Jonathan Drake to Join RCMA of Singapore
Friday May 25 2012
Jonathan Drake, former head of the sugar trading desk at Cargill, will join RCMA Commodities Asia Pte Ltd. in Singapore as chief operating officer. RCMA plans to expand its trading from rubber and coffee to sugar, according to Doug King, majority owner. Mr Drake will also be head of sugar. Drake left Cargill in December after 26 years.
Doug King and Michael Coleman, owners of RCMA, founded the Merchant Commodity Fund which has $550 mln in assets. RCMA will start trading white sugar and will expand its staff to as many as 20 people in 18 months, said Drake.
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