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FT Commodities Global Summit

The Dawn of a New Decade

Lausanne |  - 
Speakers include:
Christophe Salmon

Christophe Salmon

Trafigura Group Pte Ltd

Muriel Schwab

Muriel Schwab

Gunvor Group

Guillaume Vermersch

Guillaume Vermersch

Mercuria group

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 15:30:0003/25/2020 14:00:00trueFT 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

Testimonials from Commodities Global Summit 2019

“Excellent level of delegates as ever. Good debate. Well informed speakers. Smooth organisation” Director, Solaris

“Very well organised, high calibre participants, relevant senior speakers. Outstanding networking opportunities” MD, The Metals Risk Team

“I loved the people, the mood, the location and the dedication to go over very important topics.” Consultant, Spencer Stuart

"High level speakers, useful insights, good mixture of topics" Portfolio manager, AnalystE-Steiermark

"A wonderful opportunity to hear from market leaders on issues which influence the future of the commodities industry" 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" Head of Commodities, Fidessa

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Selection of FT Coverage of Commodities Events in 2019

Selection of FT Coverage of Commodities Events in 2019

Anglo American chief says palladium price surge creates ‘bubble’: Neil Hume & Henry Sanderson, 28 March 2019

Crude awakening: commodity traders look beyond oil: David Sheppard, Neil Hume & Anjli Raval, 29 March 2019

Big data key for commodity traders’ future: David Sheppard & Neil Hume, 25 March 2019

Vale holds dividends as it looks to repair damage from dam disaster: Neil Hume, 30 September 2019

Commodity Traders have nothing to fear from transparency: Fredrick Reinfeldt, 25 March 2019

Louis Dreyfus profits rise on oilseed volatility: Neil Hume, 25 March 2019

China's Cofco International aims to boost grain and soybean purchases: Emiko Terazono, 26 March 2019

Physical oil traders aren't buying hedge fund optimism: David Sheppard, 26 March 2019

Tory peer to receive bonus after negotiating for Deripaska: Neil Hume, 28 March 2019

US - China trade war casts chill over liquified natural gas market: Anjli Raval & Emiko Terazono, 29 March 2019

Louis Dreyfus boss ousted after Glencore overture: Neil Hume & Emiko Terazono, 1 April 2019

Head of Glencore's agriculture business to retire after 17 years: Neil Hume, 23 May 2019

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Agenda - 23rd Mar

  • 3:30pm
    Monday 23 March

    Commodity Trading 2.0
    Technology has eroded the classic edge of the commodity industry’s big players, making pricing more transparent and putting further pressure on margins. Faced with markets that arbitrage information instantaneously, trading companies are being forced to adapt. But how can they stay ahead of the game? Is big data, machine learning and artificial intelligence the answer. Can the scale of their operations provide an edge in the technology arms race?

    Welcome Reception

Agenda - 24th Mar

  • 8:00am
    Tuesday 24 March

    Opening Address

    Keynote Address and Conversation

    The CEO Debate - How to Thrive and Survive the Energy Transition
    Over the past thirty years the commodity trading industry has surfed the wave of globalisation and emerging market growth to build big business that have delivered substantial riches to their top executives. The next three thirty years promise to be very different as efforts to tackle climate change intensify and peak oil demand approaches. The so-called energy transition, or the attempt to decarbonise the global economy and move away from fossil fuels by 2050, is forcing companies to think hard about their place in the world. Some are trying to adapt their business models by investing more in gas and power
    businesses, while others are looking to renewables. But can these markets ever replace oil as the industry’s main money spinner? At the same time, commodity traders are facing increased scrutiny from governments and regulators for the manner in which they operate, presenting another challenge for top executives.

    Commodities and the New World Order
    A new world order is emerging as rising tensions between the US and China create a new geopolitical dividing lines with countries expected to make clear whether they stand with Washington or Beijing. But was does Sino-American struggle for global supremacy mean for global trade and commodity markets? If China’s Belt and Road Initiative succeeds it could tie the whole of the Eurasian landmass much more closely to Beijing, causing alarm in Washington, which now sees the Middle East through a different strategic lense because of its revolution.

