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FT Commodities Global Summit

The Start of a New Cycle

Lausanne |  - 
Speakers include:
Johnny (Jingtao) Chi

Johnny (Jingtao) Chi

COFCO International

Emmanuel Ibe Kachikwu

Emmanuel Ibe Kachikwu

Federal Republic of Nigeria

Marco Dunand

Marco Dunand

Mercuria Group

Overview

Commodity markets have always been prone to boom and bust. Now, more than a year into a recovery, the foundations for a new cycle are being laid. A lull in investment is already leading to a contraction in supply across many commodities markets, helping to support prices and boost sentiment. At the same time, the global economy is enjoying its best period of growth since the financial crisis and new sources of demand are emerging as the green energy revolution takes hold - creating opportunities but also threats for the world’s biggest traders.

To thrive in this new era - where technology and digitisation will play a greater role - the industry will need to employ the best tactics and strategies. The leaders of some of the world’s biggest trading houses and resources companies will gather in Lausanne to debate this topic and other key issues facing oil, metals and grains markets.

Now in its seventh year, the FT Commodities Global Summit has established itself as the pre-eminent gathering of senior commodity executives, traders and financiers.

We'll also be holding two further commodities summits in Rio on 16th October and Tokyo on 4th December.

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fallback Add to my Calendar 03/19/2018 18:30:0003/21/2018 14:00:00trueFT Commodities Global SummitCommodity markets have always been prone to boom and bust. Now, more than a year into a recovery, the foundations for a new cycle are being laid. A lull in investment is already leading to a contraction in supply across many commodities markets, helping to support prices and boost sentiment. At the same time, the global economy is enjoying its best period of growth since the financial crisis and new sources of demand are emerging as the green energy revolution takes hold - creating opportunities but also threats for the world’s biggest traders.To thrive in this new era - where technology and digitisation will play a greater role - the industry will need to employ the best tactics and strategies. The leaders of some of the world’s biggest trading houses and resources companies will gather in Lausanne to debate this topic and other key issues facing oil, metals and grains markets.Now in its seventh year, the FT Commodities Global Summit has established itself as the pre-eminent gathering of senior commodity executives, traders and financiers.We'll also be holding two further commodities summits in Rio on 16th October and Tokyo on 4th December.FT-Commodities-Global-Summit648392676ca9e561b73e14204fcc83deMM/DD/YYYY

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Testimonials

“It is one of the best networking opportunities in the global commodities space”

Tony Hayward, Chairman Glencore

"The FT Commodities Summit for me is the premier event of its type."

Christopher Mahoney, Director, Agricultural Products Business Segment, Glencore Plc

"It's one of the rare events where you actually see all the leaders of the industry in one place."

Andreas Schmitz, Head of Corporate Finance & Assets, Concord Resources Limited

“In terms of commodity trading this is THE event to be at”

Randy Wilson, Partner, Deloitte

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Photos

See the 2017 Photos here

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Speakers (42)

Johnny (Jingtao) Chi

Johnny (Jingtao) Chi

Chief Executive Officer
COFCO International

Mr Johnny (Jingtao) Chi is Executive Vice-President of COFCO Corporation and was appointed Chief Executive Officer and Vice-Chairman of COFCO International in 2017.

Mr Chi joined COFCO Corporation in 2003 and was appointed Head of the Human Resources department in 2004. From 2010 to 2016, he served as Vice-President of COFCO Corporation, while holding the positions of Chairman of China Agri-Industries Holdings Ltd. and China Food Ltd. and CEO of China Grains & Logistics Corp and COFCO Trading Ltd.

Mr Chi started his career at China Minmetals Corporation, China’s largest metals and minerals company, where he held the position of Head of Human Resources. 

Mr Chi has bachelor’s degrees in both engineering from Armored Engineering Institute and enterprise management from Fudan University in Shanghai. He holds an EMBA from Beijing University of International Business and Economics.

Emmanuel Ibe Kachikwu

Emmanuel Ibe Kachikwu

Minister of State for Petroleum Resources
Federal Republic of Nigeria

Dr Emmanuel Ibe Kachikwu is the present Minister of State for Petroleum Resources of The Federal Republic of Nigeria and Chairman of the Board of the Nigerian National Petroleum Corporation (NNPC). He was appointed by President Muhammadu Buhari to oversee the task of reforming and institutionalising transparency, accountability and productivity in the Nigerian oil and gas sector. In 2015, he became Group Managing Director of NNPC, rising to the position of Chairman of the Board in 2016, where he superintends over the affairs of the corporation.

Prior to this, Dr Kachikwu was Executive Vice Chairman of Mobil Producing Nigeria Unlimited and General Counsel for ExxonMobil Nigeria affiliate Upstream and Downstream Companies in Nigeria. He was appointed Executive Director ExxonMobil Group of Companies in 2003, and in 2001 he became General Counsel/Secretary to the Board of Mobil Producing Nigeria Unlimited.

Between 1992 and 2001, he served as Chairman & Chief Executive of Flame Petroleum & Gas Company Limited, Intel & Data Consultants Limited, True Tales Publications Limited (Publishers of Hints Magazine) and Beverly Cops & Security Company Limited. Dr Kachikwu was General Counsel/Legal Adviser at Texaco Nigeria and Texaco Overseas Petroleum Company from 1984 to 1994

Dr Kachikwu is a graduate of Law from the University of Nigeria Nsukka and Nigerian Law School. He received a Masters in Law with special focus on Energy and Petroleum Law and Investment and a Doctorate Degree with specialization on Petroleum and Investment Law Strategies from Harvard Law School, USA.

Marco Dunand

Marco Dunand

Chief Executive Officer
Mercuria Group

Marco Dunand is Group Chief Executive for Mercuria Energy Group, one of the world's largest independent energy and commodity groups. The Group’s activities span the energy value chain in trading, asset development and structuring. Previous to his current post, Mr Dunand successfully spearheaded the launch of Sempra Energy in Europe and Asia. He left the company in 2004 to found Mercuria together with Daniel Jaeggi.

From 1994 to 1999 he was appointed Managing Director of the European and Asian operations at Phibro, Salomon Brothers in London. Mr Dunand previously joined the J.Aron division at Goldman Sachs, based in London, where he was Managing Director of the European crude oil business. At the beginning of his trading career, he worked with Cargill International SA. Mr Dunand graduated from the University of Geneva, where he earned a degree in Economics and Management.

Richard Adkerson

Richard Adkerson

Vice Chairman, President and Chief Executive Officer
Freeport-McMoRan Inc.

Richard C. Adkerson is President, Chief Executive Officer and Vice Chairman of Freeport-McMoRan Inc. FCX, with headquarters in Phoenix, Arizona, is a leading international mining company. It is the world's largest publicly traded copper producer, the world’s largest producer of molybdenum, and a significant gold producer.

Mr Adkerson is a founding member and serves as Chairman of the Advisory Council of the Kissinger Institute on China and the United States. He is a member of the Council on Foreign Relations, The Business Council and the Business Roundtable. He is current member and past Chairman of the International Council on Mining and Metals and serves on the Arizona Commerce Authority and Greater Phoenix Leadership. For eight years, he was named The Best CEO in Metals and Mining by Institutional Investor magazine. He was Copper Man of the Year
2009 and is an inductee into the American Mining Hall of Fame. He is an officer and Immediate Past Chairman of the National WWII Museum and is on the Board of Visitors of the M.D. Anderson Cancer Center.

Mr Adkerson graduated from Mississippi State University with a BS degree with highest honors and an MBA degree. In 2010, he received an Honorary Doctor of Science degree from Mississippi State. He was named National Alumnus of the Year in 2011. In 1988, Mr Adkerson
completed the Advanced Management Program of the Harvard Business School. Prior to joining Freeport-McMoRan in 1989, he was Partner and Managing Director in Arthur Andersen & Co. where he headed the Firm's Worldwide Oil and Gas Industry Practice. From 1976 to
1978, he was a Professional Accounting Fellow with the Securities and Exchange Commission in Washington, D.C.

Iván Arriagada

Iván Arriagada

Chief Executive Officer
Antofagasta

In February 2015, Iván Arriagada joined Antofagasta Minerals S.A., a Chilean-controlled company listed on the London Stock Exchange and a constituent of the FTSE 100 Index.  In April 2016, he was appointed CEO of Antofagasta plc, the holding company of Antofagasta Mining Group. Mr Arriagada is a commercial engineer, graduate from the Adolfo Ibañez Business School at Universidad Federico Santa María and holds a Master of Science from the London School of Economics.

Prior to joining Antofagasta Minerals, he held the position of Chief Financial Officer at Codelco. Before this, he was President of Pampa Norte at Base Metals BHP Billiton, Vice President of Operations at Base Metals BHP Billiton and Chief Financial Officer for Copper at BHP Billiton.  

