Phoenix Partners Group Launches Environmental Brokerage Group; Sakis Asteriadis Named Global Head of Environmental Commodities and Devon Walton to Oversee US Renewable Energy Brokerage Services
Phoenix Partners Group, a leading interdealer credit and equity derivatives broker, announced today the initiation of environmental brokerage services 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 (CER) requirements, Regional Greenhouse Gas Initiative (RGGI) allowances, voluntary emissions reductions (VER), as well as compliance and voluntary renewable energy credits (REC).
Sakis Asteriadis will oversee the EBS unit as Phoenix Partners Group’s newly appointed Global Head of Environmental Commodities. He will work closely with Devon Walton, who oversees US Renewable Energy Brokerage Services.
“Organizations are rightfully paying more attention these days to issues of climate change and how best to reduce the negative impact of their operations on the environment,” said Nick Stephan, Phoenix Partners Group’s CEO. “Environmental broking can help all major players in the emissions and renewable energy markets worldwide to navigate through a complicated and fragmented space. Phoenix Partners Group has the depth of experience, expertise, and platform to be the leader in this fast burgeoning sector.”
Mr. 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. Earlier, he was vice president at the Bank of New York, overseeing its BondNet division. Mr. Asteriadis earned his M.Sc.E. degree from Purdue University.
Mr. Walton was previously a director of environmental markets and at APX, where he managed all aspects of their North American renewable energy registry systems. Earlier he was manager of energy operations and scheduling at APX. Mr. Walton earned his degree in Environmental Studies from the University of California at Santa Barbara.
For more information on Phoenix Partners Group’s environmental practice, please visit www.PhoenixEBS.com.