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Mercuria appoints top team following JP Morgan sale

CME Group cuts global headcount by 5%; Deutsche oil trading heads depart; NextEra hires Barclays's Jee; EDF appoints Goldman sales head; Radhakrishnan leaves CFTC

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Switzerland-based commodity trading house Mercuria has appointed several JP Morgan émigrés to senior positions since its acquisition of the bank's physical commodities business was completed on October 3. The new hires will all report to Magid Shenouda, Mercuria's global head of trading and a 14-year veteran of Goldman Sachs, who was revealed to be joining the firm earlier this year.

Sources close to the matter say Sean O'Neal and Rob Cauthen will run Mercuria's North American physical power and

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