Senior base metals traders leave major banks and trading houses amid hiring surge

Industry
โดย Reuters·Read original
Summary · why it matters

Senior base metals traders are leaving major banks and trading houses as demand for their expertise intensifies due to supply-chain disruptions and rising investment in metals-intensive data centres. Ben Green, head of base metals at Bank of America, Benjamin Vicas, head of JPMorgan's base metals and ferrous trading desk, and Andrew Ferguson, an executive director at Morgan Stanley, have all departed, sources told Reuters. At trading houses, Adhitya Sethaputra has left Radiant World less than two years after joining as head of refined metals, while Alex Nizan has joined Gerald Group in Dubai as global head of aluminium and EMEA head of trading after leaving Concord Resources. Former Mercuria and JPMorgan trader Sonny McNess has joined Hartree Partners to trade aluminium. The moves come as hedge funds and trading houses expand commodities teams, with one source describing the market for base metals talent as hot right now, particularly for aluminium and copper traders.

Impact on stocks 4

Financials▼ · 3 stocks
Bank of America Corp
BAC
▼ NegativeCapitalrelevance

Head of base metals Ben Green departs, potentially disrupting trading operations.

Morgan Stanley
MS
▼ NegativeCapitalrelevance

Executive director Andrew Ferguson departs, weakening base metals desk.

Digital Finance & Tokenization▼ · 1 stocks
JPMorgan Chase & Co
JPM
▼ NegativeCapitalrelevance

Head of base metals and ferrous trading Benjamin Vicas leaves, losing key talent.

Off-coverage companies 4

Gerald GroupPrivate▲ Positive
Capitalrelevance

Gerald Group hired Alex Nizan as global head of aluminium, strengthening its trading team.

Hartree PartnersPrivate▲ Positive
Capitalrelevance

Hartree Partners hired Sonny McNess to trade aluminium, expanding its team.

Concord Resources LtdPrivate▼ Negative
Competitionrelevance

Alex Nizan left Concord Resources for Gerald Group, indicating loss of a trader.

Radiant WorldPrivate▼ Negative
Competitionrelevance

Adhitya Sethaputra left Radiant World, indicating loss of a senior trader.

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