Wells Fargo
Wells Fargo’s commodity book hits record size after 36% surge
Notional growth far outpaces Wall Street heavyweights
Wells Fargo hires senior gas trader from Mercuria
Other hires at Cargill, Millennium Management and Xcel Energy
Former enforcement chief takes top job at Ferc
BAML promotes Ahmad to co-head; Coolidge leaves Velite; Black joins Wells Fargo; StanChart loses sales head; Freepoint adds oil traders
Upstart banks betting on expansion in commodities
As banking industry’s top commodity players retreat, others are increasing their activity and growing their commodities business
People Swaps
ABN Amro hires global energy trading head Dutch bank ABN Amro has hired Jonathan Arginteanu to the newly created positionof senior vice-president and deputy head of global energy trading operationsin New York. He was previously head of rival bank BNP…