By Julian Luk and Pratima Desai
LONDON, June 14 (Reuters) –Mercuria has hired Goldman Sachs’ Nicholas Snowdon for its metals team as the energy trader seeks to expand its presence in the sector which includes energy transition materials, two sources with knowledge of the matter told Reuters.
Snowdon starts with Mercuria in August, according to one of the sources, and will work alongside another high-profile hire, Trafigura’s former co-head of metals Kostas Bintas.
Goldman Sachs and Mercuria declined to comment. Snowdon could not be reached for comment.
His departure from Goldman follows that of Jeff Currie, Goldman’s former head of commodities research, who joined private equity giant Carlyle CG.O in February this year to lead energy transition analysis.
Other energy traders are also moving back into the metals sector, looking for the lucrative opportunities expected from the energy transition which includes electric vehicles and renewable energy technology.
Energy transition metals include copper, aluminium, nickel, tin and cobalt.
Reporting by Julian Luk and Pratima Desai; Editing by Jan Harvey
Source: xm.com
