A senior employee at CME Group has taken on a carbon markets role at Xpansiv… Russel Karas has been appointed Head of Carbon Market Development on Xpansiv’s International Carbon Team, working on expanding the company’s portfolio of standardised voluntary emissions reduction (VER) contracts.

Karas is the second veteran CME employee to move to Xpansiv in as many months, with carbon markets veteran Henrik Hasselknippe in October becoming the ESG firm’s Head of Markets and Head of European Operations.