Mr Arriagada previously worked in the oil and gas industry at Royal Dutch Shell International, holding various posts in finance and business development, primarily in England, USA and Argentina.

Sebastian Barrack

Sebastian Barrack

Head of Commodities
Citadel

Sebastian Barrack is Head of Commodities at Citadel and is a member of Citadel’s Portfolio Committee. Mr Barrack leads the investment teams trading natural gas, power, crude and refined products, agriculture and other commodity products.

Prior to joining Citadel, Mr Barrack was at Macquarie Group Ltd. for more than 20 years, where he built and led the agriculture, energy and metals teams across the US, Europe and Asia, and most recently served as Global Head of Metals, Mining & Agriculture.

Mr Barrack received a bachelor’s degree in Economics (Honours Econometrics) from Australian National University.

Eric Bensaude

Eric Bensaude

Managing Director, Commercial Operations & Asset Optimisation
Cheniere Energy

Mr Bensaude has more than 20 years of experience in the energy, oil and natural gas trading and
marketing business. Prior to joining Cheniere, Mr Bensaude served as Head of Global LNG at EDF
Trading where he set up and ran the LNG trading and marketing department. Previous assignments
include: General Manager for natural gas and LNG origination.

Prior to EDF Trading, Mr Bensaude was an Associate at Booz Allen & Hamilton in the Energy Practice, working on a variety of gas & power assignments. He started his career in energy as a trader of middle distillates for Total and previously served as the representative for the French bank, Société Générale, in Canton, PR of China. Mr Bensaude held the position of Vice-Chairman of the European Federation of Energy Traders Gas Committee while at EDF Trading.

Mr Bensaude holds an MBA from ESSEC, business school in France, and studied Mandarin at Paris 7 Jussieu.

George   Cheveley

George Cheveley

Portfolio Manager
Investec Asset Management

George Cheveley is a portfolio manager and metals and mining specialist in the Natural Resources team at Investec Asset Management having joined the firm in 2007.

Prior to this, he was a market analyst for three years at BHP Billiton, working in The Hague and Singapore. He was recruited to BHP Billiton in 2004 from CRU (Commodities Research Unit), an independent metals/chemicals related research company based in London. At CRU, he spent three years in the Carbon Steel team and five years as a Research Manager – Copper, providing in-depth research and forecasts to the industry, banks and hedge funds. Mr Cheveley began his career in 1990 in operations at British Steel Strip Products, working for three years in the Tinplate division.

Mr Cheveley graduated from the University of Oxford in 1989 with an honours degree in Classics and in 1995 was awarded an MBA from Warwick University.

Mark Cutifani

Mark Cutifani

Chief Executive
Anglo American

Mark Cutifani, BE (Mining Engineering), was appointed as Chief Executive of Anglo American in 2013. He has more than 40 years’ experience in the mining industry. A trained mining engineer, Mr Cutifani has worked across six continents, 25 countries and more than 20 commodities. He has built a reputation based on his broad industry technical and commercial knowledge and, having successfully turned around Anglo American’s operational and financial performance, he is recognised as an industry innovator with a track record of building high performing teams and delivering improvements across all facets of the business.

In his previous role as CEO of AngloGold Ashanti, Mr Cutifani led the revitalisation and restructuring of its global mining business, delivering significant business improvements, ranging from safety, operations, capital discipline and project delivery, exploration and financial restructuring. Mr Cutifani has also held the positions of COO for Inco and Vale’s global nickel business, as well senior executive positions with the Normandy Group, Sons of Gwalia, Western Mining Corporation, Kalgoorlie Consolidated Gold Mines and CRA (Rio Tinto).

Amongst a number of advisory council commitments around the world, Mr Cutifani is on the International Advisory Council of the Kellogg Innovation Network, and has previously served as chairman of the ICMM and Chairman of the South African Chamber of Mines. He was awarded an honorary doctorate for services to safety in the mining industry by the University of Wollongong (Australia) in December 2013 and an honorary doctorate by Laurentian University in Canada in 2015. With a leadership style that puts its focus on people development, accountability and the delivery of sustainable value, Mr Cutifani has placed an emphasis on developing strong investor, labour, industrial, government and community relationships.

Jeffrey Dellapina

Jeffrey Dellapina

Chief Financial Officer
Vitol Group

Jeffrey Dellapina is a member of the Vitol Executive Committee. Mr Dellapina joined Vitol in January 2005 from JPMorgan Chase, where he was a Managing Director in the Investment Banking/Sales and Trading division. Mr Dellapina holds an undergraduate degree from the University of Notre Dame.

Gerard Delsad

Gerard Delsad

Chief Information Officer
Vitol Group

Gerard Delsad is Chief Information Officer (CIO) for the Vitol Group, a member of the Executive Committee and also head of Vitol’s Geneva operations. As CIO of Vitol, Mr Delsad is responsible for all aspects of IT and for ensuring that the business’ needs are served by its technology infrastructure and applications. 

Mr Delsad joined Vitol in September 1996 from KPMG. Prior to KPMG he worked for CERN (European Centre for Research in Nuclear Physics) and Sopra Informatique.

He holds a Masters in Engineering from Télécom ParisTech, 1986.

Jacques Erni

Jacques Erni

Chief Financial Officer
Gunvor Group

Jacques Erni joined Gunvor in 2007 and has been the Group’s Chief Financial Officer since 2013. He has served as a Member of the Board of Directors of Gunvor Group Ltd since 2010. Mr Erni holds a Swiss CPA degree and is a Member of the Chambre Fiduciaire Suisse. Prior to joining Gunvor, he worked in the audit department of PricewaterhouseCoopers in its Geneva office.

Ivan Glasenberg

Ivan Glasenberg

Chief Executive Officer
Glencore

Ivan Glasenberg joined Glencore in April 1984 and has been Chief Executive Officer since January 2002.
 
Mr Glasenberg initially spent three years working in the coal commodity department in South Africa as a marketer, before spending two years in Australia as head of the Asian coal commodity division. Between 1988 and 1989, he was based in Hong Kong as head of Glencore’s Hong Kong and Beijing offices, as well as head of coal marketing in Asia, where his responsibilities included overseeing the Asian coal marketing business of Glencore and managing the administrative functions of the Hong Kong and Beijing offices.
 
In January 1990, he was made responsible for the worldwide coal business of Glencore for both marketing and industrial assets, and remained in this role until he became Chief Executive Officer.
 
Mr Glasenberg is a Chartered Accountant of South Africa and holds a Bachelor of Accountancy from the University of Witwatersrand. Mr Glasenberg also holds an MBA from the University of Southern California. He is currently a non-executive director of Rusal and Rosneft Oil. Before joining Glencore, Mr Glasenberg worked for five years at Levitt Kirson Chartered Accountants in South Africa.

Jonathan Goldberg

Jonathan Goldberg

Founder and Chief Investment Officer
BBL Commodities, LP

Jonathan Goldberg is the founder and Chief Investment Officer of BBL Commodities, LP. Prior to launching BBL in August 2013, Mr Goldberg was a Partner at Glencore, LTD. based in Stamford, CT, where he was responsible for building the firm's U.S. oil derivatives business. Mr Goldberg managed a proprietary book and leveraged his financial experience, as well as his understanding of the physical oil markets. Before joining Glencore in 2010, Mr Goldberg worked for J. Aron, the commodities division of Goldman Sachs from 2003 to 2010. He began his career working with Goldman's refining and end user clients on structured hedging transactions before taking over a proprietary trading role where he traded across the macro and commodity investment complex but concentrated his expertise in oil products.
Mr Goldberg serves on the boards of Uncommon Schools, Camden and Village Health Works. He is also involved with top thought leaders in the global energy landscape working for the Center on Global Energy Policy at Columbia University's long term energy demand initiative and has been a guest lecturer at Columbia. He graduated with honors from Yale University, with a degree in economics.

Sanjeev Gupta

Sanjeev Gupta

Executive Chairman
GFG Alliance

Sanjeev Gupta is an international industrialist, businessman and entrepreneur, heading a global enterprise with activities spanning steel and aluminium production, engineering, power generation, banking, real estate and commodities trading. As Executive Chairman of the GFG Alliance, he leads a fast-growing $13bn global industrial group, headquartered in London, with additional global hubs in Dubai, Singapore, Hong Kong, Sydney and Paris, and further presence across 30 countries. Through a strategy that disrupts the perception of steel and engineering as dying industries, Mr Gupta recently acquired and successfully relaunched over 40 businesses, saving nearly 12,000 jobs, whilst also working and investing in his GREENSTEEL plan to rejuvenate manufacturing alongside renewable energy generation.

Hadi Hallouche

Hadi Hallouche

Head of Natural Gas, LNG, Naphtha & Condensates Trading
Trafigura Group Pte Ltd

Hadi Hallouche is the Head of Natural Gas, LNG, Naphtha & Condensates Trading at Trafigura.

