Shapiro, who spent 24 years with the firm, will continue with the bank in an advisory capacity until the end of the year to ensure a smooth transition to his successors.

Effective immediately, Colin Bryce (based in London) and Simon Greenshields (based in New York) become co-heads of global commodities. Bryce was previously European head of commodities but was promoted to run EMEA sales and trading across various asset classes. He maintains that role along with his new role as commodities co