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Commodities Briefing - Categorized | Market Moves, Trading more

Standard Chartered adds commodity traders on China’s demand

Posted on 06 December 2012

Standard Chartered Plc (STAN), which gets most of its revenue in Asia, increased its global commodity headcount by 25 percent this year and is adding more as demand expands in China, the top user of energy and copper.
The bank added 20 front-office people on a net basis, taking the total to 100, said Arun Murthy, the global head of commodities based in Singapore. The increase includes traders and sales people in oil, coal, metals and agriculture, he said in an interview. The bank may add 10 to 20 in the next six months in places such as Dubai, Shanghai and Johannesburg………………………………………..Full Article: Source

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