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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…