The pre-series B funding co-led by Global Ventures and existing investor Reefknot Investments will initially help expansion into the UAE and Saudi Arabia.
After a 9% decline in Apac M&A, excluding Japan, in the first nine months of 2024, a rebound is on the cards over the next 12 months as firms look to innovate and sentiment improves.
Overall there was a small increase in the last financial year with Japan improving, but many markets such as Hong Kong, Thailand, India and Australia heading in the wrong direction.
Duhe, who has worked at Newcrest Mining, Woodside Energy, Shell and Exxon Mobil, replaces Anthea McKinnell, who is leaving the gas and oil exploration firm for family reasons.
While interest is growing in Apac, voluntary carbon markets are progressing slowly due to non-standardised regulations and a lack of clarity over underlying projects.
GTreasury will help the Dublin-headquartered firm, which analyses over $100bn of cash flow everyday, expand into Southeast Asia, Australia and New Zealand.