Goldman’s Metals Trader Romanek Said Hired by Noble GroupAgnieszka Troszkiewicz
Noble Group Ltd., Asia’s biggest commodity trader by sales, hired Goldman Sachs Group Inc. metals trader Jeff Romanek, according to three people familiar with the matter.
Romanek was trading metals in New York, said the people, who asked not to be identified because the information hasn’t been made public. He will join in May and will trade copper, lead and zinc in Stamford, Connecticut, they said.
Noble, based in Hong Kong, is expanding its industrial-metals business and was chosen last year by Nyrstar NV, the second-largest refined-zinc producer in 2012, to market part of its European output. It also owns Worldwide Warehouse Solutions U.K. Ltd., a warehouse company that’s part of the London Metal Exchange’s network to store metals.
Noble hired Goldman traders Scott Evans and David Freeland last year to trade copper and other industrial metals. Mark Hansen was hired in June 2012 to head physical and derivative metals trading.
Stephen Brown, a spokesman for Noble in Hong Kong, said in an e-mail that the company doesn’t comment on its business or personnel. Michael DuVally, a spokesman for Goldman in New York, declined to comment.
Goldman Sachs Chief Executive Officer Lloyd C. Blankfein has said his New York-based firm is committed to its commodities unit, even as rivals such as Morgan Stanley and JPMorgan Chase & Co. exit parts of theirs. The Federal Reserve said earlier this year that it’s considering new limits on banks’ trading and warehousing of physical commodities.