Sucden Financial hires head of LME averaging
Sucden Financial, a global multi-asset execution, clearing and liquidity provider, has appointed Thomas Hodge to build and run its new average pricing function within its LME business.
As Head of LME Average Price Trading, Hodge will complement and extend Sucden Financial’s existing ability to facilitate LME hedging requests, providing a dedicated averaging service to allow an exact match between client risk and the LME’s daily date structure. In addition, Hodge will be developing quantitative analytics and models for use within the firm’s LME trading business.
Prior to joining Sucden Financial, Hodge was Co-Chief Investment Officer at Commodities World Capital (CWC), where he managed their LME base metals portfolio. A first-class honours graduate in Mathematics from the University of Oxford, Hodge completed a PhD in Pure Mathematics at Imperial College, London, before beginning his career at Credit Suisse. He spent seven years with the company across various positions in the commodities space, before founding Vilk Commodity Services in 2012, where he developed and oversaw their base metals strategy.
“I am delighted to welcome Tom. His extensive experience will help enhance our base metals offering to our diverse client base, through our category one LME membership. We remain fully committed to developing our solutions and continue providing a full service to clients at this difficult time," says Marc Bailey, CEO, Sucden Financial.