Established in 1993, Trafigura is a leader in the commodities business. Trafigura has achieved substantial growth in recent years, growing revenue from USD18 billion in 2004 to USD136.4 billion in 2017. The Group’s primary trading businesses are the supply and transport of crude oil, petroleum products, renewable energies, coal, refined metals, ferrous and non-ferrous ores and concentrates.

Prior to joining Trafigura in 2011, Mr Hallouche spent 7 years in Royal Dutch Shell in various LNG strategy, origination and trading roles based in The Hague and Dubai, last of which was leading Shell’s LNG trading business in the Middle East and India.

Mr Hallouche holds a PhD in Economics and has notably published with the Oxford Institute of Energy Studies research on natural gas cartels. He has since retained various academic affiliations internationally and in his native Algeria. He is fluent in English, Arabic and French.

Tony  Hayward

Tony Hayward

Chairman
Glencore

Tony Hayward studied geology at Aston University in Birmingham and completed a PhD at Edinburgh University. He holds honorary doctorates from the University of Edinburgh, Aston University, the University of Birmingham and Aberdeen's Robert Gordon University.

He was Group Chief Executive of BP from 2007 to 2010 having joined BP in 1982 as a rig geologist in the North Sea. Following a series of technical and commercial roles in Europe, Asia and South America, he returned to London in 1997 as a member of the Upstream Executive Committee. He became Group Treasurer in 2000, Chief Executive for BP's upstream activities and member of the Main Board of BP in 2003.

In June 2011 Mr Hayward founded Vallares plc, a $2.2bn acquisition company listed on the London Stock Exchange. He became Chief Executive of Genel Energy plc in November 2011 following the merger of Vallares plc and Genel Enery International, the largest oil producer in the Kurdistan Region of Iraq. Mr Hayward was appointed Chairman of Genel Energy in August 2015 and retired from the position in June 2017.

Mr Hayward is Chairman of Glencore, a Managing Partner of St James's Asset Management LLP and a Partner of AEA Investors. In addition he is a member of the British Museum's Chairman's Advisory Board and a member of the Development Advisory Board of the Royal Academy of Engineering. He is a Fellow of the Royal Society of Edinburgh, a visiting professor at the School of Geosciences at the University of Edinburgh, a member of the International Advisory Board of Birmingham University and chairs Aston University's Development Board.

Daniel Hines

Daniel Hines

Chief Financial Officer
Castleton Commodities International

Daniel F Hines is Chief Financial Officer at Castleton Commodities International (CCI). Prior to joining CCI, Mr Hines worked at. J.P. Morgan since 1989, where he held a variety of senior level finance positions within the investment bank. From 2007 to 2011, he was Chief Financial Officer and Head of Business Management for J.P. Morgan’s global commodities business where he played a key role in the expansion of the commodities franchise. He received his BS in accounting from St. John’s University and is a certified public accountant.

Guy Hogge

Guy Hogge

Global Head - Sustainability
Louis Dreyfus Company

As Louis Dreyfus Company’s (LDC’s) Global Head of Sustainability, Guy Hogge has been responsible for formulating and leading the company’s sustainability strategies and initiatives across the globe since 2010.

He joined the Group in 1994 and, prior to his current role, held various commercial positions within LDC’s Sugar and Oilseeds platforms. Before joining LDC, Mr Hogge spent seven years with British multinational Tate & Lyle, first as a graduate trainee and then moving on to commercial positions in the animal feed and sugar trading divisions. He holds a BSs with honours in Agricultural and Food Marketing from the University of Newcastle, UK.

Jonathan  Horrell

Jonathan Horrell

Director Global Sustainability
Mondelēz International

Jonathan Horrell is Director Global Sustainability for the snacking company Mondelēz  International, a world leader in biscuits, chocolate and other categories, featuring brands such as Oreo and belVita biscuits; Cadbury Dairy Milk and Milka chocolate; and Trident gum. Mondelēz International is a member of the Standard and Poor’s 500, NASDAQ 100 and Dow Jones Sustainability Index.

He is responsible for sustainability strategy, managing key sustainability issues, and building relationships with policy makers and external stakeholders to support the company’s strategic sustainability priorities.

His responsibilities cover sustainability across the value chain from agricultural sourcing to post-consumer waste, working alongside specialists from functions across the business.

He joined the company in 2003. Until December 2011 - a period which included the acquisition of Cadbury – he was Corporate Affairs Director for the UK and Ireland, with responsibility for external and internal communications, public affairs and community involvement. During that time, he managed communications programmes  supporting Kenco's introduction of coffees from Rainforest Alliance Certified farms to the UK and Ireland.

Originally a dairy farmer, Jonathan previously worked in the UK dairy industry and a journalist on a variety of IT and finance titles.

Paul Horsnell

Paul Horsnell

Head of Commodities Research
Standard Chartered

Paul Horsnell is the Head of Commodities Research at Standard Chartered in London. Dr Horsnell joined Standard Chartered in 2013 and was previously Head of Commodities Research at Barclays, and Head of Energy Research at JPMorgan.

Prior to becoming a financial analyst, he was Praelector in Economics at Lincoln College, Oxford University and Assistant Director for Research at the Oxford Institute for Energy Studies. He is the author of Oil Markets and Prices (with Robert Mabro) and Oil in Asia (both Oxford University Press), and a former Chairman of the British Institute of Energy Economics. He holds a degree in Philosophy, Politics and Economics and a Doctorate in Economics, both from Oxford University.

Daniel 		 Jaeggi

Daniel Jaeggi

Co-Founder & President
Mercuria Energy Trading SA

Daniel Jaeggi is President of Mercuria Energy Group. Together with Marco Dunand, he co-founded Mercuria Energy Trading S.A. in 2004, which within a few years became one of the leading energy and commodity trading companies world-wide. Previous to this, Mr Jaeggi directed the launch of Sempra Oil Trading SARL in Europe, where together with Mr Dunand he was responsible for trading operations in Europe and Asia.

From 1994 to 1999, Mr Jaeggi directed trading operations at Salomon Brothers in London, covering Europe and Asia. From 1987 to 1994 while based in London at Goldman Sachs’ J.Aron division, Mr. Jaeggi traded crude oil and petrochemical feed-stocks.

Prior to that, Mr Jaeggi was at Cargill International S.A. in Switzerland, responsible for trading Naphtha and LPG.

A native Swiss citizen, Mr Jaeggi studied political science at the Institut d’Etudes Politiques in Paris, the University of Geneva and the Institut des Hautes Etudes Internationales. He holds a Master’s degree in Political Science from HEI.

Fabio Kuhn

Fabio Kuhn

Co-Founder and Chief Executive Officer
Vortexa

Fabio Kuhn is the Co-Founder and CEO of Vortexa, the leading artificial intelligence company focused on global energy markets. Prior to Vortexa, Mr Kuhn was the Head of BP’s global front-office technology programme and innovation group.

Before joining BP, Mr Kuhn had various technology leadership roles at Uniper (formerly known as E.ON Energy Trading) in Dusseldorf, Germany. He was also a Quant Trader in a Statistical Arbitrage hedge fund based in San Francisco and worked at the NASA Ames Research Centre in Moffett Field, California. While in college, Mr Kuhn started a successful Internet access company, which he was fortunate to sell just before the dotcom crash.

Mr Kuhn has a Master of Liberal Arts in Extension Studies (Information Management Systems) from Harvard University, a graduate certificate in Quantitative Methods in Finance and Risk Management from Stanford University, an MBA in Finance and Strategy from Purdue University and a Bachelor in Business Administration from UNIFACS.

David Lilley

David Lilley

Managing Director
Drakewood Capital Management Ltd

David Lilley is the founder of Drakewood Capital Management Ltd, a new commodities investment management company. Drakewood is pursuing the twin strategies of investment in Industrial metals fabrication and fund management in metals derivative and financial markets. The company led its first industrial acquisition in December 2017 buying the North American copper tube manufacturing division of Luvata. Mr Lilley also manages a derivatives trading fund called Prospect. This fund was launched in 2006 and management is being migrated from Red Kite to Drakewood. Drakewood plans to launch additional investment funds during 2018.

Mr Lilley was one of three founding Partners of Red Kite in 2004. The firm went on to become the largest Metals focused hedge fund. Red Kite’s investment fund strategies have included physical trading, futures/derivatives investment, mine finance, long only, equities and Chinese domestic arbitrage strategies. Mr Lilley maintains an interest in Red Kite but since January 2018, his day to day activities are now focused on Drakewood.

Prior to the launch of Red Kite, Mr Lilley was a physical metals Trader at Cargill, Philipp Brothers, MG Metal and Commodity and Sudamin.

