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FT Commodities Global Summit

The Dawn of a New Decade

Lausanne |  - 
Speakers include:
Russell Hardy

Russell Hardy

Vitol

Rasmus Bach Nielsen

Rasmus Bach Nielsen

Trafigura Group Pte Ltd

Christophe Salmon

Christophe Salmon

Trafigura Group Pte Ltd

Overview

At the start of a new decade, the commodity trading industry is being forced to take stock and think hard about how it will respond to global challenges such as climate change, sustainability and human rights. Ignoring these powerful forces is not an option and to thrive companies will have to adapt. This will mean developing new business models and relationships with key stakeholders from financing banks to the end consumer. At the same time, the industry will also have to navigate a fast-moving geopolitical backdrop and rapid technological advances, which are changing the rules of global trade and bringing greater transparency to the markets. This will place a greater emphasis on the ability to manage risk and stay ahead of the curve.

Now in its ninth year, the FT Commodities Global Summit has established itself as the pre-eminent gathering of senior commodity executives, traders and financiers. The 2020 Summit will feature the biggest names speaking on the trends that matter most in commodities.

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fallback Add to my Calendar 03/23/2020 00:00:0003/25/2020 00:00:00trueFT Commodities Global SummitAt the start of a new decade, the commodity trading industry is being forced to take stock and think hard about how it will respond to global challenges such as climate change, sustainability and human rights. Ignoring these powerful forces is not an option and to thrive companies will have to adapt. This will mean developing new business models and relationships with key stakeholders from financing banks to the end consumer. At the same time, the industry will also have to navigate a fast-moving geopolitical backdrop and rapid technological advances, which are changing the rules of global trade and bringing greater transparency to the markets. This will place a greater emphasis on the ability to manage risk and stay ahead of the curve.Now in its ninth year, the FT Commodities Global Summit has established itself as the pre-eminent gathering of senior commodity executives, traders and financiers. The 2020 Summit will feature the biggest names speaking on the trends that matter most in commodities.FT-Commodities-Global-Summitdc8d7dafdb7e2345f87dd915b6fe55e8MM/DD/YYYY

FT Commodities Global Summit - Summary Video 2019

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Photos from FT Commodities Global Summit 2019

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Testimonials From FT Commodities Global Summit

"Excellent gathering with top panel discussions covering a wide range of commodity sector topics"  Martin Vetter-Diez, Managing Director, HSBC Germany

"High level speakers, useful insights, good mixture of topics" Roland Sattinger, Portfolio manager, Analyst, E-Steiermark

"The most impressive line-up of speakers in the Industry in the most beautiful location and set-up" Alexandre Dietz, Head of Commodity Structured Finance, HSBC

"A wonderful opportunity to hear from market leaders on issues which influence the future of the commodities industry" David Taylor, Head of Structured Trade & Commodity Finance, Erste Group Bank AG

"This year was the first time I have attended the FT Commodities Summit in Lausanne. It was very well run from start to finish, the speakers and the sessions were excellent, and the networking events were also very good. It is one of the best Conferences I have attended. I will be returning next year" Paul Dex, Head of Commodities, Fidessa

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Download The Full Agenda Here

FT Commodities Global Summit 2020 - Download The Full Agenda

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Speakers (7)

Russell Hardy

Russell Hardy

Group CEO
Vitol

Russell Hardy is Group CEO Vitol, a leading physical trading company for energy with a turnover of $181 billion in 2017. Russell has 30 years’ experience in the oil industry.  He joined Vitol in 1993 from BP and has held a number of trading and management roles in Singapore and London.  He has been a member of the Executive Committee since 2007 and most recently was CEO EMEA with oversight of the company’s regional trading activity. 

Russell holds a MEng in Chemical Engineering from Imperial College, London.

Rasmus Bach Nielsen

Rasmus Bach Nielsen

Global Head of Wet Freight
Trafigura Group Pte Ltd

Rasmus Bach Nielsen joined Trafigura in August 2014 as Global Head of Wet Freight which includes gas, crude and products. Trafigura Maritime Logistics is the Group entity that arranges shipping and freight services to Trafigura’s various commodity trading teams as well as to third party clients. Overseen by Rasmus, this business operates both as a service provider securing competitive and reliable freight for in-house oil, gas and traders, and as a profit centre in its own right through trading a portfolio of leased and owned ships. During his five years with Trafigura, Rasmus has transformed the freight book into one of the global leading players in the wet freight market also seen through more than USD3 bn of transactions during 2017-2019.

