Advertisement
U.S. markets close in 33 minutes
  • S&P 500

    5,263.67
    +15.18 (+0.29%)
     
  • Dow 30

    39,860.95
    +100.87 (+0.25%)
     
  • Nasdaq

    16,406.35
    +6.83 (+0.04%)
     
  • Russell 2000

    2,124.05
    +9.70 (+0.46%)
     
  • Crude Oil

    83.08
    +1.73 (+2.13%)
     
  • Gold

    2,241.90
    +29.20 (+1.32%)
     
  • Silver

    24.97
    +0.22 (+0.88%)
     
  • EUR/USD

    1.0791
    -0.0039 (-0.36%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2624
    -0.0014 (-0.11%)
     
  • USD/JPY

    151.4000
    +0.1540 (+0.10%)
     
  • Bitcoin USD

    70,729.94
    +1,917.02 (+2.79%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

REFILE-MOVES-Citadel hires ex-Glencore trader to head Asia commodities trading team

(Corrects to spokesman, not spokeswoman, in paragraph 2 and 3)

SINGAPORE, Aug 27 (Reuters) - Citadel, one of the world's largest hedge fund managers, said on Thursday it had hired a former Glencore energy derivatives trader to head its first commodities trading team in Asia.

Daniel Liu will join Citadel's commodities business in November as a portfolio manager, initially focused on oil and refined products, a company spokesman said.

"Daniel's team will be Citadel's first commodities trading presence in Asia," the spokesman said in an email, adding that Liu will be based in Singapore and aims for a team of four to five people.

The news comes after the Chicago-based hedge fund and Citadel Securities said on Monday they would open a new office in Singapore.

Liu was recently the head of Asia oil and liquefied natural gas derivatives trading for Glencore in Asia, having worked at Goldman Sachs and Merrill Lynch after starting his career as an analyst at BP, his profile on the website LinkedIn shows.

Glencore and Liu declined to comment. (Reporting by Florence Tan and Chen Aizhu; Editing by Clarence Fernandez)

Advertisement