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This profile was last updated on 12/16/14  and contains information from public web pages.

Group Head of Trading

Mercuria
 
Background

Employment History

  • Global Commodities Co-Head
    Goldman Sachs
  • Head of European Power
    Goldman Sachs
  • Managing Director
    Goldman Sachs

Education

  • M.S. , Shipping , Trade and Finance
    International Centre for Shipping , Trade and Finance
  • B.S. , Chemistry
    University of London
10 Total References
Web References
"This is a natural expansion of ...
shipandbunker.com, 16 Dec 2014 [cached]
"This is a natural expansion of our robust fuel oil trading infrastructure," said Magid Shenouda, Mercuria's group head of trading.
...
Magid Shenouda, Group Head of Trading, Mercuria
Staff will be employed at new offices to be opened in Korea, Greece, and Japan, while others join existing offices at Houston and Geneva.
"With many years of experience in ship fuel management, these individuals have specialized skills to help reduce marine fuel price risk and control costs for counterparties," said Shenouda.
NEW YORK (Reuters) - Goldman ...
www.greenfieldadvisorsltd.com, 29 Oct 2013 [cached]
NEW YORK (Reuters) - Goldman Sachs (GS.N) global commodities co-head Magid Shenouda is leaving after 14 years at the bank, according to an internal memo seen by Reuters, the Wall Street firm's second senior-level departure in as many weeks.
London-based Shenouda, who has run the commodities business for the past two years alongside New York-based Greg Agran, had been credited with helping build out Goldman's physical energy trading franchise - a part of the bank that is under intense political and regulatory scrutiny in the United States.
...
Shenouda joined Goldman in 1999 from privately held Swiss-based commodity trading house Trafigura, where he traded fuel oil. He went on to run Goldman's European crude oil and products trading business, as well as European power and gas. He was made partner at the bank in 2008, the memo said.
Environmental and Energy Study Institute
archives.eesi.org, 6 Jan 2006 [cached]
Magid Shenouda, Goldman's head of European power and gas trading in London, said the volume traded in the European market has grown to over 300 million tonnes of carbon dioxide (CO2) in 2005. At an average price of about 20 euros per tonne of CO2, that equates to a market of roughly 6 billion euros ($7.1 billion). Shenouda said, "What is clear is that it's massive and it's growing.... the market was trading 100,000 tonnes a day, max, last year and it's up to 1.5 million to 2.5 million a day more recently. The bottom line, Goldman maintains, is that global capital markets, long blamed for fostering environmental destruction, can now be a force for environmental reconstruction. "We believe Kyoto will play an important role in reducing greenhouse gases," Shenouda said.
Weathervane - Speaker Bios
www.weathervane.rff.org, 4 April 2006 [cached]
Magid ShenoudaManaging Director, Goldman Sachs
Magid Shenouda is a managing director at Goldman Sachs in London, where he heads European gas and power trading.He joined Goldman Sachs in 1999 as an oil trader.Prior to joining the firm, Shenouda worked as a physical fuel oil and feedstock's trader for Trafigura Ltd.He earned a B.S. (Hons) in Chemistry from the University of London in 1992 and an M.S. in Shipping, Trade and Finance from the International Centre for Shipping, Trade and Finance (City University Business School) in 1994.
A high-level Mercuria source ...
www.marinelink.com, 12 May 2014 [cached]
A high-level Mercuria source told Reuters that Magid Shenouda, who was co-head of commodities for Goldman until the end of last year and helped build one of the strongest trading units among banks, had joined Mercuria.
Mercuria is closing a $3.5 billion deal to buy the physical commodities trading business from another Wall Street giant, JP Morgan.
"With the acquisition of JPM's business we will substantially grow in size and are looking at a turnover of $130-$150 billion," the source said.
The co-founders of Mercuria, Marco Dunand and Daniel Jaeggi, will focus on managing the company with emphasis on integration and client relations while Shenouda will run trading.
...
Shenouda was one of several recent senior departures from Wall Street's most famed commodity trader, which has said it is keen to keep the unit despite pressure from the U.S. Federal Reserve.
The Fed is conducting a review while U.S. lawmakers raise concerns that banks might abuse their roles in physical commodities markets, or that the businesses pose risks to their financial stability.
Shenouda is the latest high-level recruit from a bank by Mercuria, which has packed its senior ranks with former bank executives - unlike peers such as Glencore or Vitol, which traditionally promote from within.
...
Shenouda joined Goldman in 1999 from privately held Swiss-based commodity trading house Trafigura, where he traded fuel oil. He went on to run Goldman's European crude oil and products trading business, as well as European power and gas. He was made partner at the bank in 2008.
At the time of his departure, Goldman said he had been responsible for driving several acquisitions, as well as its expansion into coal, freight and emissions trading.
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