Noble Group parts ways with London-based emissions head

Published 17:38 on September 3, 2015  /  Last updated at 17:38 on September 3, 2015  /  Bavardage, EMEA, EU ETS  /  No Comments

Beleaguered commodity dealer Noble Group has parted ways with its London-based head of emissions and cross-commodity options, sources told Carbon Pulse.

Beleaguered commodity dealer Noble Group has parted ways with its London-based head of emissions and cross-commodity options, sources told Carbon Pulse.

Dougal Corden, who had been at Noble since early 2014 after departing US investment bank Morgan Stanley, left the Singapore-headquartered firm earlier this summer.

Corden could not be reached for comment, nor could a media contact for Noble in London.

One source with knowledge of the matter said it was not clear whether the vacant role would be filled or whether Noble would continue to be active in the EU carbon market.

Noble is one of Asia’s largest commodity traders, but the firm has been slated by analysts and shareholders and has seen its shares drop this summer over concerns relating to the company’s accounting methods.

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