25 Oct PEOPLE MOVES: Demler, Fig join Global Price Risk Management Advisory Service CRMA-CRCI
By Andrea Hotterahotter@metalbulletin.com
October 25, 2017, 13:50 GMT
New York, Metal Bulletin
Fred Demler, formerly INTL FCStone’s global head of metals, and Robert Fig, formerly head of physical market sales at the London Metal Exchange, have joined the price risk management advisory run by Michael Lockwood and David Waite.
Demler and Fig each bring more than 40 years of industry experience to CRMA-CRCI, a global practice that focuses on providing the foundation for effective management of price risk for metals producer, processor, end-user and trader clients.
Demler stepped down from his role at INTL FCStone at the start of October, having worked there since 2011. Prior to this, he was global head of commodities at MF Global from 1993 to 2011 and has also worked in various sales, research, marketing and management capacities at PaineWebber (1990-1993), Drexel Burnham (1983-1990) and Exxon (1980-1983). He was recently made a category 7 honorary member of the LME.
Demler brings with him decades of expertise in commodities pricing and risk management gained from the various global brokerage and trading businesses that he has run.
Fig started his commodities career in mining and agricultural commodity research before moving to a base metal marketing capacity at several institutions, most notably Scotia Capital. While working for Mittal Steel and later ArcelorMittal, he set up, centralised and ran its commodity risk management operation.
He has been consulted by various global, regional and academic institutions on commodity risk management and has run dozens of training courses focused on bespoke commodity risk management training.