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Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally
Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globallyView Video
Firering Strategic Minerals : from explorer to producer
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Brazilian bank BTG Pactual makes two energy hires in London-source

Fri, 15th Nov 2013 13:19

LONDON, Nov 15 (Reuters) - Brazilian investment bank GrupoBTG Pactual SA has hired two former Barclays Plc and Goldman Sachs Group Inc traders to manageits energy funds at the company's London office, a source at thefirm said on Friday.

Nima Neelakandan, previously head of emissions trading atBarclays, joined BTG Pactual this month as a portfolio managertrading oil, power, gas, carbon and coal, the source said.

The move was confirmed by Neelakandan's LinkedIn profile.

Neelakandan, who left Barclays in September, joins PhilBeatty, a former portfolio manager at Millenium Capital, who washired by BTG Pactual earlier this year, the source said.

Beatty was previously at Goldman Sachs from 2002 to 2012 andran the bank's power and gas desk in London.

A spokesman for BTG Pactual in London would not comment onthe hires, citing company policy.

Headquartered in Sao Paulo and controlled by billionairefinancier André Esteves, BTG Pactual is Latin America's largestindependent investment bank.

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