Phoenix Partners Group, an interdealer credit and equity derivatives broker, has added an environmental brokerage services division for the renewable energy and emissions markets worldwide. The unit is based in New York and will launch a London desk shortly.
The environmental broking services (EBS) unit provides a full range of products and services designed to enable corporations, financial institutions and project developers to implement optimum trading strategies in the voluntary and compliance environmental markets worldwide.
EBS will facilitate trading for all environmental commodities, including European Union emission allowances, certified emission reductions requirements, Regional Greenhouse Gas Initiative allowances, voluntary emissions reductions, as well as compliance and voluntary renewable energy certificates.
Sakis Asteriadis will oversee the EBS unit as Phoenix Partners Group's newly appointed global head of environmental commodities. He will work with Devon Walton, who oversees U.S. Renewable Energy Brokerage Services.
Asteriadis, who has more than 25 years of experience in financial services and energy markets, was most recently managing director for environmental markets at APX. Previously, he was vice president at the Bank of New York, overseeing its BondNet division. He has a degree from Purdue University.
Walton was previously a director of environmental markets and at APX, where he managed all aspects of their North American renewable energy registry systems. He has a degree from the University of California at Santa Barbara.
SOURCE: Phoenix Partners Group