Deutsche Bank names new head of commodities

Deutsche Bank has appointed Simon Grenfell to take on an expanded position as managing director and head of commodities in Asia. Grenfell joins Deutsche Bank from Macquarie Bank in London, where he was executive director and global co-head of the commodity markets division.

Grenfell started working with the global credit trading product group yesterday, in charge of the expansion of DeutscheÆs regional commodities platform and the range of products offered in Asia.

From his base in Singapore, Grenfell will report regionally to Sajid Javid, head of global credit trading in Asia (ex-Japan), and globally to David Silbert, global head of commodities at Deutsche.

ôAsia is an important region for Deutsche BankÆs global commodities business, as demand for raw materials and agricultural commodities continues to grow. Simon is well-qualified to develop our established business in this key market,ö says Silbert.

Grenfell began his career at Macquarie Bank in Sydney. His experience spans 15 years working in a variety of commodities markets, including metals, energy and soft commodities. With Macquarie he was responsible for the strategic direction and management of the bankÆs global commodities business. Grenfell has also worked for Goldman Sachs in London as executive director and Morgan Stanley in Singapore as vice president.

ôSimonÆs extensive commodities experience, which spans a range of markets and geographies, will be invaluable in directing our Asian commodities platform through its next phase of growth,ö says Javid.