Sydney-based Apostle Funds Management (AFM) is expanding its investment team with the appointment of Luke Donovan to Partner, Global Carbon Markets.
The new addition bolsters Apostle’s leadership in the impact, ethical and net zero space ahead of the launch of its Global Carbon Credit fund.
Building on the appointments of its first Chief Operations Officer Eric Chu and ESG advisor Kylie Parkyn earlier this year, the announcement reinforces Apostle’s growing investment product suite following the launch of its People and Planet fund and Ethical High Yield Credit Fund.
Donavan was formerly Executive Director of Carbon and Power Markets at Commonwealth Bank of Australia. Responsible for CBA’s carbon emissions trading globally reporting to the Managing Director Commodities and Trade, he was integral to establishing CBA’s presence in the Australian Carbon Market.
Prior to his time at CBA, he was an Investment Strategist and Advisor with Ilwella, the family office of the Flannery family, where he drove investment strategy for their portfolio, including the origination, execution and implementation of new deals.
Between 2016 and 2019, he was involved in the commercial management of Ilwella JV, Delta Electricity, where he introduced new market channels, specifically into retail, and leveraged experience in energy and carbon trading to deliver a number of new prospects.
His expertise in carbon began with Origin Energy, building Australia’s largest industrial customer portfolio in energy and carbon trading.
AFM’s Managing Director Karyn West said, “We are thrilled to welcome Luke and his strong leadership to the Apostle team. Luke’s rare technical skill set and deep sector expertise with global carbon markets is critical to our strategic positioning in providing solutions to our clients.”