London, 18 February 2010

Standard Bank continues to bolster its energy trading business with the hire of Suzanne Parry and Wolfgang Bergman as Senior Energy Marketer/Originator and Senior Flow Marketer respectively, reporting to Janelle Matharoo, Global Head Energy Trading at Standard Bank. Suzanne formerly Head of Energy Sales at Natixis Commodity Markets will be responsible for origination on physical commodity management and developing customer solutions combining physical oil exposure and derivatives. She has 18 years experience in oil markets, and has worked for physical trading houses and financial services firms in London and Geneva.

Wolfgang formerly at Societie Generale will be responsible for the global client execution desk and solutions. He has close to 10 years experience in energy markets, and has worked for a range of financial services firms in Minneapolis and New York.

Commenting, Janelle Matharoo, Global Head Energy Trading at Standard Bank said: “These senior and high-calibre appointments not only shows Standard Bank’s intent to develop its energy trading franchise, but also our ability to attract some of the brightest talent in the market.“ Building our capability is a key strategic priority for Standard Bank in 2010 and beyond; our transition from a purely ‘paper-based shop ‘into physical commodity management is a reflection of our desire to expand our already world-class offering to provide flexible and discreet contango solutions for our clients.

“Standard Bank continues to enhance our offering in oil, coal and carbon emissions. We now offer our clients not just energy derivatives but a range of products including physical stock management, supply and off-take agreements, project structures, credit facilitation and investor products.  These new products have allowed us to develop further the relationship with our traditional trading counterparties but also engage with the Treasury and CFO functions.

“Furthermore our on the ground expertise in emerging markets and relationship with ICBC has helped us secure licenses to operate in China and other developing markets in Africa, the Americas, Europe and Turkey that many of our competitors have found difficult to access.”

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