Prior to joining Trafigura Rasmus spent 15 years with various shipowners based in Singapore, Monaco and Copenhagen. He initially trained in A.P Moeller Group and Maersk Tankers trading handy size and tankers. Rasmus then moved to Scorpio Tankers to trade Panamax tankers primarily in the European and American markets. This was followed by a move to Singapore in 2007 where he opened and headed the office for another Italian shipowner. In 2012 he joined Navig8 Group where he was part of the team concluding more than 70 new build tankers at various shipyards in China, Korea and Japan while also assisting the Navig8 Group’s equity raising efforts in Asia.

A Danish citizen, Rasmus is married with two children and lives in Geneva, Switzerland.

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.

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.

Muriel Schwab

Muriel Schwab

Chief Financial Officer
Gunvor Group

Muriel has almost 20 years’ experience in the energy commodities and commodities finance sectors. She joined Gunvor in 2018 from Rabobank in New York, where she served as Regional Head of Trade and Commodity Finance (TCF) for the Americas and Member of TCF Management Team since 2015. Muriel previously worked for Gunvor as CFO Asia-Pacific, along with being Board Director and Chairman of the Management Committee of Gunvor Singapore (2009-2014). She joined Gunvor in 2007 as Finance Manager and later became Head of Structured and Trade Finance Asia-Pacific before being promoted to CFO Asia-Pacific. She has also previously held positions with Taurus Petroleum, Credit Suisse and ING in Geneva. Muriel holds a Master of Advanced Management from Yale School of Management, a Master of Business Administration from INSEAD, and a Bachelor of Arts in International Relations from the Graduate Institute of International and Development Studies, Geneva. She is qualified FINRA Series 24, Series 79 and Series 63.

Torbjörn Törnqvist

Torbjörn Törnqvist

Chairman and Chief Executive Officer
Gunvor Group

Mr Tornqvist has more then thirty years’ experience in the oil business and extensive knowledge of the international oil markets accumulated during that time. He co-founded Gunvor Group, where he is Chairman and Chief Executive Officer, and in 1995 has established it as one of the world’s leading crude oil trading companies. Prior to founding Gunvor, he was Managing Director for the oil division of Intermaritime Group Petrotrade for six years. He began his career in the oil industry at British Petroleum where he worked from 1977 to 1983, before becoming Head of Oil Trading at Scandinavian Trading Co AB, a role he undertook until 1989. Born in Stockholm and a Swedish citizen, Mr Tornqvist received an MBA from Stockholm University and is Honorific Consul of Sweden in Geneva. In his leisure time he is a very keen sailor and his team, Artemis Racing is the Challenger of Record for the 34th America’s Cup.

Jeremy Weir

Jeremy Weir

Executive Chairman and Chief Executive Officer
Trafigura Group Pte Ltd

Jeremy Weir became Executive Chairman and Chief Executive Officer of Trafigura in April 2018. This follows his appointment as CEO of the company in March 2014 after a career spanning nearly three decades in commodity and commodity derivative markets.

An Australian national, Mr Weir joined the Trafigura Group in 2001 as head of metals derivatives, structured products and risk management. Immediately prior to becoming CEO 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 between 1992 and 2000 with N M Rothschild. Mr Weir holds a BSc (Hons), Geology Major, from the University of Melbourne.

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.

