Global commodities brokerage Marex Spectron has lured a former Citi executive to join its institutional business. Christian Lusted, who had served at the US bank for over ten years, was appointed as Head of Institutional Sales, Metals.
Lusted is joining the brokerage’s metals franchise, tasked with further building the business across hedge funds, CTA’s and trading houses. He joins Marex with over 23 years of experience to enhance its institutional sales team, with the group eyeing a broader focus and growth in different regions.
Prior to landing at the institutional-client focused broker, Christian worked at Citi as EMEA’s head of hedge fund Sales. Additionally, he also held several sales roles at BNP Paribas’s metals unit from 2006 to 2010.
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Marex expects Christian’s industry experience, which dates back to 1997, and deep relationships to strengthen its global sales capabilities as it looks to expand its reach and continue to build market share. The metals franchise provides execution and clearing services for exchange-traded derivatives on LME, CME, HKEX, and DGCX, as well as off-exchange precious metal products.
Marex has expanded aggressively since being taken private in 2010 by JRJ Ventures, the private equity group founded by former Lehman executives Roger Nagioff and Jeremy Isaacs. The past year saw Marex Spectron also solidify its position across global commodities markets, including seeing its volumes maintain the top spot on the London Metal Exchange (LME), as well as on the LME Select electronic platform. In terms of the energy sector, the group was a top-three broker across agriculture, including soft commodities.
Marex Spectron, President Simon van den Born commented: “I am delighted to welcome Christian to our team. He has a great track record in the institutional space and brings extensive knowledge in base and ferrous metals. Christian is an exciting hire for our metals business, which is already a highly regarded franchise, and is focused on a part of the market where we see significant opportunities.”