CBA Heralds New Commodities Trade and Carbon Team with Senior MD Appointments
(14 November 2022 – Australia) Commonwealth Bank of Australia’s (CBA) Institutional Banking & Markets (IB&M) division has appointed four new Managing Directors (MD) to the leadership team of its newly formed Commodities, Trade and Carbon (CTC) business.
CTC launched in Q1 2022 with a focus on embedding climate and digital capabilities in IB&M, ensuring CBA is the domestic partner of choice for risk management and financing in CTC markets.
Joe Arena joined CBA as MD, Trade Finance, to lead the strategy across the institutional bank’s trade finance, working capital and supply chain finance business. Mr Arena brings over two decades of experience in leadership roles in trade and working capital across Asia Pacific (APAC) and most recently as Country Head of Global Trade and Receivables Finance, Australia at HSBC.
Bradley Campbell has been appointed MD, Commodities Trading and will join CBA from the Australian Securities Exchange (ASX). Martyn Whitehead has joined CBA as MD, Commodities, leading the bank’s strategy for its commodities business and Dr Yasmina Elshafei completes the appointment of the leadership team for the new CTC team and will join CBA as MD, Global Carbon, with responsibility for the bank’s carbon markets business.
The new MDs will report to Executive General Manager (EGM) CTC, Alex Toone, as CBA seeks to expand its capabilities for clients across commodities finance and trading, trade finance and carbon markets.
“Our clients are navigating a volatile commodity price environment, challenging supply chains and the global transition to a low carbon economy , it’s more important than ever that we have the right skills, capabilities and people in place to provide the best level of support. These appointments reflect the significant growth agenda we have in CTC and the prioritisation of our key focus areas under our revised strategy” commented CBA’s CTC EGM, Alex Toone.
“Our new CTC business enhances our specialisation in these areas and help us deliver even greater value to our clients by driving our capabilities to the next level. We are delighted to have secured an exceptional range of talent and expertise for the CTC leadership team” stated CBA Group Executive IB&M, Andrew Hinchliff.
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