Discover your dream Career
For Recruiters

Macquarie's $39m trader rumoured to be joining Mercuria

Nick O'Kane, the former head of Macquarie's commodities business who disappeared earlier this week for "personal reasons" and to "pursue opportunities outside Macquarie" according to Macquarie, is thought to be joining a commodities trading house.

Get Morning Coffee  in your inbox. Sign up here.

It's rumoured that O'Kane is joining Mercuria Energy Group limited, the trading house founded in 2004, and controlled by three former Goldman Sachs traders, Magid Shenouda, Marco Dunand and Daniel Jaeggi.

Mercuria didn't immediately respond to a request to comment.  

O'Kane, who is in his early 50s, joined Macquarie in 1995 and built its power trading business. He was known for his generous pay at the bank, earning $39m last year and $22m the year before that.

Based in Switzerland, Mercuria flies below the radar in terms of hiring. Last year it recruited some traders from Goldman Sachs. In December it hired Anne Cameron, a new head of public markets investing in New York.

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Paritas Recruitment - Data & Tech
Quantitative Researcher (Systematic Fund)
Paritas Recruitment - Data & Tech
London, United Kingdom
Elevate Partners
Investment Associate - Cimate Fund
Elevate Partners
London, United Kingdom
Oxford Knight
Quant Researcher - C++ / Python- Global Hedge Fund
Oxford Knight
London, United Kingdom
DTG Capital Markets
Proprietary Trader (US, remote)
DTG Capital Markets
New York, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.