About Us

David has established several innovative businesses in new and developing markets in the energy, resources, agricultural and technology sectors in Australia and overseas, including Milk2Market P/L of which he is Chairman. He has been a director on the boards of several private, Federal and State Government companies and authorities.
He has more than 30 years’ experience as a director of private and government businesses, principle investor, project developer, advisor to governments and businesses.
He was formerly EY’s Leader, Energy and Utilities Practice and EY’s Leader, National Water Practice.
He has advised on industry reform in Australia and overseas governments, institutional investors on their investments in the energy, agriculture and resources sectors, sat on investment committees, been an institutional fund representative director and an investment banker. During this time, David was a director of the Murray Darling Basin Authority, when it developed the Basin plan, and was appointed an inaugural Queensland Water Commissioner during the millennial drought.
Spanning his time with Australian Federal Government Departments of Treasury and Finance and subsequently the private sector, David designed and implemented markets to trade physical commodities and financial derivatives for the electricity and water sectors and advised on the ongoing reform of these markets and communications and transport sectors in Australia and overseas. This included developing the economic and regulatory policy framework for these markets, determining the market design and incentive structures, determining the institutional structure and establishing the market institutions, developing and implementing the market rules, establishing and regulating physical trading in these markets and the instruments to trade such as over-the-counter and exchange traded products.
He was a member of the Federal Government’s Assets Sales Task Force for Telstra and Federal Airports, the National Competition Policy Implementation Task Force, the Industry Commission’s National Benchmarking Task Force, the Task Force for the Reform of Audit Act including governance arrangements for Government Enterprises. He was Principal Finance and Economic Adviser to the reform of the Queensland electricity industry and as pro tem Regulator of the Queensland electricity network businesses.
David has been closely associated with the agricultural sector for 20 years. During his time within government, he assisted in the development of key agricultural sector policy. On leaving government, he advised governments on key policy reform and market initiatives
David is a financial economist and holds B. Bus (Economics and Admin) and is a Fellow of FINSIA (Financial Services Institute of Australia).

Nicholas has established operations to trade physical commodities and financial derivatives in new and emerging commodities markets, including designing over-the-counter and exchange traded products.

Nicholas is a former chairman of the Australian Financial Markets Association (AFMA) Electricity Committee and a former member of the Australian Securities Exchange (ASX) Emissions Trading Committee and the Australian Energy Market Operator (AEMO) Settlement Residue Committee.
His previous Board experience includes PD Ports, International Energy Group, Powerco and Energy Initiative Japan. He is experienced in governance and risk management, having led the implementation and review of governance and risk management frameworks for several international companies, investment funds and international utilities, including for in-house commodity trading operations.

He is admitted as a Solicitor in several Australian States, England & Wales and Hong Kong and has degrees in Law and Commerce from the University of Queensland.

Neville has more than 40 years experience as a finance expert and company director having managed structured investment funds, structured, valued and advised on financial derivatives, established and operated businesses and consulted widely to many of Australia’s Top 100 companies, various Government, Government businesses and regulators.
Neville is a former member of the Advisory Panel to Companies & Securities Commission Advisory Committee on the regulation of derivate securities in Australia, and a member of the ASX Committee on Australia’s Competitive Position in World Resource Stocks.
He was Head of the Investment Solutions Group at County Investment Management, Head of the Structured Investment Group Invesco Asset Management and Neville was Founder and Managing Director of Capital Research Group with Emeritus Professor Robert Officer in 2003 and established and managed an international Equities Fund.
Neville advises superannuation funds and sits on their investment committees and been an expert witness in complex financial legal cases.
Neville is an expert in takeover models, valuing contributing shares as options, convertible bond valuation with the binomial model, valuing natural resource projects with option methods, an index for Australian Option Markets, and numerical methods in option value calculation.

He was formerly Associate Professor of Finance, Melbourne Business School, The University of Melbourne and visiting Associate Professor at the Haas Business School, University of California, Berkeley and has a Ph. D. form the University of Melbourne, M.Sc. from the University of Melbourne, and B. Sc (Hons) from La Trobe University.
Neville is an invited speaker and is widely published on finance matters including:
- Futures Contracts on Narrow-Based Indexes;
- Strategies in Options Trading;
- The Twenty Leaders as a Futures Contract;
- Takeovers as Put Options and Target Company Option Pricing,
- Takeovers: Pricing Them as Put Options;
- Using Real Options to Value Companies;
- Valuing Non-Traded Warrants: Harlin's Warrants over Elders IXL Ltd. The Twenty Leaders Index as a Futures Contract,
- Capital Budgeting and Real Options;
- Project Valuation Using Real Options; and
- The Non-stationarity of Share Price Volatility.

James is a director of the Icon Group, Australia's leading cancer care provider and Chairman and Managing Director at Pagoda Investment, a private equity fund focusing on innovative technology, health science and advance manufacturing.

James is a senior advisor to Queensland Investment Corporation, one of Australia's largest investment funds and prior to founding Pagoda Investment James was a senior executive and CIC, China's Sovereign Wealth Fund.

James holds a Bachelor in Economics and Finance from RMIT University and Master in Applied Finance from Macquarie University, Australia