macquarie-hires-team-to-trade-physical-oil-in-singapore

Macquarie hires team to trade physical oil in Singapore

The Australian bank appoints industry veteran Stephen Taylor to lead its energy markets divisionÆs new venture into physical oil trading in Asia.

Macquarie Group's Energy Markets Division EMD plans to start a physical oil trading business in Singapore. The initiative follows the successful development of EMD's physical natural gas and electricity trading businesses in North America and Europe, as well as its global physical coal trading operation.

The Australian bank has hired a team of six people led by Stephen Taylor from Masefield AG, an independent oil trading firm based in Zug, Switzerland. Taylor joins as division director and head of physical oil in Asia and reports to David Heard, head of oil gas Asia.

The team is made up of industry veterans, most with at least 20 years' experience. Taylor has been based in...

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