By Polina Devitt, Tom Daly and Pratima Desai LONDON, July 30 Senior base metals traders are being lured to new jobs as demand for their expertise rises amid supply-chain disruptions and soaring investment in metals-intensive data centres, sources with knowledge of the matter…
id. Banks are seeing turnover among base metals traders as hedge funds and trading houses step up hiring to expand their commodities teams, the sources said. “The market for base metals and commodities talent is hot right now,” one source said, adding that aluminium and copper traders were “very much in play”
Disruption to aluminium shipments through the Strait of Hormuz and uncertainty surrounding U.S. President Donald Trump’s potential copper import tariffs have increased demand for experienced traders. Copper consumption is also expected to rise as investment in data centres and electric vehicles accelerates.
PREPARING FOR THE ‘PARADIGM CHANGE’ Ben Green, head of base metals at Bank of America and a veteran of the metals derivatives market, has left the bank after more than three years in the role and is currently on gardening leave, three sources told Reuters. Benjamin Vicas, head of JPMorgan’s base metals and ferrous trading desk, has also left after more than 20 years there, the sources said. Andrew Ferguson, an executive director at Morgan Stanley and former head of base metals trading at Bank of America, has likewise departed, they added.