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Armajaro Establishes Derivatives Trading Business With Appointment Of Senior Hires From JPMorgan

Date 22/10/2009

Armajaro, the global commodities and financial services business, today announced it has established Armajaro Derivatives Limited, an FSA regulated company created to provide tailored risk management solutions and advice to participants in the soft and agricultural commodity sector.

Adrian Brickell, Henry Morriss, James Nuttall and Anil Dharan all join from the commodities group at JPMorgan and have extensive experience trading and structuring bespoke hedging strategies.

Adrian who was previously the Global Head of Agricultural Commodities at JPMorgan and Henry will both join the board of Armajaro Derivatives Limited.

Richard Ryan, Chief Executive of Armajaro Trading Limited said: "The launch of Armajaro Derivatives is a natural and highly complementary extension of our existing physical trading business. Our clients will now be even better equipped to manage risk from the farm to the factory – benefitting from the efficiencies of our physical trading operation and the ability to hedge and manage that exposure with tailored derivative solutions. Importantly, we are excited to have attracted a derivatives team of such quality to Armajaro."