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MOVES-Macquarie hires new EMEA head of physical crude oil trading

Published 07/03/2019, 04:13 am
Updated 07/03/2019, 04:20 am
© Reuters. MOVES-Macquarie hires new EMEA head of physical crude oil trading
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LONDON, March 6 (Reuters) -

* Australian investment bank Macquarie Group MQG.AX has hired Paul Brewster to head physical crude oil trading for Europe, the Middle East and Africa, sources familiar with the matter said.

* Brewster was previously at Litasco, the trading arm of Russian oil producer Lukoil LKOH.MM , for six years trading Urals crude and prior to that at Morgan Stanley (NYSE:MS) MS.N , where he also traded crude.

* The sources said he is due to start later this year and will be based in Geneva, Switzerland.

* Macquarie entered physical oil trading in 2017 when it bought the oil business of commodity trader Cargill.

* Macquarie did not respond immediately to a request for comment.

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