BNP Paribas announces strategic hires in its commodity-indexed transactions group

  • 17.07.2001
BNP Paribas is pleased to announce three strategic hires in its Commodity-Indexed Transactions Group: Peter Stoner as Head of Base Metals Trading, Ben Green as Base Metals Options trader in London, and Craig Tuckman as Director, Base Metals Marketing, in New York. They will be reporting to Jean-Marc Bonnefous, Global Head of Commodity-Indexed Transactions.

Peter joins the firm from JP Morgan Chase where he was Vice President, Base Metals Trading since 1998. Prior to that he spent 7 years at Billiton Metals UK where he traded swaps and options for base metals. Ben Green was most recently in charge of options trading for base metals at JP Morgan Chase, following prior positions on the derivatives desks at Tokyo-Mitsubishi Bank and Diageo plc. Craig Tuckman was previously in charge of base metals derivatives marketing at Chase and at Bankers Trust.

Commenting on this appointment, Jean-Marc Bonnefous said: "Peter, Ben and Craig will add significantly to our established leadership in commodity derivatives by enhancing our products delivery in the base metals markets. Their recognized expertise in metals derivatives will benefit BNP Paribas' already large customer base in commodity finance and risk management."

Dominique Remy, Global Head of Energy & Commodity, noted: "Peter, Ben and Craig are the last in a line of strategic hires needed to complete the Energy & Commodity team and reinforce our position as one of the top three leading players in the international commodity finance and risk management markets."

The Energy & Commodities department at BNP Paribas employs 600 people over 5 continents. Its comprehensive products range, from production to end-user of commodities clients. BNP Paribas finances transactions, arranges syndicated credit and structured transactions, finances reserves, brokers futures contracts and makes markets in OTC derivatives products. BNP Paribas is already an Associate Broker Clearing Member of the London Metal Exchange through its affiliate BNP Paribas Commodity Futures Ltd.
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