A former London-based head of emissions trading at US investment bank Morgan Stanley has joined the trading arm of oil major Shell, Carbon Pulse has learned.
Dougal Corden joined the firm’s London-based carbon team this month and will focus on cross-commodity options, according to a well-placed source.
Corden was not immediately available to comment.
He was head of emissions and cross-commodity options at Noble Group between 2014 and 2015, after leaving Morgan Stanley as an executive director of commodities in the summer of 2013 following an almost seven-year stint.
Prior to that, Corden was an environmental products trader at Shell rival BP.
At Shell, he joins the other members of the oil major’s carbon team including general manager William McGrath, regional team lead Mitchell Gorman, and veteran trader Urvesh Kotecha.
By Mike Szabo – mike@carbon-pulse.com
