METALS PEOPLE - Physical copper trader Ivan Petev leaves Macquarie Bank

Vicky Chenvicky.chen@fastmarkets.comPhysicals Reporter+44 (0) 20 7337 2141

London 23/08/2016 - Ivan Petev has left Macquarie Bank in Singapore and is currently on gardening leave, FastMarkets understands.

Petev was in charge of Macquarie's global copper book from December 2014 to helped to expand the bank's physical metal trading business.

He was previously at JP Morgan Chase & Co as managing director of base metal trading from 2010 alongside William Gayner, a physical trader in copper, zinc and lead who also joined Macquarie as a copper and nickel trader in London.

Both Petev and Gayner worked at RBS Sempra Commodities, which Royal Bank of Scotland sold to JP Morgan in 2010.

JP Morgan sold its physicals commodities division to Mercuria in 2013.

(Additional reporting by Perrine Faye, editing by Mark Shaw)

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