    Can Shipping go Green?
    If the commodity trading industry is serious about addressing its carbon footprint then it will have to help tackle the greenhouse gas emissions of the world’s shipping fleet. The International Maritime Organisation has set a goal of 2030 to reduce carbon intensity of international shipping by 40 per cent but it is not clear how that target will be achieved. Can slow-streaming provide a stop-gap solution while the industry develops zero-emissions fuels and energy-efficient vessels? Or are there other fixes that can help decarbonise the industry without having a significant impact on rates and global trade flows. A group of leading executives will debate the way ahead of the world’s shipping fleet.

    View from the Top

    Agricultural Leaders’ Debate: Plotting a Path for the Future
    The US-China trade war, African Swine Fever and extreme weather events are some of the factors that have whipsawed agricultural commodity markets over the past year, challenging even the most agile traders. At the same time, the industry is also being forced to think hard about responsible sourcing, the growth of plant-based meat substitutes and whether it should place a greater focus on downstream activities like processing and packaging goods. Leading industry executives explain how they plan to prosper in these fast-changing markets.

    Credit in a Carbon-Constrained World
    Cheap credit is the lifeblood of the commodity trading industry and the cost of funding can make or break a business. As trade finance banks start to factor environmental, social and governance risk into their lending criteria and work towards ambitious sustainable development goals, traders will be forced to react and change the way they do business. A panel of leading bankers will discuss what these changes mean and how the industry can tap new pools of capital.

    Rethinking Commodity Trading

    Gas, Power and the Energy Transition
    Shale, LNG, renewable energy - gas and power markets are booming on both sides of the Atlantic, a fact that has not escaped the attention of big commodity traders, the oil majors and utility companies. looking to find ways to play the energy transition. Many of them already have a deep understanding of European markets, and are looking to apply that knowledge in the US, where renewable power is a small but growing part of the energy mix. This could generate lucrative returns for those companies able to execute in competitive market places.

    FT Debate: The Outlook for the Oil Market in the Next Decade

    Closing Keynote

    Summit Reception & Dinner

Agenda - 25th Mar

  • 8:00am
    Wednesday 25 March

    Opening Keynote Address

    The CFO Debate
    The finance chiefs of the world’s biggest commodity traders debate the outlook for the industry and reflect on the performance of the past year.

    Keynote Address on Sustainability

    Thinking Sustainably
    Managing environmental, social and governance risks is something the commodity traders can no longer ignore. But how should the industry respond and what benchmarks should it be following in order to create sustainable business models and practices? These issues go beyond addressing greenhouse gases and carbon emissions and encompass more challenging issues around governance and how an industry, that has largely shied away from public markets, can make a positive contribution to society. Diversity and the Workforce of the Future.

    LNG - The Fossil Fuel of the Future
    Gas is becoming an increasingly important part of the energy mix, replacing thermal coal and even crude oil as governments try to meet the goals of the Paris Agreement on climate change. As such it has become an increasingly important commodity for traders, particularly LNG, the fastest growing fossil fuel. By 2035 demand demand for LNG could double and with US export capacity bringing the key consuming regions of Asia and Europe closer together a global benchmark could become a reality. In the near term of a wave of new supply from projects in North America, Australia, Russia and Mozambique will keep a lid on prices until demand growth catches up and rebalances the market.

    Peak Oil and the Electrification of Transport
    When will oil demand peak? The answer to that question is very difficult to predict and will only become clearer when the electric vehicles goes mainstream? But when will the EV revolution happen and what are the barriers preventing the rapid electrification of transportation? And what part could the commodity trading industry play in tackling these issues?

    Managing Risk: The New Market Trends
    Managing risk is a core competency of the commodity trading industry and staying ahead of the game is no easy task. Whether it is hedging inventory or preventing warehouse frauds, traders must be able to detect new market trends and react. Big data to blockchain and machine learning are some of the tools that can be deployed to manage risk but what are the others and how should the industry approach this key issue?

    Closing Remarks from the FT Natural Resources Team

    Close of Summit & Lunch

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Speakers (22)

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.

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).

Orith Azoulay

Orith Azoulay

Global Head of CIB’s Green and Sustainable Finance
Natixis

She has been working in SRI/ESG since 2002. Orith joined Natixis in 2008 to create and lead its SRI sell-side Research team, and since 2017, created and leading the Green and Sustainable Finance Hub. Natixis’ Green and Sustainable Hub consists of a dedicated, expert and resolutely cross-asset operational task force, whose main role is to develop CIB’s Green & Sustainable franchise and its revenue generation in Europe, Asia-Pacific and the Americas: it offers a wide range of services, from green & sustainable financing to investment solutions structuring through green & sustainable research and advisory.

