Icap’s entire London-based coal team is defecting to rival broker Prebon Energy.The coal desk – which helped Icap achieve a number-one ranking in European coal in the Energy Risk Rankings 2004 – will add to Prebon’s overall strategy for expansion in energy markets, according to Prebon Energy’s managing director Andrew Polydor.
The team consists of current team head George Dranganoudis, senior broker Dennis Walton and broker Alexander Newman.
“We intend to establish a presence in freight derivatives by leveraging the coal team’s strong position in the market,” Polydor added.
Icap managing director Paul Newman, who heads the UK broker's commoditiy division, was unavailable for comment.
More on People
Michele Foresti officially resigns from role after failing to receive regulatory approval
James Coulson joins Swiss bank after 18 years at SocGen
Job changes in the derivatives, regulation and risk industry throughout Asia
Hoodless and Madaras among those suspended
Sign up for Risk.net email alerts
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
Nominated for two technology awards
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.