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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 |
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 MSCGUUUWQUPMGMW
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