Mercuria Appoints Power, Gas-Trading Heads After JPMorgan Deal
(Bloomberg) — Mercuria Energy Group Ltd., the fourth- largest independent commodity trader, appointed new heads of gas and power trading in Europe and North America after buying assets from JPMorgan Chase & Co. last year.
Etienne Amic, a former managing director at JPMorgan, was named Mercuria’s London-based group head of Europe, Middle East and Africa for Gas, Power and Emissions, according to an internal company memo. Jeremy Taylor, with Mercuria since 2009, becomes group head of North American Gas and Power based in Houston, according to a separate memo.
Matt Lauer, a Geneva-based spokesman for Mercuria, confirmed the appointments by e-mail.
Founded by ex-Goldman Sachs Group Inc. traders Marco Dunand and Daniel Jaeggi, Mercuria has grown from a 10-person shop supplying crude to a pair of Polish refineries to a firm with 2013 revenue topping $112 billion. The oil, metals and coal trader last year paid about $800 million for part of JPMorgan’s physical commodity unit as part of a plan to join the top rank of global trading houses.
Phil Sutterby becomes Mercuria’s head of gas trading in the EMEA region and Kural Ozbek is appointed head of power trading, according to the internal memo. In North America, Pat Strange was named head of natural-gas trading, while Sean O’Neal and Rob Cauthen will co-head power trading.
To contact the reporter on this story: Andy Hoffman in Geneva at ahoffman31@bloomberg.net To contact the editors responsible for this story: Will Kennedy at wkennedy3@bloomberg.net Dylan Griffiths, Randall Hackley
