NEW YORK, April 29 Goldman Sachs' former
senior physical metals trader Scott Evans will join Noble Group
as the Hong Kong-based commodity trading house expands
its base metals operations.
Evans, a founding member of Goldman's physical metal trading
desk, will follow David Freeland, who quit the U.S. investment
bank last month to join Noble in London, said two sources who
declined to be named because they are not authorized to speak to
Evans left the U.S. bank earlier this month.
He will be based at Noble's office in Stamford, Connecticut.
Noble declined to comment.
The two appointments come almost a year after the company
renewed its focus on base metals, hiring Mark Hansen from hedge
fund Brevan Howard to run its global metals business.
Hansen was tasked with broadening Noble's focus to include
copper and zinc. Historically, the company has been known in
aluminum, alumina, iron ore and ferro alloys.
Before joining Goldman in the summer of 2010, Evans traded
aluminum at Mitsubishi, while Freeland ran Trafigura's European
copper book in Switzerland until he joined Goldman in December
The two high-profile departures from Wall Street's No. 1
bank for commodities was seen as the strongest sign yet that it
is struggling to expand into the capital-intensive and high-risk