Ben  Luckock

Ben Luckock

Co-Head of Group Market Risk
Trafigura Group Pte Ltd

In September 2016 Ben Luckock was appointed Co-Head of Trafigura Group Market Risk following six successful years as Global Head of Crude Oil Trading.  In his role Mr Luckock jointly oversees group proprietary trading, the global oil central execution desks and the derivatives desks.

Mr Luckock also develops and manages strategic commercial relationships in the oil trading activities of the company and oversees the commercial activity for both Crude and Products for the Trafigura group in Russia amongst other countries. He also takes an interest in all asset classes of the group working closely with the Metals and Minerals trading division.

Prior to joining Trafigura in 2007, Mr Luckock spent nearly 10 years with BP as a Crude Oil trader, gaining experience working in London, the United States, Australia and New Zealand.

Andrew Mackenzie

Andrew Mackenzie

Chief Executive
BHP Billiton

Andrew Mackenzie was appointed as Chief Executive Officer of BHP Billiton effective from 10 May 2013. He joined in 2008 as Chief Executive Non‐Ferrous with responsibility for over half of BHP Billiton’s 100,000 strong workforce across four continents. His portfolio included Escondida in Chile, the world’s largest single source of copper.

Mr Mackenzie has over thirty years’ experience in oil and gas, petrochemicals and minerals and has held senior positions in BP and Rio Tinto. He has been a Non‐Executive Director of Centrica and has served on the Audit, Remuneration and Corporate & Social Responsibility committees. He has also chaired Demos, one of the UK’s most influential think‐tanks.

Mr Mackenzie has a doctorate in Chemistry and a first‐class degree in Geology. In early 2014 he was announced as being on the Science Council’s list of top 100 UK practising scientists. On 1 May 2014 he was elected a Fellow of the Royal Society of London.

Jean-Pierre  Mateille

Jean-Pierre Mateille

Vice President Trading Gas & Power, Total

Jean-Pierre Mateille joined Total in 1983 in the Exploration & Production business segment and is currently is Vice President, Trading at Total Gas & Power Ltd, Total’s London-based worldwide trading arm for natural gas, power and LNG.

Total Gas & Power’s LNG portfolio includes sale and purchase agreements (SPAs) with leading producers such as Nigeria, Norway, Qatar, Russia, the United States and Yemen, as well as long-term sales agreements into various European and Asian countries including China, Japan, Singapore and South Korea.

Mr Mateille is a graduate of Ecole Centrale de Paris engineering school and has an M.S. in civil engineering from Stanford University.

Anthony Milewski

Anthony Milewski

Chairman
Cobalt 27

Mr Milewski is the Chairman of Cobalt 27 and a MD at Pala Investments.  He has spent his career in various aspects of the mining industry, including as a company director, advisor, founder and investor.  In particular, he has been active in the battery metals industry including investing in cobalt and actively trading physical cobalt. In 2016, one of the industry’s leading publications, “The Mining Journal,” named him as a Future Mining Leader.

Mr Milewski has managed numerous mining investments at various stages of development, including exploration, development, production and turnaround situations, and across a broad range of commodities.  He has served as a director of both public and private companies and has been seconded as interim CEO on multiple occasions. Mr Milewski is a member of the investment team at Pala Investments Limited.  Prior to joining Pala Investments, he worked at Firebird Management LLC.

Mr Milewski previously worked at Renaissance Capital and Skadden, Arps, Slate, Meagher & Flom LLP in Moscow, where he focused on advisory and transactional work in metals & mining and oil & gas sectors.  He has lived and worked in Africa and Russia, including a year as a Fulbright scholar, and has spent considerable time in Central Asia.

Mr Milewski holds a B.A. in Russian history from Brigham Young University, an M.A. in Russian and Central Asian Studies from the University of Washington, and a J.D. from the University of Washington.  He holds an LLM from the Russian Academy of Sciences.

Robert Parson

Robert Parson

Partner, Global Trade Finance Group
Clyde & Co

Robert Parson focuses on commodity and trade finance law, structuring deals and complex cross-border financing arrangements for many of the world’s major banks, traders, exporters and other participants in the global trade market. He is frequently called upon to advise in the default and restructuring of complex, cross-border trade financings and payment instruments, and has been called upon to advise in relation to complex credit issues in some of the landmark letter-of-credit cases in the English courts over the past decade.

Mr Parson has acted in some of the most significant and innovative trade and commodity finance transactions in recent years. Based in the firm’s London office, he works closely with our finance specialists across our office network to assist clients with their global trade finance solutions.

Richard Payne

Richard Payne

Managing Director
Accenture

Richard Payne leads Accenture’s Commodities Trading Practice based in Geneva, re-joining the firm in 2016 after eleven years in the industry. The team comprises over 1000 people globally serving commodities trading clients across hard and soft commodities.

His current focus is helping clients understand and take advantage of the disruptive potential of digital technology and especially blockchain, AI and advanced analytics.

Prior to Accenture, Mr Payne was a senior executive at Cargill responsible for physical and derivatives marketing and origination and a Managing Director at Rio Tinto responsible for group marketing strategy. He started his career as an officer in the Royal Navy’s submarine service and has bachelor and master’s degrees from Oxford University.

William C Reed II

William C Reed II

Chief Executive Officer
Castleton Commodities International

William C Reed II is the President and CEO of Castleton Commodities International LLC (CCI). CCI is a global commodity merchant with an integrated set of operations consisting of the marketing and merchandising of commodities and the ownership, operations and development of commodities-related upstream and infrastructure assets. The Company markets a broad range of physical commodities including electric power, natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, base metals, and petrochemicals.

Mr Reed joined Louis Dreyfus Highbridge Energy in September 2007 and was appointed CEO in October 2008. In 2012, he executed the buyout of LDHE, forming CCI. Previously, Mr Reed was founding partner and head of trading at Saracen Energy Advisors, where he was one of four partners responsible for establishing the fund that grew from $30mn to $1.4bn at the time of his departure. Mr Reed served in the United States Army Special Operations and earned an M.B.A. with a concentration in finance and accounting from the Wharton School at the University of Pennsylvania and a B.S., summa cum laude, in mathematics and economics from the University of Pittsburgh.

Lourdes  Rodríguez

Lourdes Rodríguez

Head of Trading
Repsol

Lourdes Rodríguez' first few years of professional life took place in Oleaginosas Españolas S.A., an agricultural business company, where she worked in the Derivatives desk. In 1986, she worked with the Prudential Bache Company in Chicago.

In 1988 she was hired by Repsol Petroleo in the Crude Oil and Commodities area as a Crude Oil Trader. Afterwards, she was assigned Subdirector of Risk Management and in 1997 she moved into the Products Division.

In 2000, Repsol started its own Trading Division in the Group. Ms Rodríguez managed

different divisions within Trading: Lights Products Director, LPG & Petrochemical Director for RYTTSA (Repsol Trading and transport), Light products LPG & Chemical Director.

In 2008 Ms Rodríguez Gutierrez  was appointed Programming and Risk Management Director at the Refinery Division and in 2010 was promoted to manage Repsol´s Programming and Logistic

Division. In 2014 she was appointed Executive Director of Industrial and Trading Division and later on, in May 2016, she became Executive Director of Trading and Gas & Power Division.

Ms Rodríguez has a Bachelors in Economic Science at the Autonomous University of Madrid and a Major in Government Economics. She has a Post Graduate in PDD from IESE (Madrid).

Christophe Salmon

Christophe Salmon

Chief Financial Officer
Trafigura Group Pte Ltd

Christophe Salmon joined Trafigura in 2012 as Chief Financial Officer EMEA and became Chief Financial Officer for the company in October 2015.

With a turnover of $136.4bn in 2017, Trafigura is one of the world’s leading physical commodities trading and logistics groups. The company manages every process involved in the sourcing and trading of crude oil, petroleum products, metals and minerals.

Mr Salmon is a graduate from Sciences Po in Paris and holds a Masters in Finance. After an active national service with the French Navy, Mr Salmon started his career with credit insurance group Euler Hermes in France.

In 1995 he joined BNP Paribas in the internal audit department, moving to the energy and commodities finance division in 2001. Here he rose through the ranks to be appointed head of the commodity finance department for EMEA, then the leading team in the market.

Vladislav Soloviev

Vladislav Soloviev

Chief Executive Officer
RUSAL

Vladislav Soloviev was appointed as RUSAL’s CEO in November 2014. He is responsible for Company’s long-term development, driving output growth of value-added products and further penetration into new strategic markets.

Since April 2010 Mr Soloviev was First deputy CEO and was responsible for the company’s operational management with a focus on increasing RUSAL’s business efficiency and improving production and financial performance.

