Climate Impact X (CIX), a global carbon market solutions provider, today announced that its Chief Operating Officer (COO), Mark Glossoti will be appointed as interim Chief Executive Officer (CEO) with effect from 1 July 2024.

Mark has served as COO at CIX since January 2022, overseeing the core functions of risk, operations, finance, legal and compliance, and human resources. Prior to joining CIX, Mark was COO at TransAsia Private Capital and has held several leadership positions at Alphadyne Asset Management, Goldman Sachs and JPMorgan Chase over his career.

Mikkel Larsen will step down from his role as CEO upon Mark’s new appointment, and continue to serve on CIX’s Board as Executive Director to ensure a smooth transition. The search for a long-term candidate for the role of CEO continues to be underway by the Board, with the support of CIX’s key investors DBS Bank, GenZero, Mizuho Financial Group, Singapore Exchange (SGX Group) and Standard Chartered.

Bill Winters, Group Chief Executive, Standard Chartered and current Chair of the CIX Board of Directors, said, “The Board would like to thank Mikkel for his exceptional contribution to CIX over the years. Mark is an invaluable member of the leadership team at CIX and has been instrumental in CIX’s growth. With his deep knowledge of the strategic and operational aspects of CIX, he is well-placed to ensure a smooth leadership transition. He will work closely with the rest of the senior management team to continue building on the positive momentum at CIX.”

Commenting on his appointment, Mark Glossoti said, “I am honoured to lead CIX into its next phase of growth during this period of transition. We have a compelling suite of solutions that uniquely positions us to cater to all major user requirements in the carbon markets ecosystem. Our mission will not change and together with the CIX Board and leadership team, I am committed to ensuring continuity, maintaining service quality and sustaining the momentum of our business to prepare for our ambitious future.”