David Paul joins LME trader Refco to head plastics futures

15 July 2004 18:46  [Source: ICIS news]

LONDON (CNI--London Metal Exchange (LME) ring trader Refco Overseas on Thursday announced the appointment of David Paul as global head of plastics.

 

His appointment comes roughly five months ahead of the planned introduction of a plastics futures market on the LME, with contracts for polyethylene (PE) and polypropylene

(PP).

 

Paul is a former chief executive of Asahi Glass Plastics in Europe and a former senior executive with both the Dow Chemical and Arco/Lyondell plastics divisions. At Refco he will develop the international plastics business and set up global internal teams to service new clients in the plastics industry and futures trading.

 

‘We are pleased to welcome David to our company, Mark Slade managing director Refco Overseas said. “David’s senior executive background and technical expertise in the plastic industry will enable Refco to offer a comprehensive service to clients and is a significant appointment. The launch of these contracts on the LME provides Refco with an exciting opportunity to use its skill and experience gained over many years in the commodities markets to develop a new client base in this new product line.”

 

Diversified financial group Refco is a ring dealing broker member of the 80-member LME. Other ring dealing members are: Amalgamated Metal Trading (AMT), Barclays Bank, Carr Futures, Credit Lyonnais Rouse, Man Financial, Metdist Trading, Natexis Metals, Sempra Metals, Societe Generale, Sucden (UK) and Triland Metals.


By: Nigel Davis
+44 20 8652 3214



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