Phibro CEO eyes opportunities in banks’ retreat from energy

Ex-Morgan Stanley commodities chief Greenshields revives famed trading firm

Simon Greenshields

Just over a year after he stepped down as global co-head of commodities at Morgan Stanley, Simon Greenshields let the world know he was back in business.

On January 26, he acquired the remains of Phibro, the venerable commodity trading house founded as Philipp Brothers in 1901. Acting through a vehicle called Energy Arbitrage Partners, Greenshields got the rights to the Phibro name, its customer database and IT systems – and little else, since Phibro was largely a hollow shell by then. An oil tr