlands-based environment consultancy Climate Focus as senior consultant and carbon market expert. He was previously a managing director and principal portfolio manager at carbon asset manager Natsource. James Smith has been appointed chairman of the Carbon Trust. Smith was formerly chairman of oil giant Shell UK and replaces Sir Ian McAllister, who had been in the post for 10 years. The Trust is a London-based, not-for-proft organisation that provides support to the private sector to help businesses cut their emissions. Climate Change Capital (CCC) has appointed Mark Macleod as interim chief executive offcer (CEO) following the resignation of Shaun Mays. Macleod was previously the company’s CFO, while Mays’ place on the CCC board will be taken by Ian Temperton, head of advisory. Mercuria Energy, a Switzerland-based commodities trading house, has parted with another member of its carbon trading desk. Franck Bernard, head of business development for carbon markets, has left the company. Bernard’s departure is the second from Mercuria’s carbon desk in the space of four months. In June, trader Daniel Mulder also left the company. An offcial at Mercuria confrmed Bernard’s departure, but said the number of staff on the company’s carbon desk had not been reduced as it had made “recent hires,” without providing details. Takashi Hongo has joined the Mitsui Global Strategic Studies Institute in Tokyo. He will be responsible, among other things, for environmental fnance and emissions trading. Hongo was previously special advisor, environment business promotion at the Japan Bank for International Cooperation. Istvan Bart, former policy offcer at the European Commission’s DG Climat offce and advisor to the Climate Change Unit, Ministry of National Development, Hungary has launched a climate policy consultancy in Budapest. Called Klimapolitika, the company will specialise in emissions trading, project-based mechanisms and adaptation of cities, he said. Geneva-based carbon project certifcation group Gold Standard has appointed three new board members. David Shelmerdine, founding director and deputy chairman of ClimateWorks Australia, and James Stacey, a partner at the sustainable infrastructure asset manager Earth Capital Partners, have both joined the board. Meanwhile, Rob Fowler, who recently set up advisory frm Essential Change, has joined the board to represent the foundation's independent technical advisory committee. Former European Climate Exchange CEO Patrick Birley has joined London-based public relations frm Rostron Parry as non- executive deputy chairman. “I hope to develop their strong client list by building further contacts in the international exchange- traded and OTC (over-the-counter) space and a range of related areas,” Birley said. www.pointcarbon.com
December - January 2011