As an analyst, Orith’s sectors of specialty have historically been energy,utilities, real estate - building materials & construction, but also carbon/climate related topics. She is also Natixis’ expert on green bonds. Prior to joining Natixis, Orith was a senior SRI analyst at Groupama Asset Management from 2003 to 2008, where she created and led their SRI practice.
She also worked for the ORSE, a French think tank for Corporate Social Responsibility, where she was a research analyst. Orith started her career as an equity analyst at JP Morgan Chase in London.

Orith graduated from ESCP Europe in 2000 (Diplome Grande Ecole, Diplom Kaufmann).

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 is Chief Information Officer for Vitol, a member of the Vitol Group Board, Managing Director for Vitol Geneva and a member of business critical committees including the Compliance Committee and ESG Committee.  He joined Vitol in 1996 from KPMG where he was a Management Consultant. One of his first projects was the design and management of an integrated system (CTRM) to manage Vitol’s global trading business, a system which, in an evolved form, still underpins Vitol’s trading activity. 

Gerard holds a Master of Engineering graduate from Télécom ParisTech, 1986.

Jan  Dieleman

Jan Dieleman

Ocean Transportation Group Leader
Cargill

Jan Dieleman is the group leader for Cargill’s ocean transportation business and is based in Geneva, Switzerland. He has spent more than 20 years at Cargill and has successfully managed businesses in the U.S. and Europe.
Jan first joined the company in 1999 as a management trainee in Amsterdam. He spent the next 10 years gaining experience as a trading manager in the freight, grain and energy markets, before being appointed head of Cargill’s coal trading business in 2012.
He went on to lead Cargill’s North America power and gas unit in Houston, Texas, before returning to Geneva in 2016 as president of Cargill Ocean Transportation. At the same time, he was invited to join Cargill’s global corporate risk committee.
Across the maritime sector, Jan is a respected advocate for sustainable shipping, actively supporting reduced emissions, better vessel environmental performance, safer working conditions and a more diverse workforce. He is also an advisory board member of the Global Maritime Forum and non-executive board member of RightShip.
Jan graduated from the University of Maastricht with a master’s degree in economics, marketing and organization

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. 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.

Robert Fig

Robert Fig

Managing Director
Commodity Risk Management Training & Consulting

Robert has recently set up his own commodity risk management consultancy and is part of
the Metals Risk Team, the world’s foremost authority on metal price risk management. He
comes with 40 years of experience in the commodity markets. From post-graduate studies
in economics and development studies in South Africa, he moved into mining and
agricultural commodity research, then into a base metal marketing capacity at a number of
institutions, most notably the Bank of Nova Scotia.
In 2004 working for Mittal Steel and later ArcelorMittal, he set up, centralised and ran a
commodity risk management operation for the world’s largest steel producer giving him
invaluable experience inside a major industrial institution. Robert has also been consulted
by various global, regional and academic institutions on commodity risk management. After
joining the London Metal Exchange in 2011 Robert ran over 60 public and bespoke training
courses in commodity risk management.
Robert has significant experience in analysing commodity risks in softs, metals, energy,
shipping and carbon both in exchange and OTC products. He has delivered training to senior
decision makers at major mining, industrial and global institutions across the world helping
them to understand best practice in the management of their commodity risks. Much of his
work centers on the steel, speciality and stainless-steel industries.
As a widely considered world leader in this field his career has delved into every area of the
commodity markets having worked in research, banking, trading, managing corporate risk,
working for an exchange and now adds training to a most interesting career.
Robert continues to provide bespoke training services for the LME and Euromoney in the
delivery of LME public training and is a regular presenter at Oxford University’s Programme
in Leadership and Public Policy and various MBA programs on the subject of commodity risk
management. His simple, inclusive and engaging teaching methods have always garnered
great feedback from those he trains.

Russell Hardy

Russell Hardy

Group CEO
Vitol Group

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.

Alan  Haywood

Alan Haywood

Chief Executive, Integrated Supply & Trading
BP

In January 2017 Alan Haywood was appointed Chief Executive Officer of BP’s global energy trading business. He serves on a number of Group company boards.

Mr Haywood joined BP in London in 1988 and has held a wide variety of leadership roles in the Trading business in Europe and the US over more than 25 years. He has also worked in Merrill Lynch and Bankers Trust in 1992-1997, trading oil and precious metal financial derivatives.  

