Managing Partner, Schwarzthal Kapital

Marius-Cristian Frunza


Marius-Cristian Frunza is a Director with Schwarzthal Kapital, a financial advisory and research company.

He is specialised in climate change and environmental finance.


Previously, he worked as a broker in the energy markets for a commodity broker.

He has also a consulting experience hedging.

He graduated from Ecole Polythechnique and holds a PhD in mathematical finance and a HDR in economics from the reputed Paris Sorbonne University.

He is the author of over 20 articles in various areas including carbon markets and risk management. He also published 4 books including Fraud on the carbon market, considered a reference work on the subject.