Asia Pacific > OM Financial parts ways with emissions broker, but eyes Sydney opportunity

OM Financial parts ways with emissions broker, but eyes Sydney opportunity

Published 02:59 on February 10, 2016  /  Last updated at 13:56 on February 10, 2016  / Stian Reklev /  Asia Pacific, Australia, Bavardage, New Zealand

An emissions broker has left Auckland-based OM Financial to join electricity trading firm Switch Trading.

An emissions broker has left Auckland-based OM Financial to join electricity trading firm Switch Trading.

Dan Crawford left OM Financial last month after working on its carbon and energy desk since Mar. 2011, and has taken up the position as director of trading with Switch.

He has been replaced at OM Financial’s carbon desk by recent university graduate Daniel Tetro.

OMF’s carbon team, brokering allowances in the New Zealand emissions trading scheme, currently consists of Nigel Brunel, Michael Peters, Karl Arns, Matt Harper and Tetro, although Peters will soon relocate to Sydney, where the company is opening a new office.

“In Sydney we will be doing power, dairy, wholesale interest rates and foreign exchange, and carbon when it starts,” one company source told Carbon Pulse.

Australia has no current plans to set up a domestic carbon market, but many observers expect private sector demand for offsets and trading of international carbon credits to emerge after the upcoming 2017 climate policy review.

By Stian Reklev – stian@carbon-pulse.com

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