Icap Energy has denied its coal team is defecting to Prebon Energy. On Tuesday, Prebon issued a press statement saying three members of the Icap coal team were joining the broker to strengthen its presence in coal markets.“This is the eleventh occasion in 14 years [that] Prebon has made extravagant offers to people at Icap Energy. And not a single senior broker has ever left,” said Icap managing director Paul Newman. “[Prebon offers] are a fairly routine matter,” he added.
But Prebon Energy managing director Andrew Polydor claimed the defection of Icap’s coal team was fact. “All three have signed contracts with us and are committed to joining Prebon,” he said.
George Dranganoudis, head of the Icap coal team, would not comment, except to say he was “still an employee of Icap”.
More on People
Veteran equity derivatives banker founds London-based firm Alpima
Four new deputy comptrollers, within supervision, credit risk, and strategy
New European energy and commodities head faces tough decisions
Other commodities moves at EDF Trading, Glencore, Goldman Sachs and DME
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.