Banks welcome commodities talent despite trading curbs
- No let up in search for commods experts and star traders
- Some banks even looking at physical commods trading
By Barani Krishnan
NEW YORK, Feb 9, 2010 (Reuters excerpt) - Wall Street banks have not let up
on their search for star traders and other experts in commodities despite trading
restrictions planned by the U.S. government and regulators.
Some banks are even looking to expand into physical trading -- taking delivery
and storing commodities such as grain, metals and crude oil -- if the U.S. government
limits their ability to trade commodities futures.
While restrictions proposed by President Barack Obama "have introduced
an element of uncertainty for the commodity desks on Wall Street, no one is
taking their foot off the gas pedal in terms of hiring," said George Stein,
managing director at New York's Commodity Talent.
"The demand is a multiple of what it was at this time last year and includes
requests for entire teams, as well as star traders," Stein said.
-- Read more at http://www.commoditytalent.com/documents/Reuters-…