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
Head of clearing and risk understood to be moving into private practice
Dealer rejigs multi-asset group management with internal promotions
Gérardin replaces Papiasse, who stays, but focuses on "remediation plan"
Former SG Asia sales head Nicolas Reille joins Natixis in Hong Kong
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.