Tom James, head of commodity derivatives at Mitsubishi Securities in London, is set to leave the Japanese bank to establish a consultancy to advise banks and hedge funds about launching energy trading ventures.
James was hired by what was formerly called Tokyo-Mitsubishi International last summer to restructure its commodity derivatives arm from being a largely proprietary trading operation into a lower risk client-focused business. James says that this turnaround has largely been achieved and adds now is the time to move on to a new venture. "There's a lot of interest from hedge funds wanting to get into energy and being a consultant has always interested me."
Prior to Mitsibushi James was a commodity and natural resources financier at Crédit Agricole Indosuez.
