Environmental exchange operators Colonial Bourses has appointed three financial market veterans as board members, it announced on Thursday.
The company, also known as CBL Markets, has added Lawrence Leibowitz, a former COO of NYSE Euronext and UBS Americas Equities, and ex-State Street banker Jack Klinck to its board as non-executive directors.
In addition, it appointed Donald Putman as the board’s new chairman. Putnam is managing partner and founder of investment firm Grail Partners, which manages a fund that has invested in CBL Markets.
“Our goal is to reinforce CBL Markets’ leadership as the only 24/7 global spot exchange for environmental commodities,” said Putnam.
“Global markets require superb technology, deep relevant information and seamless settlement, and our aim is to consolidate the fragmented landscape of single-product environmental exchange venues.”
New York- and Sydney-based Colonial Bourses, formerly Carbon Trade Exchange, allows members to trade multiple environmental products on one screen, including spot RGGI allowances (RGAs), voluntary carbon offsets (VERs), and Australian renewable energy certificates (RECs).
The company has also said it is looking at expanding into the California carbon market after recently rebranding itself and introducing an enhanced trading platform.
By Mike Szabo – email@example.com