Dutch bank ABN Amro has hired Wayne Harburn, BNP Paribas' former head of European energy trading, as well as Vincent Chevance, the French bank's head of marketing for energy derivatives. BNP Paribas was not immediately able to say who would replace the pair.Harburn becomes ABN's global head of commodity trading, reporting to Jasper van Wel, global head of structured products trading. Chevance will be ABN's global head of commodity marketing, reporting to Denis McHugh, global head of rates distribution and origination.
ABN started to offer its clients oil and gas hedging services, as part of its financial markets business, this time last year. The bank, which won Energy Risk magazine's 2004 energy finance house of the year award, says it has noted an upswing in business both in the over-the-counter commodities area, as well as in commodity finance activity.
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