ANZ has announced the appointment of Andreas Kodell as its inaugural head of environmental markets and Stuart Smith as head of commodities within its markets business.
With nearly three decades of investment banking and funds experience, Mr Kodell joined ANZ as ESG advisor last year from his previous role as a partner at KEAL Capital.
He has formerly held senior roles in finance, risk and markets at firms including Merrill Lynch, Bear Stearns and Deutsche Bank and helped establish the Cyclades Preservation Fund in Greece and the Devon Environment Foundation in the UK as a founding member.
Mr Kodell will report jointly to ANZ’s MD of corporate finance Christina Tonkin and MD of markets Shayne Collins and work closely with head of sustainable finance Katharine Tapley and the bank’s markets team to continue building out its environmental markets offering.
“As a leading sustainability bank in the region, our priority is to help our customers capture opportunities that will help them hit their net zero targets,” Ms Tonkin said on the appointment.
“This is an important new role helping bring together our existing strength in this area, while also building on it for the future.”
Meanwhile, Mr Smith joins ANZ from Citibank where he served as head of commodities APAC.
He previously held a number of leadership roles including global head of commodity structuring for the Commonwealth Bank, head of commodity sales & structuring for Deutsche Bank Asia and lead of LNG trading at Goldman Sachs.
In his new Singapore-based role, Mr Smith will manage ANZ’s commodities sales and trading across five markets in diverse asset classes including energy, agri-commodities, precious metals and carbon while reporting to head of trading and markets Asia, Anshul Sidher.
“Stuart brings an impressive track record in building businesses and unique experience in both sales and risk management,” commented Mr Collins.
“The commodities business is an important pillar of the bank’s environmental sustainability strategy and his unique understanding of the energy markets positions our team exceptionally well.”
