Investment bank Credit Suisse is to hire eight new staff across its commodities and energy division, continuing an expansion of its joint venture with commodities trading company Glencore, according to a company memo seen by Energy Risk.

The largest expansion is at the bank's London oil desk, where four new staff have been hired. "Establishing a leading oils platform is a key component of the continuing expansion of our commodities business," says the memo, sent by commodities co-heads Beau