Sucden Financial hires Michael Bell to expand soft commodities business
FX broker and liquidity provider Sucden Financial has hired Michael Bell as the UK-listed group aims to further expand its soft commodities services.
In his new role as a coffee broker, Michael brings nearly 33 years of experience as a former LIFFE coffee and cocoa grader. Before landing at the multi-asset execution and clearing provider, he held senior roles at several banks and brokers.
Bell spent two decades with Société Genéralé in London as a director and broker in its soft commodities division. His career also encompasses different stints at ABN Amro, specializing in coffee and cocoa, and Merrill Lynch where covered various commodity markets.
Starting at J H Rayner Futures in 1986 as an operations clerk, he also worked as a registered coffee & cocoa grader between 1992 – 2002. During his time in the business, Bell gained extensive knowledge of the softs markets as well as building a substantial client portfolio and also worked with multiple electronic trading platforms.
Announcing the new hire, Mark Cooper, Co-Head of Softs at Sucden Financial, said: “I’m thrilled Mickey has joined us. I have known him for many years; he is highly respected and brings a wealth of knowledge and experience. He will focus on increasing our coffee futures and options brokerage business here in London, complementing our existing team.”
Sucden widens the reach of its services
Kirsty Gillies, Head of Futures and Soft Commodities at Sucden Financial, added: “Mickey’s appointment underlines our continued commitment to soft commodities and the level of experience and expertise our clients require.”
Established in 1973, Sucden Financial is a derivatives broker operating in a broad range of markets, including exchange and OTC traded financial and commodity futures and options, equities, and foreign exchange. Sucden Financial is part of Sucres & Denrées, which has a presence in over 30 locations worldwide.
The liquidity provider has recently inked several partnership deals to widen the reach of its services. The company is part of the growing list of LPs that are searchable and contactable on Liquidity Finder, which allows professional investors or trading businesses to make side-by-side comparisons when selecting their liquidity partners.
Sucden Financial has also partnered with Refinitiv to distribute market insights and premium in-depth investment research via their Eikon platform. Recently, the company announced multiple new hires in a bid to help expand its client base.