After being Head of the Group CFO’s Executive Office in 2005-7, Mr Haywood became Head of Supply and Trading for BP’s European Oil business, managing trading and supply for Oil as well as global currency trading and interest rate management. In April 2010, he was appointed Chief Operating Officer Global Gas. In this role, he was responsible for sales of all gas produced by BP and for procuring all gas for BP’s marketing businesses, including LNG.

From 2011-14, Mr Haywood was President of Downstream Gas and Head of Commercial Development, with responsibility for the monetisation of gas and the development of strategy and long-term commercial ventures across the supply and trading portfolio. In November 2014, Mr Haywood took the role of Group Treasurer for BP plc. He was responsible for the central financing of the BP Group, providing liquidity to its businesses and optimising value through the management of financial risks at the group level.

Mr Haywood holds a degree in Modern History from the University of Oxford.

Gregory A. Heckman

Gregory A. Heckman

Chief Executive Officer
Bunge

Mr. Heckman became Chief Executive Officer of Bunge Limited in April 2019 and serves on the company's board as a Director. He served as the Acting CEO of Bunge Limited from January 2019 until April 2019. He is Founding Partner of Flatwater Partners and has over 30 years of experience in the agriculture, energy and food processing industries. Most recently, Mr. Heckman was CEO of The Gavilon Group. Previously, he was Chief Operating Officer of ConAgra Foods Commercial Products and President and COO of ConAgra Trade Group. He is on the Board of Directors of OCI NV, a global producer of fertilizer and chemicals. He also serves on the North America Agribusiness Advisory Board of Rabobank.

He holds a B.S. in agriculture economics and marketing from the University of Illinois at Urbana-Champaign.

Daniel F. Hines

Daniel F. Hines

Chief Financial Officer
Castleton Commodities International LLC

Daniel F. Hines is Chief Financial Officer at Castleton Commodities International LLC (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.

Kristin  H. Holth

Kristin H. Holth

Global Head of Ocean Industries
DBN

Kristin H. Holth is Global Head of Ocean Industries in DNB. The bank is Norway's largest financial services group and a global leading financial institution within the Ocean Industries which includes Seafood, Shipping and the Oil related industries. Norway has a high focus on the these industries and from an international perspective they represent Norway’s and DNB’s strongest footprint globally. DNB has Ocean Industry team in the important global hubs with New York, Houston, Santiago, London, Athens, Singapore, Bergen and Oslo.
Holth has held numerous management positions within DNB over the years in Norway and abroad. The latest being EVP and General Manager of DNB Americas for 6 years from 2007, Global Head of Shipping, Offshore & Logistics for 4 years from 2013 and present position from October 2017.
 
Holth is member of the International Advisory Board at BI, Norwegian Business School, Maritime Forum and Ocean Industry Forum Oslofjord.

James MacTaggart

James MacTaggart

Senior Vice President, LNG Marketing – Asia and Middle East
NextDecade Corporation

James MacTaggart is Senior Vice President, LNG Marketing – Asia and Middle East, of NextDecade Corporation (NASDAQ: NEXT). NextDecade is a liquefied natural gas (LNG) development company focused on LNG export projects and associated pipelines in Texas. NextDecade intends to develop the largest LNG export solution linking Permian Basin associated gas to the global LNG market.

James is based in, and leads, NextDecade’s Singapore office. In this role, he is responsible for advancing prospective customer engagement throughout Asia and the Middle East, and recently executed the first LNG contract supplying LNG from the United States, indexed to oil.

Before joining NextDecade, James served more than 20 years with Shell in various marketing and trading positions. His last role was General Manager of Shell’s New Gas and LNG Markets business in Asia, India, and the Middle East. During his time at Shell, he originated, negotiated, and executed
a significant number of deals in the upstream, gas and power, and LNG trading businesses. These activities included setting up Shell Energy India, negotiating LNG sales contracts for the Sakhalin 2 LNG project, and selling the first LNG cargoes into the Middle East.

James completed his undergraduate studies in classical and modern Chinese at the School of Oriental and African Studies in London, and holds an M.B.A. with distinction from Cass Business School.

Yoven Moorooven

Yoven Moorooven

Chief Executive Officer, ENGIE Africa
ENGIE

Yoven Moorooven was appointed Chief Executive Officer of ENGIE Africa business unit in April 2018. He serves on a number of Group company boards. 

