Markit will continue to operate the TZ1 Registry business from its existing locations in Auckland, Wellington, London and New York. Helen Robinson will continue to lead the registrys operations as part of Markits commodities division led by Executive Vice Presidents Niall Cameron in London and Sal Naro in New York.
Markit, a financial information services company, has completed the acquisition of the TZ1 Registry, a voluntary environmental registry which lists the voluntary carbon and ecosystem standards. The business will now be known as Markit Environmental Registry.
The acquisition of TZ1 Registry will give Markit a strong foothold in the fast-growing carbon markets and broader global environmental markets. The TZ1 Registry will lay the foundations for Markits overall strategy to support the financial and commodities markets by providing data transparency and operational efficiency. Markits expertise in providing market participants with independent, high quality data will enable us to take the TZ1 Registry to the next level, says Lance Uggla, chief executive officer of Markit.
Following the acquisition of the TZ1 Registry, Markit will concentrate on extending the registry service provision and on developing TZ1 Registrys new RFI service which will improve information flow and transparency in the environmental markets, says Niall Cameron, executive vice president of Commodities, Indices, Equities and Risk Management at Markit.
Markits acquisition of TZ1 is a real boost for the voluntary carbon market as it will reinforce investor confidence in the integrity, transparency and robustness of the market, says David Antonioli, chief executive officer of The Voluntary Carbon Standard Association.
L.D.