Commonwealth Bank of Australia's (CBA) Institutional Banking Markets (IBM) division has appointed four new managing directors to the leadership team of its recently created Commodities, Trade and Carbon (CTC) business. The new appointments will report to Executive General Manager CTC Alex Toone, as CBA looks to expand its capabilities for clients across commodities finance and trading, trade finance and carbon markets. Martyn Whitehead has joined CBA as Managing Director, Commodities, leading the bank's strategy for its commodities business with a focus on Australia and New Zealand.

Mr. Whitehead previously served as Global Co-Head of Commodities Sales at Standard Chartered Bank in London. Joe Arena has joined CBA as Managing Director, Trade Finance, to lead the strategy across the institutional bank's trade finance, working capital and supply chain finance business. Mr. Arena brings over 20 years of experience in leadership roles in trade and working capital across Asia Pacific and most recently served as Country Head of Global Trade and Receivables Finance, Australia at HSBC.

Bradley Campbell has been appointed Managing Director, Commodities Trading and will join CBA from the Australian Securities Exchange (ASX) where he served as Acting Co-Head Group Executive, Markets and General Manager, Equities and Commodities. He was previously Head of Commodities Trading in Europe at Standard Chartered. Dr. Yasmina Elshafei completes the appointment of the leadership team for the new CTC business and will join CBA as Managing Director, Global Carbon, with responsibility for the bank's carbon markets business.

She was most recently an Executive Director at climate change advisory and investment firm Pollination Group, and prior to that was a Senior Vice President at Macquarie Capital supporting large-scale infrastructure and renewable energy projects internationally.