About Us  |   Contact Us  |   Register  | Login  |   

Follow HedgeWorld on Twitter HedgeWorld on LinkedIn






HEDGEWORLD NEWS
Search the News
Advanced News Search
HedgeWorld News by Region
United States / Americas
Europe
Asia / Australia
International
HedgeWorld News Sections
Managed Futures & Derivatives
Daily News
Regulatory/Legal
Strategies/Analysis
Technology
Opinion
People
Indexes
Other News Features
Most Popular
LexisNexis Headlines
Reuters Headlines
The HedgeWorld Blog
Alternative Advantage Daily Newsletter
RSS Service
Sign Up For Email News Alerts
Reprints



Citigroup Houston head of oil trading leaves for Noble -source
05/15/2014 Email this story  |  Printable Version

May 15 (Reuters) - Citigroup Inc's director of oil trading in Houston has left to join commodities trader Noble Group Ltd, a source familiar with the matter said on Thursday.

Michael Paradise is set to begin trading crude oil for Noble in July, although it was not immediately clear what his new title would be.

Paradise has been at the Wall Street bank's trading desk for the last four years, having previous stints at Constellation Energy, Duke Energy, BNP Paribas and Enron, according to his LinkedIn profile.

Singapore-based Rob Biro, Citigroup's global head of oil trading, resigned in March.

Citigroup is trying to increase its commodities footprint, with plans to move into trading physical Canadian crude oil after a number of Wall Street banks have backed off from the physical commodity business.

Noble Group did not immediately respond to requests to comment. The story was first reported by SparkSpread.com

Last year, JPMorgan Chase & Co's head of global oil trading, Jeff Frase, was said to have left the bank to run Noble's oil business. (Reporting by Catherine Ngai; Editing by David Gregorio)


Email This Story to a Friend   |   Display Printable Version of This Story

Story Copyright © 1999-2014 Reuters HedgeWorld All rights reserved.

HedgeWorld News is sponsored by:






Lipper    Privacy   User Policy  Legal Disclosure Copyright/DMCA  Site Map    FAQ    Glossary  Thomson Reuters for Hedge Funds
All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of HedgeWorld content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. HedgeWorld is a registered trademark of Thomson Reuters.