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AMBR Ambrian

1.50
0.00 (0.00%)
22 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ambrian LSE:AMBR London Ordinary Share GB0003763140 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.50 1.25 1.75 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Expansion of Commodities Team

14/06/2007 8:01am

UK Regulatory


RNS Number:3245Y
Ambrian Capital PLC
14 June 2007




                              Ambrian Capital plc

                        Expansion of Ambrian Commodities

Ambrian Capital plc, the AIM-quoted investment bank, announces that is it is
significantly expanding its commodities trading business, in order to meet the
growing demand of metals, energy and agriculture investors in what is a thriving
commodities market.

In response to the rapid growth of the business to date, Ambrian Commodities
Limited ("Ambrian Commodities" or "the Company"), a wholly owned subsidiary of
Ambrian Capital plc, is substantially increasing its metals sales team with the
appointment of Mike Baker, Michael O'Sullivan and Don Fraser.  These new
appointments will strengthen Ambrian Commodities' presence in the metals market
and will help to further increase the Company's fast growing client base.

Ambrian Commodities has also made an additional appointment to its soft
commodities team in order to expand its existing offer to cover cocoa and coffee
trading.

Mike Baker offers an expert understanding of the London Metal Exchange ("LME")
and its application in hedging price risk, having been both a customer of the
market and a senior account executive at two LME brokers.  During his 25 year
career, Mr. Baker has traded physical metals with Cargill, BIT and LN Metals,
and managed the associated LME hedging books.  He has also worked at LME
ring-dealers, Societe Generale, and the Mocatta Group, where he was responsible
for creating and implementing hedging models for clients, including several
European smelters.  Mike is a former member of the LME Lead and Zinc Committees.

Don Fraser has over 20 years' of LME brokerage experience having spent 12 years
at Lehman Brothers Commodities and 7 years at Sogemin Metals, subsequently
Natexis Bank, producing hedging strategies and developing their fund brokerage
business.



Michael O'Sullivan has worked in the LME brokerage business for over 30 years,
spending 15 years with Rudolf Wolff and Co. as an Account Executive, two of
which were located in Singapore.  He spent a further 15 years at Sogemin,
latterly Natexis Bank, where he continued to focus on the Far Eastern market.
Mr. O'Sullivan has an extensive customer base within the Chinese and South East
Asian markets and covering all LME traded products.

Jeff Cooper has been appointed as Head Cocoa and Coffee Trader and will launch
Ambrian Commodities' trading services in both of these exciting markets.  Mr.
Cooper is a senior trader with over 30 years' of experience in soft commodities,
most recently working in futures market trading for Man Agricultural Group.  Mr.
Cooper will be working alongside Jonathan Boyden, who joined Ambrian Commodities
from Tate & Lyle in January of this year to head up the sugar trading
activities.

Malcolm Freeman, Managing Director of Ambrian Commodities, comments "I would
like to take this opportunity to welcome the new members of our metals trading
team, each of whom has broad experience covering a wide product base within the
metals markets.  Their appointment will further strengthen the already solid
expertise of our metals trading team.

"I am also pleased with the commencement of cocoa and coffee trading at Ambrian
Commodities, as this is a natural progression following the launch of sugar
trading in January of this year. It is challenging to find people with the right
level of experience in the soft commodities market, so we are delighted to have
attracted a senior trader of the calibre of Jeff Cooper."

Tom Gaffney, Chief Executive of Ambrian Capital plc, comments "We are delighted
with the rapid development of our commodities trading business, which is now a
core profit contributor to Ambrian Capital.  The expansion of the metals team is
an exciting progression for Ambrian Commodities and we look forward to expanding
our presence in the market.  Additionally, the commencement of coffee and cocoa
trading is an excellent step forward and we will continue to launch new products
in order to satisfy demand.  We believe that the fundamentals fuelling growth in
the metals markets are still strong and we aim to capitalise on increasing
investor interest in this area."

About Ambrian Capital plc

Ambrian Capital plc is an AIM-quoted independent investment bank involved in the
mining, oil and gas, alternative energy, bio-energy, soft commodities and
technology sectors.  Ambrian Capital has three wholly-owned subsidiaries:
Ambrian Partners Limited, a corporate finance advisor and stockbroker; Ambrian
Commodities Limited, an Associate Member of The London Metal Exchange and a
broker-dealer of LME traded metals, precious metals, carbon credits and soft
commodities; and Ambrian Asset Management Limited, a specialist investment
management business.

Further information about the Group is available on Ambrian Capital's website:
www.ambrian.com.


Enquiries:

Tom Gaffney                                      Tel:   +44 (0) 20 7776 6411
Chief Executive, Ambrian Capital plc

Malcolm Freeman                                  Tel:   +44 (0) 20 7776 6481
Managing Director, Ambrian Commodities

Justine Howarth/Louise Goodeve                   Tel:   +44 (0) 20 7851 7480
Parkgreen Communications


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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