Bear Unveils U.S. London Metals Desk

Jul 16 2007 | 10:55am ET

Bear Stearns International last week unveiled its London Metals Exchange trading desk in New York with the appointment of Stephen Strutt and Marc Carozza.

The firm opened an LME desk in London two years ago, led by Steve Bingley and Robert Rees, and is now building the global reach of its LME business with the new U.S. desk and plans for a desk in Asia.

Strutt joins Bear from Sempra Metals Services where he was responsible for marketing LME brokerage services for all of North America. Carozza joins from Calyon Financial where he was floor manager, responsible for LME sales and New York Commodities Exchange pit execution in copper.

"We have been building our LME business in London for two years and have seen increasing demand from clients for a global platform, in particular from hedge funds and we have taken the business to the next level with some truly experienced hires,” Peter Williams, head of liquid product sales Europe, said.

“Sid and Marc are noted market professionals who are ideally suited to launching our U.S. desk and who bring valuable expertise to Bear Stearns' metals team."


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note