Laconic Welcomes Joseph Niciforo to its Board of Directors
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CHICAGO, July 18, 2024 ~ Laconic Infrastructure Partners Inc. (Laconic) has recently announced the addition of Joseph Niciforo to their Board of Directors, effective immediately. With his extensive experience in the financial trading and hedge fund markets, Mr. Niciforo's reputation and global expertise in leading large funds and assets will be a valuable asset to Laconic as they work with financial institutions worldwide to create value in the carbon market.

Currently serving as a founding member of HC Private Investments and a member of the firm's investment committee, Mr. Niciforo brings a wealth of knowledge to Laconic. He previously held the position of Chairman and CEO at HC Technologies from 2007 to 2024, where he oversaw a principal trading firm focused on FX and global futures.

In regards to his new role at Laconic, Mr. Niciforo expressed his excitement about the potential for financial institutions to invest and trade in carbon credits. He noted that while there is great potential in this market, it has been lacking in key areas such as accounting, fraud risk mitigation, and tracking performance and ownership throughout the lifecycle of carbon credits. However, with Laconic's SADAR™ technology and Natural Capital Monetization platform, these issues can now be addressed. Mr. Niciforo also praised Laconic's leadership team for their understanding of financial market requirements.

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Andrew Gilmour, CEO and Co-Founder of Laconic, also commented on Mr. Niciforo's appointment, stating that his expertise in global financial markets will play a crucial role in how they engage with financial institutions seeking reliable carbon credit data for investment and trading decisions. He added that their team of experts in the carbon market, technology, natural capital, and finance all share a common goal of reducing CO2 emissions and meeting NetZero targets.

Prior to his time at HC Technologies, Mr. Niciforo spent 17 years at Tudor Investment Corporation, where he became a partner in 1989 and served as the Managing Director-U.S. Fixed Income. He also served as a director on the Chicago Board of Trade and CME Group Boards for 15 years. Mr. Niciforo holds degrees from Georgetown University and Fordham University School of Law.

Laconic has been attracting top executives and talent, with Mr. Niciforo being the latest addition to their leadership team. Other recent appointments include Joe Sexton, former executive at AppDynamics, CA, EMC, and McAfee, and Peter Borish, Chairman and CEO of Computer Trading Corporation (CTC), as members of Laconic's Board of Directors. Additionally, Alistair Mullen, a senior advisor to UN climate affairs negotiators, has joined Laconic as Senior Vice President for Carbon Markets.

With these new additions to their team, Laconic is well-positioned to continue making strides in the carbon market and achieving their mission of reducing CO2 emissions and meeting NetZero targets.
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