Citadel Hires Former Glencore Trader to Lead Asia Commodities Trading Team


FILE PHOTO: Traders work at Citadel Securities on the floor of the New York Stock Exchange (NYSE) in New York, United States, July 18, 2016. REUTERS / Brendan McDermid

SINGAPORE (Reuters) – Citadel, one of the world’s largest hedge fund managers, said Thursday it has hired a former Glencore energy derivatives trader to lead its first team of commodities trading in Asia.

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

“Daniel’s team will be Citadel’s first commercial presence in Asia,” the spokesperson said in an email, adding that Liu will be based in Singapore and is targeting a team of four to five people.

The news comes after the Chicago-based hedge fund and Citadel Securities announced Monday that they will be opening a new office in Singapore.

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

Glencore and Liu declined to comment.

(This story corrects to the spokesperson, not the spokesperson, in paragraphs 2 and 3)

Reporting by Florence Tan and Chen Aizhu; Editing by Clarence Fernandez

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