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Press releases / Media coverage
Carbon Trade & Finance SICAR S.A. appoints head of Consulting Arm
19 March 2008
MOSCOW – Carbon Trade & Finance, the specialized joint enterprise created by Dresdner Bank and OAO Gazprombank, is pleased to announce the appointment of Evgeny Sokolov as General Director of CT&F’s Moscow based consulting arm, CTF Consulting.
Evgeny was previously Deputy General Director of the National Carbon Sequestration Foundation in Moscow where he headed up the organisation’s Information and International Cooperation Relations Department. Prior to this, Evgeny held a variety of positions at organisations in the energy space, including the Energy Carbon Facility and United Energy Systems of Russia, the largest power holding in the Russian Federation. In addition he was the alternate member of the Joint Implementation Supervisory Committee (JISC) from time of its establishment until February 2008.
“Evgeny has a wealth of experience in the nascent carbon industry in Russia and the JI market. We are delighted that he will be joining CTF,” said Ingo Ramming, Executive Director of Carbon Trade & Finance. “His experience in the JISC, the origination of carbon reduction projects in Russia and understanding of the market will be of utmost importance to both our client base and to our own consulting capabilities.”
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Notes to Editors
For more information:
Michael Goodbody: +44 (0)207 475 3447 (michael.goodbody@dkib.com)
Carbon Trade & Finance:
In January 2007, Dresdner Bank and Gazprombank launched Carbon Trade & Finance, a joint venture entity, to capture opportunities in the rapidly developing carbon emissions trading market. The joint venture, based in Luxembourg, will invest in primary projects generating CO2 certificates, with a focus on Russia and the Commonwealth of Independent States (CIS).
Our shareholders:
Gazprombank, one of Russia’s leading banks, is the authorised bank of OAO Gazprom – one of the world’s largest energy groups. With a branch network covering the whole territory of the Russian Federation, Gazprombank has over 36,000 clients in Russia from all the key industries. The bank has a leading position in the Russian domestic capital markets, including a large specialist project finance team and local investment banking expertise.
Dresdner Bank’s involvement in the joint venture will be led through its investment bank, Dresdner Kleinwort. Dresdner Kleinwort is the investment bank of Dresdner Bank AG and a member of Allianz. Dresdner Kleinwort is a prominent player in the emissions and renewables markets and was voted ‘Emissions Trading House of the Year’ in 2006 by ‘The Banker’. Allianz Group. is one of the world’s leading insurance companies and is at the forefront of investments into sustainable energy. Allianz was rated the most sustainable financial company in 2006 by Dow Jones Sustainability Index rating.