Between 2008 and 2010, Mr Soloviev was CEO of En+. Between February 2001 and January 2008 he was Head of RUSAL’s Finance Directorate. Between 2000 and 2001 he was Director of RUSAL’s Accounting Department. From 1998 to 2000 Mr Soloviev held the position of Deputy Director of the Department of Tax Policy and worked as an adviser to the Minister for Taxes of the Russian Federation. From 1994 to 1998 Mr Soloviev held various executive positions in UNICON/MC Consulting with responsibility for auditing oil and gas companies.
From January 2008 till January 2015 Mr Soloviev served on Board of En+. Since 2013 Mr Soloviev serves on the Board of OJSC MMC Norilsk Nickel. For three years he was Chairman of the Board of RussNeft.

Mr Soloviev graduated Summa Cum Laude from the State Academy of Management and later received a degree from «Stankin» Moscow Technical University. He also graduated from the Finance Academy under the Government of the Russian Federation and earned an MBA degree from the Antwerp University in Belgium.

Christopher Stewart

Christopher Stewart

Global Head, Corporate Responsibility and Sustainability
Olam

Dr Christopher Stewart heads the Corporate Responsibility & Sustainability function for global agri-business Olam International. Dr Stewart has more than 20 years of experience in various aspects of tropical ecology, natural resource management and environmental innovation, including 17 years in the private sector. He has a strong experience in policy and standards development, environmental and social assessments, sustainable management practices, capacity building and compliance in land use, natural resources and waste management industries, including factories and mills.

Dr Stewart was involved in the development of Olam’s Palm Policy and in the design and management of Olam’s palm and rubber plantations in Gabon from inception. He holds a PhD in Tropical Forest Ecology at the University of Cambridge.

Ian Taylor

Ian Taylor

President and Chief Executive Officer
Vitol Group

Ian Taylor has over 30 years’ experience in the energy sector. He began his career with Shell in 1978 and worked in both South America and South East Asia before joining Vitol in 1985. At Vitol he established the crude oil group and was MD of Vitol Asia, prior to being appointed CEO in 1995. Under his leadership, Vitol has grown to become the leading physical trader of energy, with a turnover of $270 billion and offices in circa 40 countries worldwide. As well expanding its trading portfolio and upstream expertise, Vitol has invested in a range of complementary, largely downstream businesses, including refineries, energy infrastructure, such as terminal and storage, and 2,300 Shell branded service stations across Africa and Australia.

Mr Taylor has an MA in Politics, Philosophy and Economics from the University of Oxford and is actively involved in the arts and charities which support children and young people from less privileged backgrounds.

Torbjörn Törnqvist

Torbjörn Törnqvist

Chief Executive Officer
Gunvor Group

Torbjörn Törnqvist co-founded Gunvor Group Ltd in 2000. Drawing on his extensive knowledge of the international oil markets, he established Gunvor as one of the world’s leading oil trading companies, and is focused on integrating Gunvor’s diversified operations to grow its position as a leading commodities trading house.

Mr Törnqvist received a business degree from Stockholm University. Before co-founding Gunvor, he was managing director for the oil division of Intermaritime Group Petrotrade. Previously, he worked at British Petroleum from 1977 to 1983, and then became head of oil trading at Scandinavian Trading Co AB until 1989. Mr. Törnqvist has more than 30 years of experience in the oil and gas industry.

Gert-Jan  van den Akker

Gert-Jan van den Akker

President, Cargill Agricultural Supply Chain
Cargill

Gert-Jan ("GJ”) van den Akker is a member of Cargill’s Executive Team, the global executive group in charge of Cargill’s strategic direction and organisational priorities; he leads Cargill’s agricultural supply chain business sector and also serves as the president and chief executive officer of Cargill International S.A., the company’s Swiss legal entity.

Mr van den Akker has held various positions within Cargill. He started in 1987 as a Management Trainee for Cargill’s grain business in Amsterdam. He had a number of assignments in Cargill’s Agricultural Supply Chain (CASC) business, including roles with palm oil byproducts in Kuala Lumpur, domestic grain markets in Tokyo, and corn and soybeans in Geneva.

In 1994, he joined Cargill’s ocean transportation business, where he went on to serve as Managing Director of the worldwide ocean transportation business from 2007-2011. From 2011 to 2013, he took on a senior business leadership role, based in Singapore, for the Cargill Energy, Transportation & Metals (ETM) business. He was also a member of Cargill’s Risk Committee.

From 2013 to 2015, he joined Louis Dreyfus, a privately owned food and agriculture company, as Senior Head of Global Regions. He also was a member of Dreyfus’ Senior Leadership Team and of the Dreyfus Risk Committee. Mr van den Akker re-joined Cargill in December 2015.

Mr van den Akker holds a Master’s degree in Law from the University of Amsterdam, Netherlands.

Heske Verburg

Heske Verburg

Managing Director, Solidaridad Europe
Solidaridad Network

Heske Verburg is Managing Director of Solidaridad Europe. She studied Management in International Organizations in Groningen and took courses at the universities of Grenoble and
Berkeley. Ms Verburg began her career at ORMIT, an organisation specialising in talent and leadership, before spending 10 years working at UNICEF in various management positions, where her duties included shaping successful co-operative ventures with businesses. Before joining Solidaridad, Ms Verburg was Director at social enterprise Healthy Entrepreneurs, an organisation which uses entrepreneurship to provide basic health care in remote areas.

Guillaume Vermersch

Guillaume Vermersch

Group Chief Financial Officer
Mercuria group

Guillaume Vermersch is the Group Chief Financial Officer and a group board member of Mercuria Energy Group (Mercuria). Mr Vermersch is part of the founding team of Mercuria. Previously he spent five years as head of the Credit and Finance Risk department of Sempra Oil Trading for Europe and Asia. He was responsible for defining, implementing and monitoring the full scope of the Sempra Energy credit and financial strategies, from trading business requirements to banking, finance and risk management responsibilities to support the oil and energy division’s expansion.

Prior to that, Mr Vermersch spent 11 years in the energy, metals and mining commodities and structured finance departments of ING/BBL Bank and CIB in Geneva and Paris. Mr Vermersch started his career with Arthur Andersen in Paris. He holds an MBA from the Manchester Business School and also graduated from École Supérieure de Commerce de Paris Europe (ESCP Europe Business School).

Jeremy Weir

Jeremy Weir

Chief Executive Officer
Trafigura Group Pte Ltd

Jeremy Weir was appointed CEO of Trafigura in March 2014 after a career spanning nearly three decades in commodity and commodity derivative markets. An Australian national, he joined the Trafigura Group in 2001 as head of metals derivatives, structured products and risk management. Immediately prior to his current appointment he served as a Management Board Director, Head of Risk and CEO of Galena Asset Management and Trafigura Mining Group. Before Trafigura, Mr Weir spent nearly nine years with N M Rothschild between 1992 and 2000.

In Australia he set up the group’s non-ferrous metals derivatives business and developed structured products alongside its resource banking activities before relocating to London and joining the main board. There his responsibilities encompassed worldwide metal trading activities and structured finance business, and he was also a member of the group’s treasury and banking executive management team.

Mr Weir has also worked at Pasminco Metals and North Ltd. Born in Melbourne in 1964, he holds a Bachelor of Sciences degree in Geology from the University of Melbourne.

Ulrika Wising

Ulrika Wising

Head of Battery Storage & Energy Efficiency
Macquarie
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Chair (1)

Lionel Barber

Lionel Barber

Editor
Financial Times

Lionel Barber is the Editor of the Financial Times. Since his appointment in 2005, Mr Barber has helped solidify the FT’s position as one of the first publishers to successfully transform itself into a multichannel news organisation. During his tenure, the FT has won numerous global prizes for its journalism, including Newspaper of the Year, Overseas Press Club, Gerald Loeb and Society of Publishers in Asia awards.

Mr Barber has co-written several books and has lectured widely on foreign policy, transatlantic relations, and European security and monetary union in the US and Europe, and appears regularly on TV and radio around the world. As Editor, he has interviewed many of the world’s leaders in business and politics, including US President Donald Trump, President of the European Commission Jean-Claude Juncker, Chancellor Angela Merkel of Germany, and President of Iran, Hassan Rouhani.

Mr Barber has received several distinguished awards, including the St George Society medal of honour and the Legion d’Honneur for his contribution to journalism. In February 2018 he received The Media Society's Annual Award. He serves on the Board of Trustees at the Tate and the Carnegie Corporation of New York.

Co-Chair (1)

Neil Hume

Neil Hume

Commodities & Mining Editor
Financial Times

Neil Hume is the Commodities and Mining Editor of the Financial Times, a role he has held since September 2013. He covers the global trade of natural resources, such as iron ore, coal, copper and wheat as well as the political, social and economic aspects of the commodities industry and trading houses. Mr Hume joined the FT as senior stock markets correspondent in 2006. He also helped found FT Alphaville, the FT’s award-winning markets blog. He became editor of Alphaville in 2010 before being appointed the FT’s Australia correspondent in 2012. In addition to editing Alphaville, Mr Hume has written a weekly column for the FT and won best scoop article at the M&A International Media Awards in 2008 for his story on InBev’s takeover of Budweiser. Prior to joining the FT, he spent six years on The Guardian’s business desk. Mr Hume graduated from the University of Warwick with a degree in History and Politics.

