Citadel hires ex-Glencore trader to head Asia commodities trading team

SINGAPORE, Aug 27 (Reuters) - Citadel, one of the world's largest hedge fund managers, said on Thursday it had hired a former Glencore energy derivatives trader to head its first commodities trading team in Asia.

Daniel Liu will join Citadel's commodities business in November as a portfolio manager, initially focused on oil and refined products, a company spokeswoman said.

"Daniel's team will be Citadel's first commodities trading presence in Asia," the spokeswoman said in an email, adding that Liu will be based in Singapore and aims for a team of four to five people.

The news comes after the Chicago-based hedge fund and Citadel Securities said on Monday they would open a new office in Singapore.

Liu was recently the head of Asia oil and liquefied natural gas derivatives trading for Glencore GLEN.L in Asia, having worked at Goldman Sachs and Merrill Lynch after starting his career as an analyst at BP BP.L, his profile on the website LinkedIn shows.

Glencore and Liu declined to comment.

(Reporting by Florence Tan and Chen Aizhu; Editing by Clarence Fernandez)

((Florence.Tan@thomsonreuters.com; +65 6870 3497; Reuters Messaging: florence.tan.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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