About
Luke has close to 30 years’ of experience through various roles with Australia’s most reputable organizations, working across sectors including infrastructure (social, private and public), property as well as international capital markets. Firms have included the Australian Stock Exchange (ASX), Queensland Treasury Corp (QTC), Queensland Investment Corporation (QIC), Booz Allen Hamilton, Energex and Aurizon to name a few.
Considered a thought leader, Luke exhibits a refined ability to advise, assess, fund and/or facilitate the funding of projects. Whether via undertaking bespoke capital raising funding or facilitating issuances of corporate, green, social or sustainability bonds, Luke strives to meet client’s interests via delivering transformative solutions, altogether underpinned by an ethos stemming from integrity, quality and prudency.
Outside of this work, Luke has provided reviews on critical infrastructure of national significance; submitted reviews towards the Harper Review in the shaping of national competition policy; as well as providing expert witness testimony on the pricing of infrastructure assets that have been in commercial dispute and litigation.
With this knowledge, Luke as developed in-depth experience across a number of skill-sets including the provision of commercial, strategic and regulatory advisory; the structuring and management of project-based finance; econometric analysis and evaluation; the shaping of both regulatory and policy development and associated compliance with state and federal regulators; and the performance of pricing, statistical and financial modelling.
Luke has also attained extensive academic qualifications including a degree in Bachelor of Business (Banking & Finance), a Graduate Diploma in Applied Finance and Investment, a Master of Applied Finance and a PhD in Corporate Finance specializing in Financial Economics. When altogether combined, educational experience constitutes some seventeen (17) years of tertiary academic studies within the corporate finance specialty above and beyond his employment experience.
Education
Publications
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Peak Demand, Bending the Demand Curve and Demand Side Management - Impacts Upon Residential Electricity Consumption: A Queensland Perspective
As the world undertakes a paradigm shift in how it consumes its resources, companies and governments are looking for cleaner and more efficient ways to undertake business. The supply and consumption of electricity is no exception, with one possible solution to greater electrical efficiently via demand side management.
With this, governments and electricity companies have conducted numerous trials to determine whether the perceived benefits from demand side management initiatives apply…As the world undertakes a paradigm shift in how it consumes its resources, companies and governments are looking for cleaner and more efficient ways to undertake business. The supply and consumption of electricity is no exception, with one possible solution to greater electrical efficiently via demand side management.
With this, governments and electricity companies have conducted numerous trials to determine whether the perceived benefits from demand side management initiatives apply to their set of circumstances.
This paper reports upon the results of a joint trial undertaken by Energex Limited and Ergon Energy Corporation Limited in Queensland, Australia. In examining the performance of two alternative, yet popular dynamic pricing structures, the paper focuses upon the behaviour of 3,000 participants across three distinct climatic regions between January 2011 and February 2012.
Via utilising statistical techniques such as independent-sample t-tests, this paper finds that customers on both dynamic pricing structures reduce electricity consumption during peak periods on event days in both summer and winter seasons. Results further indicate that differing participant attributes affect the magnitude of response in various ways. -
What Caused the Failure of Lehman Brothers? Could it Have Been Prevented?
Once the fourth largest US investment bank, Lehman Brothers came to a dramatic and well publicized end in the autumn of 2008. Today, images remain of onlookers outside the New York offices of Lehman Brothers, watching wades of employees existing offices with boxes of personal belongings. Yet in the period of that one, long autumn week, the company’s share price all but evaporated, dropping from an early 2007 high of $86.18 to less than $4 in September 2008…a 93% plunge.
Within 72 hours…Once the fourth largest US investment bank, Lehman Brothers came to a dramatic and well publicized end in the autumn of 2008. Today, images remain of onlookers outside the New York offices of Lehman Brothers, watching wades of employees existing offices with boxes of personal belongings. Yet in the period of that one, long autumn week, the company’s share price all but evaporated, dropping from an early 2007 high of $86.18 to less than $4 in September 2008…a 93% plunge.
Within 72 hours, Lehman Brothers filed for Chapter 11 bankruptcy proceedings and with that, the 15th September 2008 will forever be remembered as the time upon which Lehman Brothers (Lehman) also became the largest bankruptcy in US history, owing USD $613bn to creditors.
By performing a thorough literature review and also scanning recent empirical studies, articles and events, this paper details what caused the failure of Lehman Brothers and how it could have been prevented. -
Define what you Perceive as the Largest Risks Facing the International Banking System?
Whilst the international banking system continues to recover and repair the impacts of the Global Financial Crisis (GFC), the banking industry is encountering a new period of volatility. But whether aimed at the GFC, or as what some call, the impending second GFC, countless conferences and summits have been held in an attempt to structure an organism that eliminates or at best, minimize the impacts and risks that reside within the international banking system. Whilst easy to comment upon…
Whilst the international banking system continues to recover and repair the impacts of the Global Financial Crisis (GFC), the banking industry is encountering a new period of volatility. But whether aimed at the GFC, or as what some call, the impending second GFC, countless conferences and summits have been held in an attempt to structure an organism that eliminates or at best, minimize the impacts and risks that reside within the international banking system. Whilst easy to comment upon, undertaking such a task is gargantuan in nature.
Today, it is not one risk the system faces, but many. Alone each are problematic. However, these risks are intertwined, with changes in one being felt in another, and together they indeed represent a clear and present danger to the international banking system. -
Carbon Derivatives and Their Application within an Australian Context
It retains no odor and is colourless, yet CO2, also known as Carbon Dioxide, is one of the major components that contribute towards greenhouse gas (GHG) emissions. Due to increased environmental awareness, greater scrutiny is being placed upon these emissions, with an increasing number of global forums held in an effort to reduce the impact of emissions upon the environment.
Kyoto, Toronto, Copenhagen and Bonn are just a few localities that are becoming increasing associated with…It retains no odor and is colourless, yet CO2, also known as Carbon Dioxide, is one of the major components that contribute towards greenhouse gas (GHG) emissions. Due to increased environmental awareness, greater scrutiny is being placed upon these emissions, with an increasing number of global forums held in an effort to reduce the impact of emissions upon the environment.
Kyoto, Toronto, Copenhagen and Bonn are just a few localities that are becoming increasing associated with environmental change. Such transformation has seen corporations, governments and countries coming to understand GHG emissions, appreciating their impacts and developing strategies so as to minimise such effects.
Australia is looking to undertake is own carbon pollution reduction scheme. A current contentious political, economic and social issue, both proponents and critics continue to debate the best approach. Due to begin in 2012, the second phase of the proposal incorporates a fully operational Emissions Trading Scheme (ETS).
This paper delves into carbon-based derivatives, by firstly outlining the current carbon trading environment, discussing the specifics of carbon derivatives in greater detail and then briefly outlining their context within Australia.
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