Barclays Plc appointed Managing Director Robert Bogucki to the role of global head of power, natural gas, emissions, coal and freight trading, two people with direct knowledge of the matter said.
The appointment is part of the bank’s plan to split its global energy group into two divisions, one for crude and oil products and another unit covering electricity, gas, coal and freight, said the people, who declined to be identified because the information isn’t public. Bogucki will remain in charge of G10 currency trading in the Americas and emerging markets currency trading in Latin America, one of the people said.
George Cultraro, the former head of global energy, will run oil, according to the people. Both Cultraro and Bogucki report to Mike Bagguley, head of commodities and foreign exchange, one of the people said. Bogucki didn’t return a phone call and an e-mail yesterday seeking comment. Bagguley didn’t immediately return a phone call seeking comment.
The appointment and group split was yesterday reported by SparkSpread.