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FT CONTRIBUTORS (7)

Roula Khalaf

Roula Khalaf

Editor-designate
Financial Times

Roula Khalaf has been appointed Editor of the Financial Times, effective January 2020. She is currently the FT's Deputy Editor. In this role she provides strategic direction for the FT’s editorial coverage and its large global network of foreign correspondents. An award-winning journalist, she also writes a weekly column on international affairs. Prior to this role, she served as the FT’s Foreign Editor and Assistant Editor, responsible for overseeing the FT’s editorial coverage of Europe, the Middle East and Africa and the management of the FT’s international network. Her promotion to Foreign Editor came after she served for more than a decade as the FT's Middle East Editor, overseeing the launch of the FT's Middle East edition and leading coverage of the financial crisis in the Gulf and later the Arab spring. Ms Khalaf joined the FT in 1995 as North Africa correspondent and before that she was a staff writer for Forbes magazine in New York, where she focused on corporate reporting accounting. She holds a Master's degree in International Affairs from Columbia University. Ms Khalaf's series on Qatar won the Foreign Press Association’s Feature story of the year in 2013 and she was named foreign commentator of the year at the Editorial Intelligence Comment Awards in 2016. She appears regularly on national and international TV and radio.  

Gideon Rachman

Gideon Rachman

Chief Foreign Affairs Commentator
Financial Times

Gideon Rachman became Chief Foreign Affairs Commentator for the Financial Times in 2006. He speaks authoritatively about economics, politics, and globalisation as they apply to Asia, Europe, the Middle East, the Americas and more, and writes a weekly column on international politics as well as feature articles. Mr Rachman joined the FT after a 15-year career at The Economist, which included spells as a foreign correspondent in Brussels, Washington and Bangkok. He also edited The Economist’s business and Asia sections. Mr Rachman’s book, Zero-Sum World, about the future of international relations was published in the UK in 2010. He was named as foreign affairs commentator of the year in the UK Comment Awards for 2010. He is a regular broadcaster for — amongst others — the BBC, CNN and NPR, and also a regular public speaker before both academic and business audiences. Mr Rachman is a graduate of Caius College, Cambridge and has been a visiting fellow at the Woodrow Wilson School at Princeton University.

Neil Hume

Neil Hume

Natural Resources Editor
Financial Times

Neil Hume is the Natural Resources Editor of the Financial Times. Prior to this he was Commodities and Mining Editor, a role he had 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, he 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.

David  Sheppard

David Sheppard

Energy Editor
Financial Times

David Sheppard is Energy 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.

Anjli Raval

Anjli Raval

Senior Energy Correspondent
Financial Times

Anjli Raval is the FT's Senior Energy 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

Metals and Mining Correspondent
Financial Times

Henry Sanderson is Metals and Mining Correspondent for the Financial Times in London. 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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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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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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Presented By (1)

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.

Founding Partner (5)

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.

More than 1,000 people operate from offices worldwide to sustain Mercuria’s extensive business reach in more than 50 countries, bringing market knowledge, diversity and experience to all operations. Mercuria's expertise covers all segments of the energy market, including associated environmental products, and extends to iron ore, dry-bulk freight, base metals and concentrates.

The group maintains sound infrastructure capabilities, including storage terminals and production assets for oil petroleum products. 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 provides commodity-financing solutions ranging from prepayments to structured joint ventures with its business partners.

Mercuria has refined its business to build upon its successful model. In 2014, Mercuria acquired the physical commodities trading unit of JPMorgan Chase & Co. The next year, China National Chemical Corporation (ChemChina), one of China’s largest companies, finalized a strategic investment into the group. In 2017, Mercuria acquired Noble Group’s U.S. gas and power business, and in 2019, it acquired the Aegean Marine Petroleum Network, reorganized as Minerva Bunkering. Mercuria continues its trajectory by bringing added value, transparency and efficiency to the commodities-trading world. 

Gold Sponsor (2)

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, and petrochemicals. CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay.

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.

Silver Sponsors (2)

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 through the collaborative efforts of a team of experts — now spanning 57 offices, 30 countries and more than 50 practice specialties. 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 49.3 percent owned global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management. The Company is owned by over 700 of its 8,000 employees who work in 80 offices in 41 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD 171.5 billion in 2019. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.

Drinks Reception 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.

Welcome Drinks 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.

Contacts

Diana Whittington
Special Projects Director (Speakers)
Financial Times
Peter Bamford
Commercial Manager - Energy, Climate & Commodities
Financial Times
William Johansson
Registration and General Enquiries
Financial Times
James Rankin
Delegate, Media and Press Enquiries
Financial Times