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Money Talk

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Base metals trading desks see exodus as competition for talent spikes

A wave of departures among senior base metals traders has hit top-tier banks and trading houses, driven by a scramble for expertise in a volatile market. As supply chains fracture and demand for copper and aluminum surges, hedge funds and commodity firms are aggressively poaching veteran staff to navigate the shifting landscape.

Base metals trading desks see exodus as competition for talent spikes
Photo: Business Person

Ben Green, who led base metals at Bank of America, has exited the firm after three years, joining a list of high-profile departures that includes JPMorgan’s Benjamin Vicas and Morgan Stanley’s Andrew Ferguson. Vicas leaves behind a two-decade tenure at JPMorgan, while Ferguson’s exit from Morgan Stanley marks another significant loss for the bank’s commodities desk. None of the three executives, nor the banks involved, have disclosed their next destinations.

This churn reflects a broader scramble for human capital as firms prepare for what analysts call a paradigm shift in hard asset values. The surge in demand for copper—fueled by the rapid expansion of data centers and electric vehicle infrastructure—has made experienced traders highly sought after. Parallel shifts are occurring at trading houses, where Adhitya Sethaputra has departed Radiant World, while others like Alex Nizan and Sonny McNess have secured new roles at Gerald Group and Hartree Partners, respectively. As supply-chain disruptions in the Strait of Hormuz and the specter of U.S. trade tariffs complicate the outlook, companies are betting that securing top-tier talent is the only way to monetize the volatility ahead.

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