STAMFORD, Conn.--(BUSINESS WIRE)--Castleton Commodities International LLC (“CCI” or the “Company”) today announced the expansion of its global trading activities into the base metals market. The business will be led by Peter Sellars, formerly Global Head of Metals at J.P. Morgan.
“CCI is committed to investing in our Merchant platform through the expansion of our global physical businesses and the addition of our base metals team is a natural extension of this,” said David Wallace, President of Merchant Trading. “We have hired the very best talent in Peter and look forward to building an experienced and successful team based on his knowledge and contacts in the metals trading business.”
Mr. Sellars has worked in the base metals trading business for 20 years, most recently as Global Head of Metals at J.P. Morgan, prior to which he served as CEO of RBS Sempra Metals and, before that, as Global Head of Commodities at Barclays Capital. Mr. Sellars previously worked for 16 years in the physical metal consumption/production industry at BICC & Engelhard Industries. He also served as a board member of the London Metal Exchange, Chairman of the LME Copper Committee and Chairman of the IWCC Copper Committee.
Joining Mr. Sellars will be David Tregar who will serve as Metals Finance Director. Since qualifying as a chartered accountant, Mr. Tregar has spent more than 35 years working in the commodity trading industry. Of this, 21 years were spent in the metals trading business as CFO of J.P. Morgan Metals and its predecessor companies, with the balance spent as CFO of other commodity trading companies. He has also served as a director of the London Clearing House.
CCI plans to expand its base metals team throughout the year.
About Castleton Commodities International LLC
CCI is a global commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets. The Company markets a broad range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power, coal and financial instruments related to commodities. CCI is headquartered in Stamford, Connecticut with offices in Houston, Texas, and Denver, Colorado, as well as foreign affiliate offices in Calgary, Canada; Geneva, Switzerland; London, United Kingdom; Shanghai, China; Singapore; and Uruguay.