Mercuria’s Two Managing Partners in Metals Said to Depart

Feb 11, 2014 1:06 pm ET

(Updates with response from Mercuria spokesman in second paragraph.)

Feb. 11 (Bloomberg) -- Ben Green and Liam Brown, managing partners at Mercuria Energy Group Ltd., left the company, according to two people familiar with the matter.

Green and Brown were based in London and traded industrial metals, said the people, who asked not to be named because the changes haven’t been announced. Benoit Lioud, a spokesman for Mercuria in Geneva, declined to comment.

Green and Brown joined Mercuria in 2012 as part of the energy trading firm’s expansion into metals. Both previously traded metals at Goldman Sachs Group Inc. Green heads the London Metal Exchange’s traded options committee and is a member of the bourse’s user committee.

The departures come as Mercuria entered exclusive talks with JPMorgan Chase & Co. to buy the bank’s physical commodities unit. JPMorgan’s commodities business includes physical metals trading and the Henry Bath & Son metals warehouse system.

--Editors: Sharon Lindores, Dan Weeks