Exchange operator ICE parts ways with China MD

Published 12:30 on January 18, 2016  /  Last updated at 12:30 on January 18, 2016  /  Asia Pacific, Bavardage, China, China's National ETS, South Korea  /  No Comments

Jeff Huang, Managing Director for greater China for Intercontinental Exchange (ICE), has parted ways with the company, sources told Carbon Pulse.

Jeff Huang, Managing Director for greater China for Intercontinental Exchange (ICE), has parted ways with the company, sources told Carbon Pulse.

Huang, formerly with the Chicago Climate Exchange, headed US-headquartered ICE’s operations in China, overseeing the company’s activities in commodity and energy markets including carbon allowances.

He also led the bourse’s efforts to launch products associated with emerging carbon markets in Asia.

However, China and South Korea both restrict trading of CO2 allowances to government-appointed exchanges, making it difficult for ICE to make much headway in those markets.

Over the past couple of years, Huang has been a vocal supporter of designing China’s national ETS in a fashion that makes it attractive to financial institutions and other investors.

He is currently on gardening leave.

An ICE spokeswoman declined to confirm Huang’s departure or speak about the future of the now-vacant role, citing the company’s policy of not commenting on personnel matters.

By Stian Reklev – stian@carbon-pulse.com

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