Israel Englander’s Millennium Management hired John Anderson, the former co-head of global commodities at JPMorgan Chase & Co., for a new role as global chief of commodities, according to a person with knowledge of the matter.
Anderson will be based in London, said the person, who asked not to be named because the information is private. Anderson didn’t immediately respond to an e-mail and telephone message seeking comment.
Millennium, the New York-based hedge fund firm that oversees assets of $30.4 billion, expanded its commodities staff by establishing investment teams for the strategy last year, two people briefed on the matter said in October.
The hedge fund also recently hired Mehmet Tezgul, formerly of BNP Paribas SA, to trade commodities from London, the person said. He joined in July, according to his LinkedIn profile. Tezgul declined to comment.
JPMorgan told employees in a June 23 memo that Anderson was leaving. He was picked in May 2014 to run the bank’s commodities business with Mike Camacho, replacing Blythe Masters. Camacho will now be the sole chief, according to last month’s memo.
Brian Marchiony, a JPMorgan spokesman, confirmed the memo’s contents.