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Freepoint pushes Into Asia energy and metals as rivals pull back

Bloomberg Published on Tue, Oct 11, 2016 / 8:06 AM GMT+8

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NEW YORK (Oct 11): Freepoint Commodities LLC is planning a push into Asia, seeking to hire metals and energy traders from Singapore to Shanghai as it moves into the gap left by rival trading houses and the retreat of big banks.

The trading house, co-founded by veteran commodities executive David Messer, has hired three refined metals traders and two assistants in its Shanghai office. Other additions will likely follow in energy, as the Stamford, Connecticut-based company seeks more talent, Messer said in a telephone interview Friday.

“We continue to seek growth opportunities in our physical trading businesses where we can identify niches in the supply chain," said Messer, the company’s chief executive officer.