Embattled commodity trader Noble Group loses CFO
Other moves at Goldman, Mercuria, BNP Paribas and Cargill
Robert van der Zalm, group chief financial officer (CFO) of Hong Kong-based commodity trading house Noble Group, has stepped down.
Noble announced van der Zalm was leaving the CFO job on a November 12 conference call with analysts, when it reported an 83% drop in third-quarter profit from the year before. The firm has been hit hard by falling commodities prices, questions over its accounting and warnings from rating agencies that it could be downgraded to 'junk'.
Noble said
More on Risk management
Commodity volatility prompts a rethink of risk frameworks
Commodity market volatility is exposing the cracks in firms’ risk management frameworks and policies
Asian banks close out energy clients as Iran war bites
Firms with short jet fuel positions faced losses up to $100 million as initial margin soared 566%
How AI agents can join the dots for risk managers
Citi risk expert outlines agentic AI tool that would pull together structured and unstructured data on trading and lending approvals to create single, unified view of risk
In Iran war, VAR models ease cliff effect on Ice and CME margins
At 105%, EEX – using Span model – saw largest single-day jump compared with those CCPs
Newcomer of the year: Abaxx Exchange
Energy Risk Awards 2026: New exchange sets out to modernise commodity derivatives by aligning them to physical markets
AI project of the year: SOCAR Türkiye
Energy Risk Awards 2026: Risk team harnesses AI to transform RCSA into a scalable, sustainable and internally owned capability
Data, cyber and model risk top IT concerns for risk managers: survey
Energy Risk software survey reveals risk managers’ tech pain points and plans
Energy Risk Debates: the Iran conflict and the widening mandate of the risk manager
Panellists discuss the impact of the Middle East crisis so far on risk teams and the drive towards enterprise risk management