AMBR.L Regulatory News (AMBR)

8 Jan 2007 07:01

Ambrian Capital PLC08 January 2007 8 January 2007 Ambrian Capital plc Ambrian Commodities Commences Trading Carbon Credits and Sugar Ambrian Capital plc announces that its commodities trading subsidiary, AmbrianCommodities Limited ("Ambrian Commodities" or "the Company"), has commencedtrading carbon credits and sugar, following its success in the base and preciousmetals markets. Ambrian Commodities has gone from strength to strength sinceits launch in March 2006. Ambrian Commodities has hired two senior traders to head up the carbon creditsand sugar teams, both of whom have a high level of experience in theirrespective fields. Stephen Welham, who has over 20 years' experience in energyand commodities trading, joins the Company from Tullett Prebon where he was aSenior Emissions/CO2 allowances Broker. Stephen had the responsibility atTullett Prebon for launching a new CO2 allowances OTC desk from scratch foremissions trading under the EU Emissions Trading Scheme, and managed all aspectsof the set up and the establishment of a global customer base. At AmbrianCommodities, he aims to build on his success and experience by trading in boththe CO2 allowances and the Certified Emissions Reductions (CER) markets. Jonathan Boyden, who will head up Ambrian's sugar trading team, joins theCompany from Tate & Lyle, where he was a senior trader. Jonathan's remit forTate & Lyle included trading sugar futures, options and OTC derivatives on theNew York and London Exchanges, proprietary trading, hedging exchange rateexposure and managing futures and physical positions. The move into carbon credits and sugar trading is a natural progression forAmbrian Commodities and demonstrative of the Ambrian group's firm commitment tothe resources sector. Ambrian Partners Limited, the corporate finance andstockbroking subsidiary of Ambrian Capital plc, is already active in therenewable energy and soft commodity sectors and has specialist research teamsfor both areas. The importance of sugar, as a raw material for ethanol, is increasingly drivenby legislative requirements in both the EU and several US states. In addition,the rise in demand for soft commodities from the rapidly developing economies inAsia will help drive demand for sugar for several years to come. Malcolm Freeman, Managing Director of Ambrian Commodities, commented, "We arevery pleased to be making this move into carbon credits and sugar trading, bothof which are exciting and developing markets. We will continue to expand ouroffer based on demand, and we are predicting strong interest in these newproducts from existing and new clients. "It is imperative that we attract the right people before expanding into newareas and I am therefore delighted to welcome on board Stephen Welham andJonathan Boyden, both are very experienced in their respective emissions andsugar trading markets." Tom Gaffney, Chief Executive of Ambrian Capital plc said, "Ambrian Commoditiesproved its business model at a very early stage and continues to drive growthand revenues for the Ambrian group as a whole. We believe that the renewableenergy and soft commodities markets will attract increasing investor interestthis year and we aim to capitalise upon this." About Ambrian Capital plc Ambrian Capital plc, formerly Golden Prospect plc, is an independent investmentbank quoted on the Alternative Investment Market of the London Stock Exchange(Ticker: AMBR) which has three wholly-owned subsidiaries: Ambrian PartnersLimited, a corporate finance advisor and stockbroker; Ambrian CommoditiesLimited, an Associate Member of The London Metal Exchange and a broker-dealer ofLME traded metals and precious metals; and, Ambrian Asset Management Limited, aspecialist investment management business. Further information about the Groupis available on Ambrian Capital's website: www.ambrian.com Enquiries: Tom Gaffney Tel: +44 (0) 20 7776 6400Chief Executive, Ambrian Capital plc Malcolm Freeman Tel: +44 (0) 20 7776 6481Managing Director, Ambrian Commodities Cathy Malins / Annabel Leather Tel: +44 (0) 20 7493 3713Parkgreen Communications This information is provided by RNS The company news service from the London Stock Exchange