chief executive officer
Lance has a distinguished history of innovation in the creation and structuring of financial products.
In 1995, he sold the leading equity and derivatives firm he had founded, Lorenzani & Coogan Inc, to UBS, later becoming Head of Equities and Derivatives for UBS(SA). From 2006 he became a leading figure in the Carbon Market, designing and transacting a large number of new financial products. He was a consultant to the World Bank and many Governments on Carbon and Carbon Derivatives.
Between 2006 and 2011, he brokered over 50% of all CER listed option derivative contracts on the European Climate Exchange. More recently, Lance has applied his knowledge and skills to water, designing a Water Index Methodology for the Murray Darling Basin in Australia and a Water Trading Model and Water Exchange for Southern Africa.
He has also designed and finalised a Water Credit Trading System for the UK, as well as a Pan-US Water Credit Trading System to address the imbalance of water distribution in the USA.
He conceptualised, formulated and created the first ever Water Index Pricing Methodology, which has a provisional patent registered in the USA.
Recently listed The Nasdaq Veles California Water Index (NQH2O) on Nasdaq during January 2019 and now in December 2020 the CME has listed futures on NQH2O.
This creates a new asset class which for the first time gives investors the ability to trade the actual water price.