FT CONTRIBUTORS (6)

Martin Wolf CBE

Martin Wolf CBE

Associate Editor and Chief Economics Commentator
Financial Times

Martin Wolf is Chief Economics Commentator and an Associate Editor at the Financial Times. He was awarded the CBE (Commander of the British Empire) in 2000 “for services to financial journalism”. He was a member of the UK government’s Independent Commission on Banking between June 2010 and September 2011. His book The Shifts and the Shocks: What We’ve Learned—and Have Still to Learn—from the Financial Crisis was published by Penguin in 2014.

 

Mr Wolf is an honorary fellow of Nuffield College, Oxford University, Corpus Christi College, Oxford University and King’s College, London. In 2014, he was made a University Global Fellow of Columbia University, New York and a Senior Fellow in Global Economic Policy at its School of International Public Affairs. He is a member of the International Media Council of the World Economic Forum.

 

Mr Wolf was joint winner of the Wincott Foundation senior prize for excellence in financial journalism for 1989 and again for 1997. He won the RTZ David Watt memorial prize for 1994 and the “Commentator of the Year” award at the Business Journalist of the Year Awards of 2008. He was placed 15th in Foreign Policy’s list of the “Top 100 Global Thinkers” in December 2009 and the “Ludwig Erhard Prize for economic commentary” for 2009. He won “Commentariat of the Year 2009” at the Comment Awards, the 33rd Ischia International Journalism Prize in 2012 and the Overseas Press Club of America’s prize for “best commentary on international news in any medium” for 2013.

 

Mr Wolf is also the author of Why Globalization Works (Yale University Press, 2004) and Fixing Global Finance (Washington D.C: Johns Hopkins University Press, and London: Yale University Press, 2008 and 2010). China Business News named Fixing Global Finance its “Financial Book of the Year” for 2009.

Mr Wolf was educated at Oxford University.

David  Sheppard

David Sheppard

Energy Markets Editor
Financial Times

David Sheppard is Energy Markets Editor at the Financial Times. He joined the FT as Deputy Commodities Editor in April 2016, following an 8 year career at Reuters covering oil markets and the Middle East from London, New York and Iraq.

A Gerald Loeb award winner, he helps coordinate the FT's coverage of oil and commodity markets, as well as focusing on trading houses and investment banks in the sector.

Emiko  Terazono

Emiko Terazono

Commodities Correspondent
Financial Times

Emiko Terazono is a member of the FT commodities team based in London. She has been writing about commodities for the FT since 2011, mainly focused on agriculture. She started in the FT in Tokyo as a business reporter and has covered media, the City diary as well as editing corporate news.

Gregory Meyer

Gregory Meyer

Markets Reporter
Financial Times

Gregory Meyer is a reporter in the Financial Times' New York bureau. He covers commodities markets, futures exchanges and derivatives regulation. His previous reporting experience includes work at the Chicago Tribune and Dow Jones Newswires. He is a graduate of Oberlin College and Columbia University.

Anjli Raval

Anjli Raval

Oil & Gas Correspondent
Financial Times

Anjli Raval is the FT's Oil and Gas Correspondent based in London. Prior to joining the commodities team, she spent three years as a reporter and editor in New York. She covered the US consumer sector which included reporting on real estate, retail and hospitality. 

She has also been a reporter in the FT's New Delhi bureau and a writer for the beyondbrics and Energy Source blogs. Since joining the FT in 2009 she has been a companies, markets and breaking news reporter and an editor on the comment and analysis desk.

Henry Sanderson

Henry Sanderson

Commodities Correspondent
Financial Times

Henry Sanderson is a Commodities Correspondent for the Financial Times in London covering metals. He previously worked in Beijing as Deputy Bureau Chief and correspondent for Bloomberg News, where he co-authored a book about China Development Bank, China's Superbank. He has a master's degree from Columbia University and an undergraduate degree from Leeds University. 

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Agenda - 19th Mar

  • 6:30pm
    Welcome Reception
  • 8:30pm
    Evening Nightcap

Agenda - 20th Mar

  • 8:30am
    Registration

    Welcome & Opening Remarks

    Lionel Barber, Editor, Financial Times

    Opening Keynote Address and Conversation

    Navigating Economic Turbulence

    with Martin Wolf, CBE  Associate Editor and Chief Economic Commentator, Financial Times

    Leaders’ Debate - Energy

    The leaders of some of the world’s biggest commodity traders will debate the outlook for the industry, reflect on their recent performance and discuss how they are adapting their business models to meet new challenges and opportunities.

    with Lionel Barber, Editor, Financial Times

    Leaders’ Debate - Mining: Avoiding the mistakes of the past

    The mining industry has been through one of the worst commodity downturns in history but has emerged on the other side. Aided by higher prices, aggressive cost cutting and assets sales the sector has rarely been in better shape financially but many investors remain wary. Is the clampdown on spending and new projects sowing the seeds for the next boom-bust cycle or can the industry repeat the mistakes of the past through more judicious allocation of capital? Leading mining executives will discuss these themes and others.

    with Neil Hume, Commodities and Mining Editor, Financial Times

    Lunch

    A View from the Top

    with Lionel Barber, Editor, Financial Times

    Special Focus: Commodities, Batteries and supply chain ethics

    Batteries will play a critical role moving the world away from fossil fuels: both in powering electric cars, and in storing energy from the wind and the sun. Growing demand for electric cars has already sent ripples through commodity markets, boosting prices for battery metals lithium and cobalt, and leading mining companies to increase their output. Utilities throughout the world are also starting to install large batteries for back-up power. The price rises are good news for mining companies. But car makers are concerned about securing access to large volumes of the metals they need at stable prices. They also have to assure environmentally-conscious consumers that their electric cars use metals that are mined responsibly.

    with Henry Sanderson, Commodities Correspondent, Financial Times

    Leaders’ Debate - Agriculture

    The brighter mood across natural resources has yet to extend to agricultural commodities where tough market conditions persist. Bumper harvests, larger yields and increasingly technologically sophisticated farmers, have all made it difficult to turn a profit from pure trading - forcing traders to cut costs and rethink the way they do business. But there are reasons to think the worst might be over. Improved industry discipline as well as stronger freight rates should results in improved profitability this year. A panel of leading executives will debate the state of the industry in 2018.

    with Neil Hume, Commodities and Mining Editor, Financial Times

    LNG - The Start of a New Cycle

    LNG was one of the surprise packages of the past year with strong demand pushing prices higher and confounding analysts who expected a subdued market due to extra supplies of the super chilled fuel coming on stream. China played a key role as Beijing pushed policies promoting gas over coal, but so did demand from India and other emerging markets such as Pakistan, Bangladesh and Vietnam. That trend is expected to continue, with Asia forecast to account for 80 percent of global demand growth from now until 2030, when there could be a 130m tonne supply gap if new projects are not sanctioned. To help make sense of these trends and developments, a group of industry experts will debate the outlook for the rapidly evolving LNG market.

    With Anjli Raval, Oil & Gas Correspondent, Financial Times

    The Geopolitics of Commodities

     

     

  • 5:30pm
    Close of Summit
  • 6:30pm
    Summit Reception & Dinner

Agenda - 21st Mar

  • 9:00am
    Opening Keynote Address and Conversation

    with Neil Hume, Commodities and Mining Editor, Financial Times

    The CFO Roundtable

    Finance chiefs from some of the world’s leading commodity trading houses share their thoughts on the industry and the financing environment in 2018.

    with Neil Hume, Commodities and Mining Editor, Financial Times

    Metals: Bull Market or Stable Recovery?

