End of Era for Cocoa as Sucden Boss Stops Trading After 50 Years
- Derek Chambers moves to advisory role as Davis heads the team
- Trader’s storied career took in ‘Cocoa Wars’ of late 1980s
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The chocolate world just lost one of its most influential traders.
Derek Chambers, the head of cocoa at Sucres et Denrees SA, ended his involvement in front-line trading this month after a career spanning half a century of the market’s ups and downs. He’s moved into an advisory role and the team he built is now led by Paul Davis, the former cocoa boss at Noble Group Ltd. who joined the Paris-based trader in 2016.