Yoven is a senior executive with an exceptional international experience in business development, origination in the commodity and utility industry. He began his career at ENGIE in 2003 as Energy Derivative Sales within the Group’s financially regulated trading arm. He then held various senior positions at Macquarie and Deutsche Bank, before returning to ENGIE in 2013. During his time at Macquarie Bank, he was instrumental in developing the bank’s energy markets division and making it a recognized and established player within the energy industry. He led the Origination and Sales team for EMEA for all energy related commodities and was a Senior Managing Director. In 2012, he moved to Deutsche Bank, where he was Managing Director of their Gas, Power and Coal Origination and Trading activities in Europe. 

With more than 16 years in the energy sector, Yoven has in-depth expertise of the entire financial and physical energy value chain. Rocketing to senior positions from a young age, he has an impressive track record of agile, cross-commodity international business development through organic growth and merger & acquisition in Asia-Pacific, the Americas and Africa. 

As Head of the International division of ENGIE’s Global Energy Management BU, Yoven accelerated the development of all its activities worldwide. His achievements include a pioneering “plug-and-play” business model, which transposed the best of ENGIE’s long- standing European energy management expertise through nimble, decentralized structures that could quickly adapt to local specificities and grow new activities. This approach proved valuable to boost APAC activities and establish platforms in North America, Turkey and the UK in under 2 years. Mr. Moorooven also led the development of ENGIE’s global biomass business, currently ranked in the top 3 in Asia-Pacific. 

Today, as ENGIE Africa’s CEO, Yoven is fully committed to supporting the continent in tackling its ever-growing energy demand, co-developing new business models with African stakeholders. These translate into centralized green generation solutions, decentralized energy services for off-grid customers and new technological solutions, through start-up acquisitions like Fenix, in-house incubated PowerCorner or more recently, Mobisol, a pioneer in the off-grid solar sector. 

In 2018, ENGIE Africa won the “International Company of the Year” award at the Africa CEO Forum Awards, a yearly event which recognizes the companies and investors that have shaped the year in Africa and had the most remarkable economic and social impact.

In 2019, Yoven won the Rising Star Award, Individual category, at the S&P Global Platts yearly Global Energy Awards, as a recognition of his high achievements and outstanding commitment throughout his career in the energy industry.

He holds a Master in Econometrics and a Master in Banking, Finance and Commodities. He also holds an Executive Master in Innovation, Technology and Management at Ecole Polytechnique in Paris France in collaboration with University of Berkeley California.

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.

William C. Reed II

William C. Reed II

Chief Executive Officer
Castleton Commodities International LLC

William C. Reed II is the President and Chief Executive Officer of Castleton Commodities International LLC (CCI).  CCI is a global energy commodity merchant with integrated businesses focused on marketing, merchandising, and trading commodities, and the ownership, operation and development of commodities-related infrastructure and upstream assets. 

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 $30 million to $1.4 billion at the time of his departure.  Mr. Reed served in the U.S. Army 160th Special Operations Aviation Regiment and currently serves on the board of the Night Stalker Foundation. Mr. Reed 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. 

Alex Sanfeliu

Alex Sanfeliu

World Trading Group Leader
Cargill

As Cargill’s World Trading Group Leader, Alex Sanfeliu and the traders he leads navigate complex global markets to move grains, oilseeds, vegetable oils, palm, and ethanol from where they are grown and processed, to the people and places around the world where they are needed. Together, Alex and his team provide expert trading services that connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive.

 

Leveraging Cargill’s experience, the latest analytics, and informed market insights, Alex and his team are responsible for defining and executing strategic priorities to improve the company’s trading performance. Based in Geneva, Switzerland, the World Trading Group sits at the heart of Cargill’s agricultural supply chain practice – holding most of its risk limits and leading the whole organization on cash and directional trading.

Alex has been with Cargill for more than 25 years. He applies that experience every day to building and leading the best-performing team in agricultural trading and analytics. Before leading the World Trading Group, Alex managed Cargill’s global trade of corn, soybeans, other feed grains, and proteins. He also represented Cargill on the board of Alvean, a sugar trading company that is jointly owned by Cargill and Coopersucar.

Born in Barcelona, Spain, Alex earned his MBA in economics and finance at ESADE Business School. He is fluent in four languages – including English, Spanish, French, and Catalan. Alex and his wife have been living in Geneva with their three children for the last 20 years.

