Sucden Financial has fortified its commodities business, naming Michael Donovan as its newest Senior Cocoa Broker, whose sole mandate will be fostering the group’s cocoa business in London, according to a Sucden Financial statement.
Mr. Donovan joins Sucden Financial from Jefferies Bache, having served as its Senior Cocoa Trader and Vice President. In this capacity he helped service a wide-ranging customer base in the commodities industry, with a specific penchant for cocoa markets.
Prior to Jefferies Bache, Mr. Donovan held a number of senior level roles in soft commodity markets, including stints as the Head of Cocoa Brokerage at Credit Lyonnais Rouse, where he was tasked with developing the firm’s coffee and cocoa customer base. He was also a Cocoa Broker at Sucden Financial for over a decade between 1982 and 1992.
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According to Mark Cooper, Co-Head of the Softs team at Sucden Financial, in a recent statement on the appointment, “Micky will be responsible for further developing and strengthening our cocoa brokerage business at Sucden. He brings with him a wealth of knowledge and experience in both the futures and physical markets, which will be a huge asset to the team and our strategy going forward.”
“As a previous employee of Sucden, I was fortunate enough to be a participant in the transition that led to the company becoming a major influence in the world of cocoa. Over twenty years later, Sucden remains at the forefront and I am looking forward to growing the company’s business further,” added Mr. Donovan in an accompanying statement.
Earlier this month, Sucden Financial Limited promoted Michael Davies to the role of Senior Sales Manager, following a lengthy tenure with the firm dating back to 2004 – Mr. Davies will continue to be based out of London.
Sucden Financial is an international foreign exchange (FX) and derivatives broker in the United Kingdom. In addition to London, the company has offices and subsidiaries in Moscow and Hong Kong and provides access to a wide spectrum of markets, including exchange and Over-the-Counter (OTC) traded products, as well as equities and bullion.