Jan
26
Former Morgan Stanley Banker to Revive Phibro Name
ByOil prices may be depressed, but they have not stopped the longtime commodities trader Phibro from being resurrected.
Simon Greenshields, the former co-head of Morgan Stanley’s commodities business, acquired the Phibro name and assets related to its now defunct trading business, said his firm, Energy Arbitrage Partners, in a statement on Tuesday. Mr. Greenshields plans to start a new Phibro business that focuses on acquiring and developing commodity assets, as well as trading. He will become the chief executive and president…