Barclays’s Neelakandan Said to Resign as Head of Carbon Trading

Nima Neelakandan, Barclays Plc (BARC)’s head of emissions trading, resigned from the London-based bank, two people with direct knowledge of the matter said.

Neelakandan, 28, left the bank in September, five months after taking over the role from Louis Redshaw, who resigned in April, said the people, who asked not to be identified because the matter is confidential.

Barclays, which calls itself the largest liquidity provider in the greenhouse-gas emissions market, has traded more than 6.5 billion metric tons of carbon credits worth over 80 billion euros ($109 billion), according to its website.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.