    Metals have staged a strong recovery over the past two years, with prices for some metals such as zinc reaching their highest levels since the financial crisis. As global growth rebounds, analysts and investors are optimistic that metals are set to continue to benefit. Demand for infrastructure is growing in countries such as India and supply is also set to disappoint due to a sharp reduction in spending by the world’s largest mining companies. But there are questions looming on the horizon: can China’s metal-intensive demand hold up? Which metals will benefit most from new growth sectors such as renewable energy and electric vehicles?  

    with Henry Sanderson, Commodities Correspondent, Financial Times

    Investing in Commodities

    The ranks of commodity-specialist hedge funds have thinned out in recent years, but money managers continue to exert considerable influence on commodities markets. Multi-strategy funds have built up commodities portfolios, while automated trading programmes account for a larger share of futures markets. Some funds have begun to handle physical commodities. The broader availability of supply and demand information has meanwhile challenged funds seeking a market edge. These and other topics will be reviewed by a panel of fund managers in commodities.

    with Gregory Meyer, Markets Reporter, Financial Times

    Panel: Paying for Sustainability

    Agriculture has embraced sustainable production, with traders and food manufacturers supporting farmers and their wider communities who grow crops in an ethical and environmentally friendly way. But as competition increases in consumer markets, passing on the cost of these initiatives has become harder than ever. As margins along the whole supply chain are squeezed, who bears the cost of sustainability? A panel of industry experts will discuss this important topic.

    with Emiko Terazono, Commodities Correspondent, Financial Times

    Panel: Digital Disruption

    Commodity trading has yet to be “Uber-ed’ but that does not mean it is immune to digital upheaval. Start-ups, technology firms and industry joint ventures are slowly but surely reshaping the industry, using technology to democratise market intelligence and make trading more efficient. To retain their competitive edge established players must make sure they are fully exploiting the proprietary data in their portfolios and supply chains. This is not an easy task. It requires a different set of skills and recognition that digital transformations often lead to unsettling power shifts within companies.

    with Neil Hume, Commodities and Mining Editor, Financial Times

    The Oil Traders’ View

    The oil industry is undergoing a recovery following the worst slump in a generation, with crude prices rallying to trade back above $60 at the start of 2018.  But huge uncertainties remain, not least for the traders who were some of the few beneficiaries of the volatility created by oil's crash from above $100 a barrel three and a half years ago. Opec's alliance with Russia, rising US crude exports and new wide sweeping regulations for shipping fuel are just some of the challenges and opportunities the trading industries top participants need to tackle. How to make profitable trades in the new, higher-priced environment will be uppermost in everyone's minds.

    with David Sheppard, Energy Markets Editor, Financial Times

     Lunch

     

  • 1:00pm
    Close of Summit

Who Attends?

FT Live has a reputation for delivering very senior board level audiences to attend a wide range of world class thought-leadership events across the globe and our annual Commodities Summit is no exception.

The FT Commodities Global Summit is attended by:

  • C-Suite, VP and Directors
  • Fund Managers
  • Head of Fixed Income, Currencies and Commodities (FICC)
  • Market Risk Analysts
  • Commodity Traders
  • Heads of Commodity Procurement
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Fees

Ticket Type

Fee

 

Standard Summit Ticket

€3,495 (Euros)

If you are from a professional services company wishing to attend please contact aneliese.hirst@ft.com as places are limited and not guaranteed.

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Venue

Beau Rivage Palace
Place du Port 17-19
Lausanne CH 1000

Switzerland

Tel: +41 (0)21 613 33 33
Email: info@brp.ch

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Accommodation

ROOM RESERVATIONS

A limited amount of bedrooms has been allocated by the Financial Times for the Summit attendees at the Beau-Rivage Palace and the adjoining Angleterre & Residence hotel for the duration of the summit.

Available dates:

19 March – 21 March 2018

Check in time is 15:00.

Check out time is noon.

Accommodation rates:

BEAU- RIVAGE PALACE:

*CHF 430.00 single occupancy / CHF 480.00 double occupancy

ANGLETERRE & RESIDENCE:

*CHF 345.00 single occupancy / CHF 375.00 double occupancy

In order to view live availability for nearby accommodation and book rooms guaranteed at the lowest available rates please click here.

To reserve your special rate Hotel room, please follow the link attached to your confirmation email.

Please note that all reservation requests are subject to availability and have to be placed by February 19, 2018. We strongly urge you to make bookings as soon as possible to avoid disappointment.

*Cancellation terms apply as outlined by the respective hotels.

ARRIVE BY CAR

With a navigation system, please enter :

Chemin du Beau-Rivage 21

1000 Lausanne 6

By motorway from Geneva: exit Lausanne sud.

You will at that moment be on the avenue de Rhodanie that you must follow for aproximately 2 km and then turn left on Avenue d'Ouchy (you will see a Château on your right).

Take the first road on the right (chemin du Beau-Rivage) and the Beau-Rivage Palace is approximately 80 metres further on.

By motorway from Vevey: exit Belmont/Lutry. Go down to the lake.  Take the direction Lausanne on the right. Direction Ouchy.

Take the first road on the right (chemin du Beau-Rivage) and the Beau-Rivage Palace is approximately 80 metres further on.

ARRIVE BY TRAIN

Hub of Europe's railway system; Paris and Lyon by high-speed TGV, Milan by Pendolino.

Less than 10 minutes by taxi or Underground M2 direction Ouchy in 5 minutes.

ARRIVE BY PLANE

A 35 minutes drive from Geneva's International Airport and 2 hours drive from Zurich's International Airport.

FOR MORE INFORMATION AND MAPS SEE THE HOTEL'S CONCIERGE PAGE

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Founding Sponsor (1)

Mercuria is one of the world’s largest independent energy and commodities groups. The group is present all along the commodities value chain with activities forming a balanced combination of commodities flows and strategic assets.

In 2014, Mercuria completed the acquisition of the J.P. Morgan Chase and Co. Physical Commodities Unit. In 2016, Mercuria welcomed the strategic investment by China National Chemical Corporation (ChemChina), in addition to the investment by China Materials Storage and Transportation Development (CMST) into the Henry Bath warehousing business. In 2017, Mercuria Group completed the acquisition of the gas and power trading unit of Noble Americas Corp.
 
More than 1,000 people are operating from offices worldwide to sustain Mercuria’s extensive business reach in more than 50 countries with their market knowledge, diversity, and experience. Mercuria's expertise covers all segments of the energy market, including associated environmental products, and extends to iron ore, dry-bulk freight, base metals, concentrates, and petrochemicals.
 
The group maintains sound infrastructure capabilities, including oil petroleum products storage terminals and production assets. These investments underpin Mercuria’s growing presence as a leading player in the global market.
 
Recognizing the ever-growing correlation between energy products, commodities, and financial services, Mercuria is providing commodity financing solutions ranging from prepayments to structured joint ventures with its business partners.

Gold Sponsors (4)

Vortexa is the leading artificial intelligence company focused on global energy markets. Using state-of-the-art algorithms and deep energy domain expertise, Vortexa processes data on a massive scale from multiple satellite constellations, markets, governments and other key information sources to infer global energy flows at an unprecedented level of accuracy and speed. In close partnership with the world's largest physical traders, Vortexa is redefining the energy markets.

Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure—refineries, pipelines, storage, terminals, mining and upstream—Gunvor further generates sustainable value across the global supply chain for its customers.

GFG Alliance is an international group of businesses, founded and owned by the British Gupta Family. It combines some of the world’s leading industrial, natural and financial resources, working together towards the delivery of a common vision. The Alliance’s integrated business model encompasses mining, energy generation, metals and engineering, underpinned by industry-friendly financial services, a substantial property portfolio and a skills and education-focused charitable foundation. The Alliance’s mission is to re-establish metals manufacturing and engineering in developed economies through using local resources, sustainable energy, new technology and enhanced skills.  It has international hubs in London, Dubai, Hong Kong, Singapore and Sydney, and employs in excess of 12,000 people across more than 200 global locations.

Louis Dreyfus Company is a leading merchant and processor of agricultural goods. We leverage our global reach and extensive asset network to serve our customers around the world, delivering the right products to the right location, at the right time – safely, responsibly and reliably. Our activities span the entire value chain from farm to fork, across a broad range of business lines (platforms). Since 1851 our portfolio has grown to include Oilseeds, Grains, Rice, Freight, Finance, Coffee, Cotton, Sugar, Juice, Dairy, Fertilizers & Inputs and Metals. We help feed and clothe some 500 million people every year by originating, processing and transporting approximately 81 million tons of products. Structured as a matrix organization of 6 geographical regions and 12 platforms, Louis Dreyfus Company is active in over 100 countries and employs more than 21 000 people globally at peak season. For more information, visit www.ldc.com and follow us on Twitter and LinkedIn.

Silver Sponsors (6)

Castleton Commodities International LLC is a global commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets. The Company markets a broad range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power, coal, metals and financial instruments related to commodities. CCI is headquartered in Stamford, Connecticut with offices in Houston, Texas; Calgary, Canada; Geneva, Switzerland; London, United Kingdom; Shanghai, China; and Singapore.

Clyde & Co is a global law firm with a pre-eminent reputation in all aspects of international trade and commodities. With 1,800 lawyers operating from 47 offices and across 6 continents, our international reach means we can provide specialist knowledge in multiple jurisdictions and we have a leading reputation for our work in new and challenging markets. With a full service offering in the main regional trading hubs, we are able to serve our clients’ needs in all time-zones, at any time of the day.

We are internationally recognised as market leaders in the commodities sector and ranked as the top commodities law firm in legal directories. Our end to end experience of the commodities supply chain gives our advice a particular depth of understanding and this is underpinned by legal expertise across both our contentious and non-contentious practices. Our commitment to the commodities sector and our deep understanding of our clients’ businesses across their value chain means we can provide unique perspectives grounded in real experience.

