Vitol veteran Preston joins energy brokerage

Cornerstone builds commodity finance business by hiring Duncan Preston

Oil barrels

A 20-year veteran of Switzerland-based commodity trading house Vitol is set to join US energy derivatives brokerage Cornerstone Global Commodities in May as part of the firm's effort to build a new business brokering commodity finance deals for oil companies and other energy industry clients.

Duncan Preston, who most recently worked as Vitol's head of business development for Africa, will join the brokerage as a Dubai-based managing director for origination in Europe, Middle East and Africa

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