Michael Marnell, a familiar figure in the structured trade and commodity finance, is moving out of the banking world.

Marnell worked at KBC Bank for 10 years, most recently as head of metals and mining, based in London.

He moved to Nedbank Capital as head of metals and African origination, global structured trade and commodity finance, in late 2010.

He is now pursuing new non-banking opportunities, having accepted a role as an independent monitor for the European Commission.

He resigned from Nedbank at the beginning of the year.

His new role involves monitoring and reporting back to the European Commission on EU development projects in across Asia.

“This is a hugely exciting opportunity and a new career path after over 25 years in the City and one I am really looking forward to developing. I will continue to maintain my connections to my many banking friends and former colleagues in the City and abroad, particularly when I am on an assignment,” he tells GTR.