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2015-03-13T00:00:00.000Z

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Wrong Magid Shenouda?

Magid Shenouda N.

Global Head of Trading

Mercuria Energy Trading S.A.

HQ Phone: +41 22 594 70 00

Mercuria Energy Trading S.A.

Rue du Rhone, 50

Geneva, 1204

Switzerland

Company Description

Mercuria Energy Canada Inc. (MECI) was formed after the acquisition of the Navitas Energy Group Ltd in March 2006. MECI aggregates and trades over 10 different grades of crude oil throughout Western Canada and the United States. MECI also manages the Wask ... more

Find other employees at this company (969)

Background Information

Employment History

Co-Head of Commodities
Goldman , Sachs & Co.

Physical Fuel Oil and Feedstock's Trader
Trafigura Pte Ltd

Education

B.S.
Chemistry
University of London

M.S.
Shipping , Trade and Finance
International Centre for Shipping , Trade and Finance

Web References (14 Total References)


This is a transparent and reliable ...

www.marinelink.com [cached]

This is a transparent and reliable model that puts the client first to ensure the quality and delivery of their energy needs to their marine vessels," said Magid Shenouda, Mercuria's global head of trading. "We are investing substantial resources into the bunkering business. Minerva is the natural complement to Mercuria's fuel oil trading structure." Shenouda continued, "We are building upon Mercuria's skill sets and balance sheet to expand relationships in the physical fuel oil business.


"This is a natural expansion of ...

shipandbunker.com [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.


"This is a natural expansion of ...

www.mercuria.com [cached]

"This is a natural expansion of our robust fuel oil trading infrastructure," said Magid Shenouda, Mercuria's group head of trading.

...
"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," continued Shenouda.


A high-level Mercuria source ...

www.marinelink.com [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.


Welcome to Greenfield Advisors Limited!

www.greenfieldadvisorsltd.com [cached]

Goldman loses co-head of commodity trade Shenouda: memo NEW YORK (Reuters) - Goldman Sachs 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.

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