JP Morgan hires 50 for commodities teams

The bank has recruited Foster Smith, formerly at Deutsche Bank, as head of US power and gas trading. Also joining the US power and gas trading business are Matt Motley, formerly at Sempra Energy, as head of power trading; Jeffrey Stone and Win Russell, formerly at Deutsche Bank, as directors of US gas options trading and west power trading respectively; Robert Benson and Frank Ermis from UBS as directors of east power trading and west gas trading; and Peter Miller from Goldman Sachs as vice-president in west physical power trading.

JP Morgan announced four hires in global oil trading. Joining from Goldman Sachs are Kiru Rajasingam, head of global distillates trading; Simon Towns, director of gasoline trading; and Andrew Harrison, director of distillates trading. Michael Cundey joins from Barclays Capital as vice-president of fuel oil trading.

The bank said it is also planning an expansion into the carbon and environmental markets. Odin Knudsen, formerly an advisor to the World Bank, has joined as head of carbon strategy and business development. Kedin Kilgore joined as head of environmental products for the Americas from RNK Capital. And Bhavna Prasad and Tina Reine will join the environmental marketing team - Prasad from the bank's environmental affairs office and Reine from CantorCO2e/Climatewarehouse, an emissions offset broker.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here