Rabobank has announced the appointment of a new sugar and cotton sector analyst, Charles Clack, to its Australian and New Zealand research team.
Mr Clack will join the specialist agribusiness bank’s RaboResearch Food & Agribusiness division from February 20, transferring from Rabobank’s global Agricultural Commodity Markets Research team in London, where he has most recently been responsible for the bank’s global market views on cotton and wheat.
Mr Clack takes over the Australian sugar and cotton analyst role from Georgia Twomey, who has moved to a new position within the bank.
Announcing the appointment, general manager of RaboResearch Food & Agribusiness Tim Hunt said Mr Clack’s strong credentials and experience – including in the Australian market – made him ideally suited to take on the role.
“Charlie has not only had significant experience covering the global cotton, sugar and grains sector and supporting the bank and our clients in these sectors internationally, he is also familiar with and has a very solid understanding of Australia, having been seconded to the local research team in 2017,” he said.
Based in the bank’s Sydney office in his new role, Mr Clack will continue to be responsible for the Rabobank’s global cotton price forecast and will also support the bank’s sugar sector business in South-East Asia and India.
Most recently an associate director and commodity analyst with Rabobank’s Agricultural Commodity Markets Research team, Mr Clack joined Rabobank in the United Kingdom in 2014.
He has a strong background in agriculture, growing up on the family beef and arable farm in Devon and holding a Bachelor of Science in Agricultural Business Management (Hons) from the University of Reading.
Mr Clack said he was looking forward to working closely with the Australian sugar and cotton sectors.
“The scale, variety and forward thinking of the Australian agricultural industry makes me hugely excited to move into the new role,” he said. “Cotton and sugar markets, both globally and locally, have had a bumpy ride in recent years – some making headlines for the wrong reasons – so I look forward to assisting Rabobank’s growers and businesses in navigating both the good and challenging times ahead.”
Part of global specialist food and agribusiness banking cooperative, Rabobank Australia & New Zealand is one of the region’s largest rural lenders and a major provider of corporate and business banking services to the food and agribusiness sector.
The bank’s RaboResearch Food & Agribusiness division is focused on undertaking research into the food and agribusiness sectors for the benefit of Rabobank’s clients – including comprehensive reports, podcasts and presentations on sector and commodity outlooks, latest market trends and future industry developments. The local Australian and New Zealand research team is part of a global network of more than 80 analysts across the bank.
Rabobank Australia & New Zealand Group is a part of the global Rabobank Group, the world’s leading banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank is structured as a cooperative and operates in 38 countries, servicing the needs of approximately 8.4 million clients worldwide through a network of more than 1000 offices and branches. Rabobank Australia & New Zealand Group is one of Australasia’s leading agricultural lenders and a significant provider of business and corporate banking and financial services to the region’s food and agribusiness sector. The bank has 93 branches throughout Australia and New Zealand.
Media contacts:
Denise Shaw
Head of Media Relations
Rabobank Australia & New Zealand
Phone: 02 8115 2744 or 0439 603 525
Email: denise.shaw@rabobank.com
Skye Ward
Media Relations Manager
Rabobank Australia
Phone: 02 4855 1111 or 0418 216 103
Email: skye.ward@rabobank.com