The Markets December 6, 2007

Barclays Introduces Global Carbon Index

Barclays Capital has launched the Barclays Capital Global Carbon Index tracking the performance of carbon credits associated with the world's major greenhouse gas emissions trading schemes.
Reported by
A Barclays news release said the index initially comprises a combination of two sub-indexes that track the performance of the carbon credits associated with the EU Emissions Trading Scheme (EU Allowances) and the Kyoto Clean Development Mechanism (Certified Emission Reductions).
Barclays said its offering is the first benchmark for the rapidly growing carbon emissions markets.
The company said the index is governed by the Barclays Capital Environmental Markets Index Committee, a newly formed independent body comprising representatives from the carbon industry and members of the institutional investment community.
Barclays Capital will provide support and analytics for these indexes via Barclays Capital’s index Web site and other e-commerce channels, including Bloomberg, the announcement said.
The indexes are calculated daily and use standard settlement prices and market calendars most appropriate for international investors.
Deals & People December 6, 2007

Trusco Capital Management Names New Head of Consultant and Financial Intermediary Sales

Trusco Capital Management, Inc. has named James E. Stueve to the newly created position of Managing Director of Consultant and Financial Intermediary Sales.
Reported by

In this role, Stueve will be responsible for leading the sales efforts within the consultant, financial intermediary and adviser channels for Trusco, a subsidiary of SunTrust Banks, Inc.

“The consultant, intermediary and advisory channels are very important to the future of Trusco and we expect continued growth in each of these outlets,” said David Eidson, Chairman and Chief Executive Officer of Trusco Capital Management, in a press release. “We are excited that Jim has joined Trusco. He has a successful background in developing these key areas and his proven abilities will enable us to penetrate these markets more quickly.”

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Most recently, Stueve was Executive Vice President and Director of Sales at AIM Investments in Houston, where he was responsible for overseeing the distribution of a diversified product set, including mutual funds, separate accounts, collective trusts, sub-advised portfolios, retirement plans, exchange traded funds (ETFs), variable annuities, offshore funds, and college savings plans. Overall, he has more than 20 years of investment product sales experience with a diversified background in strategic planning, product launch and management, business development, marketing, and sales management, the company explained in a press release.

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