SSY, the world's largest independent shipbroker has today announced that its commodities arm, SSY Futures, is further expanding its reach in the commodities sector with the launch of a dedicated Agricultural Derivatives sales and execution desk.
Initially focusing on grains,oil seeds and soft commodity derivatives,the new business will compliment SSY Futures' already extensive portfolio in the freight and commodities space while leveraging on SSY's global infrastructure and regulatory licenses in addition to its considerable experience in Dry Bulk.
Operating out of the London office, the new desk will beheaded up by Andrew Rechten, a commodities veteran who has previously held senior roles at Merrill Lynch, JP Morgan, Macquarie and SEB amongst others.Agricultural specialists, Francois Churland and Owen Scrimgeour will also join the team.
Speaking on today's announcement, Jamie Pearce, Partner and Global Head of SSY Futures comments;“As one of the leading players in commodity derivatives, it's important that we continue to evolve our portfolio so our clients can access the widest possible range of commodities. I'm delighted that we have expanded our reach once more with the launch of a dedicated Agriculturals desk and look forward to working closely with Andrew,Francois and Owen as we build the business".
Jamie Pearce
Also speaking on today's announcement, Andrew Rechten, Head of Agricultural Derivatives, SSY comments:“SSY is one of the biggest and most successful ship brokers in the world and the team is delighted to be joining such an established and trusted brand. By leveraging on SSY's scale and size, we will be able to better serve our client's needs through enhanced market intelligence solutions, state-of-the-art execution infrastructure and information flow, in addition to seamless 24hr “Follow the Sun"coverage".
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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