We Deliver More for the Global Commodities Markets. The commodity markets are constantly changing, and CME Group offers the service and solutions you need to effectively manage your risk and opportunities with confidence. Home to the most extensive agriculture, energy and metals marketplace, customers around the world can find it all here: Trusted global benchmarks for pricing, regional contracts for critical niche needs, deep, robust liquidity available around the clock, and unparalleled capital efficiency. 

Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams.

Societe Generale has been playing a vital role in the economy for 150 years. With more than 145,000 employees, based in 66 countries, we accompany 31 million clients throughout the world on a daily basis. Societe Generale’s teams offer advice and services to individual, corporate and institutional customers in three core businesses:

  • Retail banking in France with the Societe Generale branch network, Credit du Nord and Boursorama, offering a comprehensive range of omnichannel financial services on the leading edge of digital innovation;
  • International retail banking, insurance and financial services to corporates with a presence  in developing economies and leading specialised businesses;
  • Corporate and investment banking, private banking, asset management and securities services, with recognised expertise, top international rankings and integrated solutions.

Societe Generale is included in the main socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (Europe, Eurozone and France), ESI Excellence (Europe) from Ethibel and 4 of the STOXX ESG Leaders indices.

At Spencer Stuart, we know how much leadership matters. We are trusted by organizations around the world to help them make the senior-level leadership decisions that have a lasting impact on their enterprises. Through our executive search, board and leadership advisory services, we help build and enhance high-performing teams for select clients ranging from major multinationals to emerging companies to nonprofit institutions.

Privately held since 1956, we focus on delivering knowledge, insight and results though the collaborative efforts of a team of experts — now spanning 56 offices, 30 countries and more than 50 practice specialities. Boards and leaders consistently turn to Spencer Stuart to help address their evolving leadership needs in areas such as senior-level executive search, board recruitment, board effectiveness, succession planning, in-depth senior management assessment and many other facets of organizational effectiveness.

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world. The trading business is supported by industrial and financial assets, including 49.6 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; 50 percent owned DT Group which specialises in logistics and trading; and Galena Asset Management. The Company is owned by around 600 of its 3,935 employees who work in 62 offices in 35 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD136.4 billion in 2017. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.  www.advancingtrade.com

Welcome Reception Sponsor (1)

Rabobank is an international financial services provider operating on the basis of cooperative principles. Focus is on broad financial services provision in the Netherlands and primarily on the food and agribusiness internationally. Rabobank has approximately 61,000 employees, who serve 10 million customers in 44 countries. 

The Trade & Commodity Finance (TCF) business unit brings together Rabobank’s long term expertise in agricultural commodities, export finance as well as energy and metals commodity finance. Rabobank offers in depth product knowledge, embedded in a global branch network and professional support for all international trade transactions. A range of specialized products can be tailor made to suit individual needs.

Our Trade & Commodity Finance unit fuses our expertise in agri, energy and metals commodities with in-depth product knowledge. This knowledge forms the basis of our professional support for all your international trade transactions. A range of specialized products can be tailor-made to suit your requirements. We develop client relationships into trusted, long-term partnerships and serve our clients with value-added strategic advice and solutions. We cover our global client base with a branch network spanning 12 countries in order to deliver the best advice and solutions to our clients, wherever you are located.

Summit Lunch Sponsor (1)

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 435,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

EVENT NIGHTCAP SPONSOR (1)

Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over seven million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes.

Vitol’s clients include national oil companies, multinationals, leading industrial and chemical companies and the world’s largest airlines. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including: circa 18mm3 of storage across six continents, 480kbpd of refining capacity and 5,000 service stations across Africa, Australia, Eurasia and in Northwest Europe. Revenues in 2016 were $152 billion.

Pre Dinner Drinks (1)

NEX Group plc offers customers better ways to execute trades and manage risk. Our products and services underpin the entire trade lifecycle pre-, during and post-execution. Our electronic trading platforms are industry standards. Customers use our lifecycle management and information services to optimise portfolios, control risk and reduce costs. We partner with emerging technology companies to bring greater efficiency, transparency and scale to the world’s capital markets. Headquartered in London, NEX employs 1,600 people in offices worldwide.

Dinner Sponsor (1)

ABN AMRO Bank offers a comprehensive package of financial products and services to corporate and institutional clients globally. We serve our clients based on sector and product expertise. In the Netherlands, the Corporate & Institutional Banking (CIB) department serves clients in all sectors with a turnover above EUR250m. In North Western Europe (UK, GE, BE, and FR) we focus on clients with a turnover of EUR100m in eight selected sectors based on our expertise in the Netherlands. Globally we want to grow in the in sectors which we have proven expertise and existing strong positions: Natural Resources, Transportation & Logistics, Trade & Commodity Finance and Financial Institutions.

Our international network (13 countries) is driven by the client sectors we focus on. Our sector bankers are supported by product expertise. They operate in dynamic client service teams of which the composition is dependent on the need of the client.

Sustainable banking is at the heart of our business. We aim to contribute to a better world by thoroughly selecting our business partners and we encourage our clients to do more business in a sustainable manner.

Within CIB, the Trade & Commodities Finance department finances international flows of commodities from origination to destination. We offer financial solutions to international companies involved in the origination, primary processing, logistics, trading and distribution of commodities. We offer standard and structured banking services to global clients in the commodity sectors. This includes asset-backed and working capital facilities, structured commodity and pre-export finance, letters of credit, collections, guarantees and counterparty risk financing, cash management and electronic banking. Next to that we advise on Global Markets products (forex and interest), syndicated facilities (incl Bookrunner), M&A and capital markets products.

Refreshment Break Sponsor (1)

At PwC, our purpose is to build trust in society and solve important problems. It is this focus which informs the services we provide and the decisions we make. With offices in 158 countries and more than 236,000 people, we are among the leading professional services networks in the world.

To achieve our aim to be recognised as the ‘the leading professional services firm’ we must be innovative, responsible and attract outstanding people. We have to reimagine the possible to stay ahead, but to survive and thrive in the digital revolution, we must balance business understanding with technology innovation and human insight. We do that through Intelligent Digital. We have invested heavily in building our technology capability focusing on core areas that we believe will bring most value to our clients, including cyber security, data and analytics, emerging technologies and technology consulting.Using our responsible technology approach we look to maximise the positive impacts of technological advances on business, society and people, while minimising any negative ones. 

Breakfast seminar sponsor (1)

The Pictet Group is a partnership of six owner-managers. With more than CHF 509 billion in assets under management or custody as per 31 December 2017, Pictet is today one of the leading European independent wealth and asset managers.  Our principles of succession and transmission of ownership have remained unchanged since foundation in 1805. The Group offers only wealth management, asset management and related asset services; we do not engage in investment banking, nor do we extend commercial loans. Headquartered in Geneva, Switzerland, Pictet today employs more than 4,200 people across 27 offices worldwide.

Supporting Partners (2)

Established in 2010, Lugano Commodity Trading Association (LCTA) is a non-profit organization based in Lugano. With this association, the commodity trading companies intend to reinforce Canton Ticino’s favorable business conditions and to pursue common goals, such as fostering personnel training, broadening domain knowledge, exchanging opinions and views. Furthermore, LCTA aims at developing a platform composed of commodity trading firms, shipping companies, banks active in commodity financing as well as all consultants and certification companies active in this business branch. In this specific context of commodity markets, Lugano also achieved an essential role – especially as regards steel, base metals, coal, oil products, gas and in part, also soft commodities. Approximately 90 companies make up commodity trading in Lugano, with important tax revenues flowing to the Canton Ticino and an increasing contribution to cantonal GDP.

STSA (Swiss Trading and Shipping Association) is the leading professional association for the trading and shipping of commodities in Switzerland. It was founded in 2006 under the name of GTSA (Geneva Trading & Shipping Association). It has become STSA a Swiss professional association on October 2014 regrouping the regional associations as an umbrella organization. The association currently represents the 150 member companies of the three regional associations, from leading ones to smaller "niche" specialists.

Drawing its force from its member base, the Association shall represent the interests of the commodity trading industry, freighting of goods & financing, and services related to it, in Switzerland.

The Association works in the interest of its members in cooperation with the authorities and puts its competences at the disposal of communal, cantonal and federal institutions.

The Association contributes to the promotion of Switzerland as a center of worldwide know-how in the domain of international trade, and shipping and their financing.

Therefore, STSA offers its members a unique platform, on which commodity trading companies can cooperate with their partners along the logistic chain.

Contact Us

Oliver Stannard
Press Enquiries
Financial Times
Peter Bamford
Commercial Manager - Energy, Climate & Commodities
Financial Times
Diana Whittington
Speaking Opportunities
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Toby Barran
Delegate Booking and Registration Enquiries
Financial Times