Giovanni Serio

Giovanni Serio

Global Head of Research
Vitol

Giovanni is Vitol’s Global Head of Research. He has 20 years of research, modelling and analysis experience. Prior to joining Vitol in August 2016, Giovanni was Head of Market Analysis at Noble, at BP and senior analyst at Goldman Sachs. Giovanni started his career as an economist at the Research Department of Italy’s Central Bank and then as a Consultant at the Development Economic Research Group of the World Bank. Giovanni holds a PhD in Economics from New York University.

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.

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FT CONTRIBUTORS (7)

Roula Khalaf

Roula Khalaf

Editor
Financial Times

Roula Khalaf is Editor of the Financial Times. She was previously deputy editor from 2016 to 2020, overseeing a range of newsroom initiatives and award winning editorial projects and leading a global network of over 100 foreign correspondents.

Before taking up the deputy editor role, Khalaf was the FT's foreign editor and oversaw the FT's operations in Europe, Africa and the Middle East. Before that, as Middle East editor, she launched a Middle East edition and led coverage of the Arab Spring. Khalaf was named foreign commentator of the year at the Editorial Intelligence Comment Awards in 2016 and her series on Qatar won the Foreign Press Association’s Feature story of the year in 2013. She joined the FT in 1995 as North Africa correspondent and before that was a staff writer for Forbes magazine in New York.

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.

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.

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.

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.

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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Attendees in 2019 Included

ABN AMRO • Accenture • Archer Daniels Midland • Alcoa • Alpicom SA • Amsterdam Trade Bank • Anglo American • ANZ Bank • Bank of America • Banque Cantonale de Genève • Banque Cantonale Vaudoise • Barclays Bank • BMO Capital Markets • BPL Global • Brown Brothers Harriman & Co • Brunswick Group • Bulk Oil Storage and Transportation Company Ltd • CA INDOSUEZ SUISSE • Cargill • Castleton Commodities International • Citi Bank • Clyde and Co • CME Group • Coeclerici Group • COFARCO SAS • COFCO International • Commercial Bank of Dubai • Commerzbank AG • Concord Resources Ltd • Coral Energy • Corteva Agriscience • Crédit Agricole • Credit Suisse • DBS Bank • Deloitte AG • Deutsche Bank AG • EAST METALS AG • ECOM Agroindustrial Corp • EITI • En+ Group • Engelhart Commodities Trading Partners • Enterprise Singapore • Ernst & Young • Erste Group Bank AG • Eurasian Resources Group • Fortum Power and Heat • GERALD GROUP • Ghana National Petroleum Corporation • Glencore • Goldman Sachs • GPW & Co Ltd • Gunvor • Hartee Partners • Haven Capital • HFW • HSBC • Human Capital • IBM • Iman Resources • INDAGRO SA • ING Bank • Integral Petroleum • Itau BBA International plc • J.P.Morgan • JERA Co Inc. • JOGMEC • KfW IPEX-Bank • KPMG SA • Lambert Commodities • Linklaters LLP • Louis Dreyfus Company • Macquarie Commodities Trading • Marsh Ltd • Mercuria • MET Holding AG • Mitsubishi Corporation • Mitsui Bussan Commodities ltd • Mizuho Bank, Ltd • MUFG • Multi Commodity Exchange of India Ltd • Natixis • Nedbank • NextDecade Corp • Nigeria National Petroleum Corporation • Numis • Oliver Wyman • Open Mineral AG • Orion Resource Partners • Pacific Basin Shipping • Pala Investments • Port of Rotterdam • PWC • Quest Group GMCC • Rabobank • RBC Capital Markets • Rio Tinto • Rosneft Trading S.A. • Royal Dutch Shell • Russell Reynolds Associates • Saudi Aramco • SCB Group • Sea World Management & Trading Inc • SIX Swiss Exchange Ltd • SOCAR Trading SA • Societe Generale • Solaris Commodities • Spencer Stuart • SPIMEX • Standard Chartered Bank • State Secretariat for International Finance • SwiftBulk • Swiss Federal Department of Foreign Affairs • Swiss Federel Department of Finance • Swiss Trading and Shipping Association • The Carlyle Group NY • The London Metal Exchange  • The Metals Risk Team • Trafigura • Traxys North America • VAKT • Vale International • VARO Energy • Viohalco SA • Vitol Group • W MARINE INC • Waterfund • Women-in-Mining UK • WWF • Xcoal Energy & Resources • Zürcher Kantonalbank 

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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 (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.

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