LONDON – (29 February, 2016) – OTC Europe, LLP, today announced the addition of two brokers and the formation of a new desk operating in the physical market.
The new desk will be part of the company’s P&P Oil team and will broker physical middle distillates with the goal of optimising European and Transatlantic distillate flows. It will be led by Matt Arrowsmith and supported by Paul Witcomb, who have a combined nearly 40 years of industry and trading experience, and will work with oil majors, trading houses and other market participants.
“I am excited about taking on the challenge of building a broking business from scratch,” said Arrowsmith. “OTC Europe’s impressive track record of building thriving physical commodity broking teams, combined with its in-house futures, derivatives and operations teams, provides an unrivalled environment for client success and business growth.”
Prior to joining OTC Europe, Arrowsmith was a physical distillates broker with Jackson Son & Co. He also held trading and leadership positions with Itochu and PetroIneos, respectively. Witcomb most recently spent three years at Jackson Son & Co. where he was responsible for building up and growing the company’s activity in the Mediterranean region. Before this, he worked with Phillips Petroleum, Westport Petroleum and Itochu over a period of more than two decades.
“We expect Matt and Paul to contribute to our fast-growing OTC Europe operation immediately, thanks to their knowledge of the physical market, drive and experience building and growing broking desks,” added Joe Kelly, president and COO of OTC Europe parent company OTC Global Holdings.
OTC Europe’s office is located at10 Finsbury Square, 5th floor, London, United Kingdom, EC2A 1AF. For more information about OTC Europe or its divisions, visit www.otcgh.com or call +44 (0) 20 7726 8601.
About OTC Global Holdings
Formed in 2007, OTC Global Holdings has become the world’s largest independent institutional broker of commodities, covering financial and physical instruments from offices in Chicago, Geneva, Houston, New Jersey, London, Louisville and New York. The company has become a leading liquidity provider on CBOT, ICE and NYMEX, ranking number one amongst its peers in numerous contracts across biofuels, emission derivatives, commodity index products, crude oil, metals natural gas, natural gas liquids (NGLs), metals, petrochemicals and refined products, power, proppants, soft commodities, and weather derivatives. The company serves more than 450 institutional clients, including over 70 members of the Global Fortune 500, and transacts in hundreds of different commodity delivery points in Asia, Europe and the Americas. To learn more about the company, please visit www.otcgh.com or go tohttps://www.youtube.com/watch?v=u5Ohwr7h3tE.
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Contact: Brittney Garneau
Pierpont Communications
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