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
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
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