Barclays Commodity Strategist Sen Said to Leave Bank
Stock Chart for Barclays PLC (BARC)
Amrita Sen, a commodities analyst at Barclays Plc (BARC), left the bank this week, two people with knowledge of the matter said.
Sen, 28, resigned from the London-based investment-banking unit of the U.K’s second-biggest lender to study for a doctorate, the people said, declining to be identified because the information isn’t public.
She joined Barclays Capital in 2007 after earning a master’s degree in economics from Cambridge University that year and a bachelor’s degree in economics from the University of Warwick in 2006.
Together with Paul Horsnell, the bank’s head of commodities research, Sen predicted on April 11 that a rally in gasoline in the U.S. would probably stall below $4 a gallon, presaging a 16 percent decline through July 1. In March, she forecast a release from the U.S. Strategic Petroleum Reserve in the coming months, which didn’t materialize.
In January, Sen predicted an average price for Brent crude this year of $115 per barrel. It has averaged $112 so far. The Standard & Poor’s GSCI index of 24 raw materials fell 2.5 percent this year after gaining 85 percent in the past three years.
Sen plans to enroll at the School of Oriental and African Studies at the University of London and will be a research fellow at the Oxford Institute for Energy Studies, the people said.
The institute, attached to the University of Oxford, specializes in research into the economics and politics of international energy and is headed by Christopher Allsopp, a former member of the Bank of England’s Monetary Policy Committee.
Roxana Mohammadian-Molina also left Barclays’ commodities research team this year. She joined Tiberius Asset Management AG to work in portfolio management, the hedge fund said on July 12.
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