R.J. O’Brien hires veteran brokerage team in London

Maria Nikolova

Gary Papier, James Hunt, and David Cutler join London-based R.J. O’Brien Limited.

Futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) announced today that its sister company, London-based RJO Limited, has brought on a veteran team of brokers to establish a new specialty in soft commodities.

Gary Papier, James Hunt and David Cutler join London-based RJO Limited bringing with them their extensive experience in futures and commodities, particularly in coffee, sugar, cocoa and cotton.

The team reports to Renée Laird, RJO Senior Managing Director and Global Head of Commercial Agriculture and OTC Markets. Papier and Hunt are both Senior Vice President and Soft Commodities Co-Head. Cutler is Vice President, Soft Commodities. Papier and Hunt have worked together for the past 15 years, initially as a client and broker and later as colleagues. Hunt and Cutler also worked together for several years prior to joining RJO Limited.

Gary Papier has more than 25 years of trading, brokerage and technical analysis experience in soft commodities, particularly in sugar and coffee. Most recently he was Co-head of the Softs and Agricultural Commodities desk at BGC Partners LLP. Previously, at Marex Spectron, he focused on soft commodities and grains. He spent 20 years at ED&F Man Group, trading coffee in the cash and derivatives markets for 15 years, before leading derivatives execution in the sugar division. Subsequently, Mr Papier managed funds for a private investor focused on soft commodities and then set up the derivatives desk at Finagra UK, responsible for hedge management, proprietary trading and brokerage in both over-the-counter and exchange-traded markets.

James Hunt has over two decades of experience in London as a senior broker within the commodities, foreign exchange and fixed income markets. In commodities, he has specialized in coffee, cocoa, sugar, cotton, orange juice, wheat, corn and soybeans. Most recently, Hunt was Co-Head of the Softs and Agriculturals desk at BGC since 2013, managing a team of brokers in London and Chicago. In that role, he managed a large hedge fund client base, along with banks, trade house and private clients. Before that, he was a commodities broker at JB Drax Honoré, where he successfully helped build the firm’s commodities desk. From 2006 to 2010, Hunt was a commodities broker at Marex Financial, where he helped establish a new trading desk for sugar and other commodities. Earlier in his career, Mr Hunt was a sugar broker at MF Global UK LTD and at ABN AMRO Futures.

David Cutler has been active in the soft commodities markets for nearly six years, with a strong interest in macro-economics. Most recently, he was a softs and agricultural derivatives broker at Sucden Financial, where he focused particularly on cocoa and quickly established a strong client base. Previously, he worked for several years with Hunt at BGC as a soft and agricultural derivatives broker. Mr Cutler started his career at CondeNast Publications, working on logistics for events.

Read this next

Executive Moves

Wombat appoints ex-abrdn Richard Charnock as UK platform turns to Europe

Launched in 2019, Wombat provides a dedicated mobile investing platform – available on both iOS and Android – offering users both range and choice.

Institutional FX

Broadridge integrates Point Focal’s pre and post-market reports

“Point Focal provides a unique lens on the market which will help add alpha to the trading process and these new insights will rapidly improve performance while mitigating execution risk and simplify trading.”

Technology

XCritical integrates with Brokeree Solutions, allowing its clients to launch copy trading 

The forex software provider – XCritical, has integrated Social Trading by Brokeree Solutions into their CRM system.

Industry News

HKEX partners with Saudi exchange for cross listings, ESG, Fintech

“The Kingdom of Saudi Arabia, and the broader Middle Eastern region, are one of the world’s most dynamic and exciting economic and innovation hubs and also home to some of the fastest growing investor groups in the world. Hong Kong and HKEX’s markets offer significant opportunities for international investors and corporates, including unrivalled connectivity to the Mainland Chinese markets through our unique Connect programmes. This agreement signals the beginning of even greater collaboration between our companies and our home markets, and we look forward to exploring many future areas of cooperation.”

Executive Moves

CMC Markets Connect relocates APAC team led by Peter Foster to Singapore

“Singapore is a vibrant city and is now undoubtedly seen as Asia’s leading financial hub. The decision to bolster the CMC Markets Connect team here will help us cement the company’s position as a leading provider of multi asset liquidity and comprehensive trading solutions across the region.”

Retail FX

Italian watchdog red flags Olympus Brokers, UnicoFX and Allfina Group

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

XTB revenues hits zł1.45 billion in 2022, Q4 earnings disappoint

Poland-based Forex and CFDs broker, XTB has reported its final results for Q4 of 2022 and the full fiscal year ending on December 31, 2022, showing one of its most successful corporate years.

Executive Moves

Lirunex Limited recruits Waleed Salah as head of MENA sales

Maldives-based brokerage firm Lirunex Limited has secured the services of Waleed Salah, who joined the company in the role of its head of sales for the MENA region.

Executive Moves

Trading 212 parts ways with co-founder Borislav Nedialkov

Trading 212 has a void to fill at its FCA-regulated business in London, following the departure of two key players, Raj Somal and Borislav Nedialkov.

<