Glencore woos TD Intl. executive to beef up compliance
Cloe Bilodeau has been hired away from TD International by the commodities trader Glencore. Bilodeau, who headed due diligence at [...]
Glencore is an Anglo-Swiss commodities trader that is particularly active in Africa, most notably the Democratic Republic of Congo (DRC). In 2011, Glencore controlled 60% of the world’s zinc production and 50% of copper production. The company has been hit badly by falling commodities prices and has been selling off assets around the world.
Favourite courtier of African presidents Jacob Zuma, Ali Bongo and Denis Sassou-Nguesso, South African Ivor Ichikowitz is little by little making his mark in Central Asia. Alongside such influential regional businessmen as Kenges Rakishev in Kazakhstan and Fuad Seyidaliyev in Azerbaijan, the head of the Paramount arms group is trying to establish himself there, while still maintaining his position [...]