Noble Said to Hire Two Oil Traders From Morgan Stanley

Pasi Siitonen and Simon Hutchinson left their jobs as North Sea crude traders at Morgan Stanley (MS), according to three people with knowledge of the matter.

They departed more than a week ago, the people said, declining to be identified because the information is confidential. Siitonen and Hutchinson will join Noble Group Ltd. (NOBL) and continue covering crude markets, according to two of the people.

Stephen Brown, director of corporate affairs at Noble in Hong Kong, declined to comment, citing company policy, in an e-mailed response to questions yesterday. Hugh Fraser, a London-based spokesman for Morgan Stanley, also declined to comment by phone yesterday.

Noble is a trader and producer of energy, foodstuffs and metals headquartered in Hong Kong, with offices in more than 90 locations worldwide, including London, Singapore and Geneva, according to the company’s website.

To contact the reporter on this story: Laura Hurst in London at lhurst3@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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