Embattled commodity trader Noble Group loses CFO

Mercuria hires two Goldman managing directors; GDF Suez Trading hires ex-Citi oil traders; Cargill CRO set to retire; ex-Scotiabank trader resurfaces at Canadian oil firm

Paul Jackaman - Noble Group
Paul Jackaman has become acting group CFO at Noble Group
Noble Group loses CFO

Robert van der Zalm, group chief financial officer (CFO) of Hong Kong-based commodity trading house Noble Group, has stepped down.

Noble announced van der Zalm was leaving the CFO job on a November 12 conference call with analysts, when it reported an 83% drop in third-quarter profit from the year before. The firm has been hit hard by falling commodities prices, questions over its accounting and warnings from rating agencies that it could be downgraded to 'junk'.

Noble said

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here